Central London offices ‘top pick’ for UBS real estate analysts Investing London office real estate investment trusts (REITs) like British Land are the “top pick” for UBS analysts, as interest in the capital has surged since the start of the year. As property investors seek to move away from the US to avoid the uncertainty created by president Donald Trump, the UK has been one of [...]
Segro: Data centre demand fuels growth at warehousing giant Business Warehousing giant Segro has reported a double-digit jump in profit driven by demand for data centres and improving investment market conditions. Shares were flat in early trades. Adjusted profit before tax at the FTSE-100 real estate investment trust (REIT) grew 14.9 per cent in the year ended December 31 to £470m. Adjusted earnings per share rose 5.5 per [...]
Grainger: Property giant benefits from higher rents and small landlord exits Property Property giant Grainger has reported double-digit growth in income driven by higher rents and the exit of private landlords from the rental market. Grainger, the UK’s largest listed provider of private rental homes, told markets this morning that total net rental income grew by 15 per cent in the four months to the end of [...]
The five REITs primed to be bought next October 26, 2024 Real estate investment trusts (REITs) have been dropping like flies this year, as competitors increasingly pursue mergers to grow their size, and many have begun to speculate about which one might be next to go. The largest merger of the year was LXI REIT, which was bought out by Londonmetric Property at the start of [...]
PRS REIT reveals ‘excellent’ results as strategic review looms October 8, 2024 PRS REIT has revealed a set of strong results as the trust gears up for a strategic review following a shareholder row. The real estate investment trust reported an 11 per cent uplift in the value of its underlying assets, as rental income on its private housing portfolio surged 12 per cent on a like-for-like [...]
Build more data centres or lose AI race, London warned October 6, 2024 Britain can cement itself as a leader in generative AI, but it needs to scale up its digital infrastructure, according to the UK and Ireland managing director of data centre REIT giant Digital Realty. Speaking to City AM, Séamus Dunne said building more data centres in the capital is crucial to support the next phase [...]
British Land splashes out on portfolio of retail parks October 3, 2024 Property giant British Land announced this morning that it has acquired a portfolio of seven high-quality retail parks for £441m. The company said the deal would be funded from existing resources as well as an equity placing of approximately £300m, by way of an accelerated bookbuild offering. The group acquired the retail parks from Canadian [...]
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 [...]
Real Estate Investors: Property downturn ‘at or near the bottom’ September 23, 2024 "A normalising market backdrop will contribute to more rapid sales and debt repayment, allowing us to execute our strategy and return capital to shareholders, whilst continuing to pay a covered dividend," he said.
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 [...]