Are REITs on course for a recovery? October 1, 2024 Real estate investment trusts (REITs) have had a tough time over the past two years as central banks hiked interest rates and the property market was plunged into a downturn. Not a single one of the 33 REITs listed in London are currently trading at a premium, with the average share price is sitting on [...]
Regional REIT on ‘much stronger footing’ after emergency capital raise September 10, 2024 Commercial property specialist Regional REIT has reported a relatively robust first half despite an emergency capital raise earlier this year and a still-challenging commercial property market. The London-listed firm, which in June issued a £110m capital raise to stave off liquidation, said it had paid off in full its £50m retail bond and that the company is [...]
Tritax Big Box: Profit up as market reaches ‘inflection point’ August 7, 2024 Tritax Big Box, a real estate investment trust (REIT), reported strong first-half trading results and expressed optimism about investment opportunities in the strengthening UK real estate market. Tritax Big Box specialises in managing and investing in logistics-oriented real estate – also known as “big box” properties – which have become especially popular REITs since the pandemic. [...]
Regional REIT: Boost to bottom line as it looks beyond emergency capital raise August 5, 2024 Embattled real estate investment trust Regional REIT was given a boost from exchanges on six big leases in the three months to June, helping it achieve a double digit net rental uplift since the start of the year.
Newriver’s Ellandi acquisition gives boost to results as firm eyes up Capital & Regional bid August 5, 2024 London-listed Newriver REIT's acquisition of Elandi Management helped it buck the downward trend plaguing much of its sector to post a strong operational performance in its first quarter as it tries to sew up a deal for rival REIT Capital & Regional.
Tenants will have to ‘accept higher rents’ June 16, 2024 “Tenants are just going to have to accept higher rents as there’s no property available”, a fund manager told City A.M.
Brookfield Asset Management mulls Tritax Eurobox takeover June 4, 2024 Another real estate investment trust could be about to disappear from the market as a Canadian investment firm chaired by former Bank of England governor Mark Carney is mulling whether to make an offer.