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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Warehouse Reit Plc | LSE:WHR | London | Ordinary Share | GB00BD2NCM38 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 1.20 | 1.12% | 108.80 | 1,517,071 | 16:35:24 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 108.00 | 108.40 | 108.80 | 107.20 | 108.40 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 51.03M | 34.31M | 0.0807 | 13.43 | 457.15M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:24 | UT | 167,753 | 108.80 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 17/4/2025 | 17:02 | UK RNS | BRI Wealth Management PLC Form 8.3 - Warehouse REIT |
| 17/4/2025 | 15:23 | UK RNS | Evelyn Partners Group Limited Form 8.3 - WAREHOUSE REIT PLC |
| 17/4/2025 | 15:20 | UK RNS | BlackRock Group Form 8.3 - Warehouse REIT plc |
| 17/4/2025 | 13:30 | UK RNS | Barclays PLC Form 8.3 WAREHOUSE REIT PLC |
| 17/4/2025 | 12:00 | UK RNS | Peel Hunt LLP Form 8.5 (EPT/RI) Warehouse REIT Plc |
| 17/4/2025 | 10:24 | UK RNS | Jefferies International Limited. Form 8.5 (EPT/NON-RI) Warehouse REIT plc |
| 16/4/2025 | 15:20 | UK RNS | BlackRock Group Form 8.3 - Warehouse REIT plc |
| 16/4/2025 | 15:03 | UK RNS | Barclays PLC Form 8.3 WAREHOUSE REIT PLC |
| 16/4/2025 | 14:26 | UK RNS | Evelyn Partners Group Limited Form 8.3 - WAREHOUSE REIT PLC |
| 16/4/2025 | 12:01 | UK RNS | Peel Hunt LLP Form 8.5 (EPT/RI) Warehouse REIT Plc |
Warehouse Reit (WHR) Share Charts1 Year Warehouse Reit Chart |
|
1 Month Warehouse Reit Chart |
Intraday Warehouse Reit Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 15/4/2025 | 23:04 | Warehouse Reit | 979 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 18/4/2025 09:20 by Warehouse Reit Daily Update Warehouse Reit Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker WHR. The last closing price for Warehouse Reit was 107.60p.Warehouse Reit currently has 424,861,650 shares in issue. The market capitalisation of Warehouse Reit is £460,550,029. Warehouse Reit has a price to earnings ratio (PE ratio) of 13.43. This morning WHR shares opened at 108.40p |
Posted at 15/4/2025 23:04 by sleepy So SHED is going at a 3% discount to NAV. If WHR goes for 113.4p the Directors must offer a very strong explanation as to why or expect a battle between KCs at the Court Hearing |
Posted at 06/4/2025 14:01 by skyship Bizarre move by WHR on Friday. Down to 101p!Did shareholders vote the offer down; or is there some way the bidders can wriggle out of their offer? Thoughts anyone... Ahh - this explains it: "There can be no certainty that any firm offer will be made by Blackstone or any other party." So they have the right to withdraw due to changing circumstances. |
Posted at 27/3/2025 07:09 by skinny Based on an Offer Price of 115 pence, the Final Indicative Proposal values the issued, and to be issued, ordinary share capital of Warehouse REIT at approximately £489 million, and represents:· a premium of 39.6 per cent to the closing price of 82.4 pence on 28 February 2025 (being the trading day prior to the commencement of the offer period); · a premium of 40.2 per cent to the 1-month volume weighted average share price of 82.0 pence on 28 February 2025 (being the trading day prior to the commencement of the offer period); · a premium of 42.5 per cent to the 3-month volume weighted average share price of 80.7 pence on 28 February 2025 (being the trading day prior to the commencement of the offer period); · a premium of 4.9 per cent to the two-year high closing share price of 109.6 pence on 17 April 2023; · a discount of 9.8 per cent to the Company's EPRA NTA of 127.5 pence per share as at 30 September 2024; and · an increase of 4.1 per cent to the possible offer of 110.5 pence per share announced on 3 March 2025. |
Posted at 05/3/2025 11:16 by skyship Sent to WHR - let's see if I get a reply@-------------------- I am a substantial shareholder in Warehouse REIT The Board's RNS today was not only rather late; it is patronising to a degree. I do NOT want Investec deciding the fate of my shareholding. I demand the seemingly final offer be put to shareholders - not just to the largest shareholder. Please forward this to the Chairman who is legally bound to represent shareholders. |
Posted at 04/3/2025 13:21 by marksp2011 I spent two days doing my own research and bought 20k of these, and 15k SHED, I don't need them WHR taken over two weeks later. It is annoying, I would rather ride the share price up as the NAV and divis rise again |
Posted at 04/3/2025 09:51 by aishah @Wshak1The #WHR board are right to have rejected 110.5p bid as that's a discount of over 13% to a rising NAV at 127.5p. However, it's over for #WHR & they should seek a higher bid from others if they can't get Blackstone up. Managed wind-down is a perfectly acceptable alternative. |
Posted at 03/3/2025 18:06 by williamcooper104 Blackstone and Sixth Street have teamed up to make a joint bid for Warehouse REIT, Green Street News can reveal.It is understood that the duo have formed an alliance that has made clear its intentions to the company's board, albeit engagement has thus far been only preliminary in nature. No bid has been accepted, with pricing anticipated at a premium to its current share price but still at a discount to its net asset value.If the take-private play is successful it is expected that Blackstone and Sixth Street will carve up Warehouse REIT's assets between them, rather than own it jointly.Warehouse REIT's portfolio includes 1.8m sq ft project Radway Green, which it has been trying to sellThe company currently has a market capitalisation in the region of £350m and it is understood that other private equity suitors have also done preliminary work on the company in recent months.Warehouse REIT has been trading at discount to NAV, currently sitting at around 35%, for a sustained period. This has in part been put down to being subscale by analysts and the company has long been considered a potential target, particularly given that the attraction of the logistics sector has endured, despite market volatility in recent years. Dynamic duoBlackstone has been building up its UK warehousing platform Indurent, into which Warehouse REIT's assets would likely be absorbed. Indurent was created last year through the merger of St Modwen and Industrials REIT, both of which were acquired through previous take-private deals.The $1tr firm has remained one of European logistics' most prolific investors through the market cycle, continuing its activity since the 21bn recapitalisation of Mileway in 2022. Sixth Street has also been making its own advances in the UK logistics sector in recent months. Last November it formed a joint venture with operating partner Copley Point Capital to build up a portfolio, with an initial £180m pipeline.In an interview with Green Street News last month partner Giulio Passanisi said: "In today's market, we are fully on offense... We have scaled capital but don't have as much of a legacy portfolio, which allows us to be focused on new investments. We can be patient, but we are in portfolio-build mode."When we look at today's world, we are very focused on logistics and industrial assets. We are looking at logistics across Europe in general."The $100bn+ manager is also no stranger to undertaking take-privates. It is in the process of buying ESR, Asia's largest logistics manager, as part of a consortium alongside Starwood, QIA, Warburg Pincus and SSW Partners, and last year it agreed a 258m carve out of a portfolio of supermarkets and shopping malls from Italy's IGD, also alongside Starwood. Simon Hope is co-managing director of Warehouse REIT and chairman of its manager TilstoneWarehouse REIT was launched in 2017, raising an initial £150m through its IPO. It is externally manged by Tilstone Partners, which has recently agreed a new fee structure with the company based upon the lower of net asset value and market capitalisation that will be effective from 1 April.The Tilstone board is headed by non-executive chairman Neil Kirton, with the management led by co-managing directors Andrew Bird and Simon Hope, senior adviser to Savills and the firm's former global head of capital markets. In its half-year results announced last November for the period to 30 September 2024, Warehouse REIT revealed a 2.3% like-for-like increase in its valuation to £811.3m. It owns 69 estates across the country, totalling 7.8m sq ft with 445 occupiers. The portfolio is currently 96.4% let.Warehouse REIT has been pursuing a major strategic sale of Radway Green, a 1.8m sq ft scheme in Cheshire, since November 2023. In its half-year results in November it said terms had been agreed and solicitors instructed on a sale of the first 800,000 sq ft phase, although no deal has yet been announced. No sign of M&A spree slowingIf Blackstone and Sixth Street were to snare Warehouse REIT it would be the latest in a relative flurry of take-private and M&A activity among London-listed commercial property companies a theme driven by a need for economies of scale and a broader lack of popularity in real estate among generalist investors leading to weak trading.KKR is in the process of trying to take-private Assura, while last year LXi merged with LondonMetric, Tritax Big Box bought UKCM, Shurgard bought Lok' n Store, Starwood bought BCPT, NewRiver merged with Capital & Regional, GoldenTree-backed Farran bought Abrdn Property Income Trust and Tritax Eurobox was carved up by Segro and Brookfield.Jefferies and Peel Hunt are advising Warehouse REIT. Rothschild is advising Blackstone and Sixth Street. |
Posted at 11/2/2025 08:04 by riskvsreward All IT boards should take notice. Charge linked to nav is nonsense if the share price is at a heavy discount, as either nav is fake, or the management is incompetent to not realise the value of the nav. In either case they are not worthy of being paid by linking to nav. |
Posted at 27/1/2025 16:56 by skyship sf - all well & good; but certainly don't agree with you on this bit:"ignore the divvy and the discount, they confuse the issue imho" Both indicators are fundamental to the value here and in many other REITs. SERE, SHED, SREI, SUPR & WHR all have LTVs in the 33%-36% range WHR has the highest discount at 36.0% and the 2nd highest yield at 8.15% IMO WHR the most likely bid target; along with SHED perhaps. |
Posted at 27/1/2025 16:37 by sigmund freud i have quite a few reits and have finally got round to reading the reports.my take on them all is that large investment companies look on them as bond proxies, and recently bonds have given certainty, whereas reits come with inherent risks of companies. so reits have become a sell and bonds a buy. but recent worries re gilts show that they might not be as safe as we think. and this might well lead on to some reits being particularly good value atm. i am ignoring dividends and discount. in this climate people need certainty. in terms of financial certainty LTV is an important marker, and WHR is relatively low compared to similar reits (33%) i am happy to be challenged on this, but i see LTV in reits as i would %leverage in an IT. so if the asset has been increasing in value you do better with high leverage/LTV, but questions get asked in falling asset value times if a high LTV might lead to horrible sounding terms like breaches of banking convenants. so WHR seems one of the safest reits to me to invest in atm. also their risk mitigation pages read very logically and comprehensively and i saw nothing to worry about. some reits look terrible. it also strikes me that there is consolidation going on. if another company wants to reduce their LTV, WHR is a good buy for them if they can muster the cash. and if interest rates behave and do come down, any purchaser can then ramp up their LTV (as can WHR if it isn't taken out). either way, low LTV=best prospect for future returns. their assets are wanted and tradeable. ignore the divvy and the discount, they confuse the issue imho. and the chart looks stronger than other similar co's, it has support below current sp so i think this is one of the best buys in the sector |
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