Warehouse Reit Share Discussion Threads

[freeservice3] 29/10/2020 19:35

Today's drop seems excessive compared to others in this sector. Great yield at 5.8%. One to hold long term I think.

[chucko1] 29/10/2020 15:38

It seems the ever-present seller at 110 has become incontinent. That can happen with an 1100 point 2 day fall on the DOW - now only 900 points, but the dam had already burst.

[skinny] 21/10/2020 06:04

Warehouse REIT plc, the AIM listed specialist warehouse investor, will announce its half year results for the six months ended 30 September 2020 on Tuesday 3 November 2020.

There will be a webcast and conference call for analysts and investors at 09.00am on the day of the results. Please contact FTI Consulting for further details or to register interest.

[makinbuks] 12/10/2020 09:43

Here's what BBOX said in todays results announcement about their disposals recently:

Our strategy is based on actively and directly managing our portfolio to drive value for shareholders. As part of this, we are taking advantage of strong investment demand for logistics real estate, selling assets where we have completed our asset management initiatives and maximised value for shareholders. This enables us to reinvest the proceeds into higher returning opportunities within our portfolio or by acquiring property in the market where we can add significant value through asset management initiatives.



During the quarter we exchanged on the sale of four assets achieving:

· A total consideration of £134 million, in line with our target of £125-175 million per annum.

· An average levered IRR in excess of 12.5% per annum (net of corporate costs).

· A blended sale NIY of 5.0% compared to aggregated purchase NIY of 6.6%.

So they are certainly of the view they came off best in this deal

[energeticbacker] 09/10/2020 09:40

What are the growth opportunities for warehouse and logistics companies? Investor’s Champion has taken a look at a number of companies including Warehouse. #CLG #LMP #SGRO #BBOX

[makinbuks] 08/9/2020 08:15

Yes, as I read it the yield from the BBOX transaction is 3.2% while the Chester one is c. 7.5%. The Wincanton deal looks to have much more potential with 3.5 years only to run and £5psf running rate below current market. Plus its in a prime location alonside other assets. The BBOX one is a puzzle

[sleepy] 04/9/2020 11:48

Did they buy it on a sub 5% yield?

[nimbo1] 04/9/2020 08:23

not enjoying the purchase from big box - known as overpaying in the industry for almost everything they buy (because they can always win as just get more institutional money). Then WHR swoop in and pay them a full price for the asset - I know its a a great market etc just thought whr wouldn't be buying big boxes off bbox!

[skinny] 03/9/2020 06:12

.

Warehouse REIT, the AIM-listed company that invests in e-commerce urban and last-mile industrial warehouse assets in the UK, announces that it has completed the acquisition of two single-let warehouse assets located in the East Midlands and Cheshire, occupied by Amazon and Wincanton respectively. The assets have been purchased in two separate transactions for a total consideration of GBP82 million, reflecting a blended net initial yield of 5.4% and provide a combined WAULT of 9 years. These latest additions to the Company's portfolio follow its successful equity raise that completed last month, delivering equity of circa GBP153 million and over GBP200 million of investment firepower.

more.....

[skinny] 19/8/2020 09:14

Nice and steady.


free stock charts from uk.advfn.com

[nimbo1] 08/8/2020 10:14

yes it will be back at 120p v soon I think. 6% yield and some growth at nav way more attractive than some of the renewable plays imo.

[chucko1] 07/8/2020 15:21

WHR popping in sympathy with the other Boxes.

[nimbo1] 07/8/2020 14:23

Some decent moves across the sector - decent secure income, makes sense.

I would have thought e-box looks undervalued here - 13% discount to NAV

[ramellous] 31/7/2020 10:41

And as if by magic.. lol

[igoe104] 31/7/2020 09:58

Surprised these aren't moving up like bbox after Amazon expansion plans ?

[skinny] 30/7/2020 11:26

As if by magic :- .

"The announcement released on 30 July 2020 at 7:00am included an incorrect payment date for the first interim dividend. The first interim dividend will be paid on 2 October 2020".

The corrected announcement is set out below."

Correction: Dividend Declaration

The Company has declared its first interim dividend in respect of the first quarter of the financial year ending 31 March 2021 of 1.55 pence per ordinary share, payable on 2 October 2020 to shareholders on the register on 28 August 2020. The ex-dividend date will be 27 August 2020.

The dividend of 1.55 pence per ordinary share will be paid in full as a Property Income Distribution.

[cwa1] 30/7/2020 09:52

Indeed, it is strange. A mistake I would guess?

[skinny] 30/7/2020 06:14

.

The Company has declared its first interim dividend in respect of the first quarter of the financial year ending 31 March 2021 of 1.55 pence per ordinary share, payable on 3 October 2020 to shareholders on the register on 28 August 2020. The ex-dividend date will be 27 August 2020.

The dividend of 1.55 pence per ordinary share will be paid in full as a Property Income Distribution.

[ec2] 01/7/2020 15:16

I tend to agree. Offer gives the institutions the chance to buy in size, but personally I'd look to buy in the market below 110p if the chance arises.

[igoe104] 29/6/2020 10:00

I'm back in here today - secure income company in a growing market. also hold BBOX, GRID, TRIG, UKW. another 4 solid income companies, with good growth prospects.

[cvcrp] 20/6/2020 09:24

@nimbo1

True. SEQI & TRIG i'd put in that category. Possibly higher risk & higher yield alternatives i hold are AEW , AIRE & RGL.

[nimbo1] 18/6/2020 09:27

my view is if they get it away at that price fair play. I bought some this am fwiw simply because I can't find many places to buy reasonably secure income.

[cvcrp] 18/6/2020 08:42

what are people's views on this fund raise?
My own are:
-coming off the back of recent rises the shares don't seem a screaming buy like a month or so ago
-there are plenty of other reits trading at a discount about, albeit not in the warehouse sector.
-Reits only do subscriptions when they are fully priced and from experience there is likely to be a better time to buy in at a lower price down the line.
-1 in 3 is not a small amount of cash to magic up, so the offer would need to be really compelling for me to sell elsewhere to fund
-share price falls on the day of announcement to the 110 in any case, so why don't i just buy the shares in the market...
- I would have hoped for more info on why this pipeline of opportunities is such a good investment and worth my money. Having said this the management team seem to asset managed well to increase value, but give me a little more than blind faith to go on i guess.
In summary, i just can't get excited about buying into this offer.