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Watched the presentation today but can't say I learned anything of significant note.
Things going reasonably well and divi covered even after rising above pre covid levels.
Expecting NAV to reduce slightly before things start to improve. Some small sales expected. Income expected to improve. Highish voids (IMO) but should reduce slightly in time.
Nothing on the EPIC properties but I'd expect that even if they were bidding. My gut is they are not in the running.
Not sure where the good capital growth is coming from.
This REIT has held up very well relative to its peers. Solid dividend and likely capital growth from this low point. Been slowly accumulating from my dividend pot for long term pension income. Where else can you get 7%+ yield and good capital growth prospects?
Well just when you think things are on the up, Mr Market has his say.
Most of my PF down today, I wonder what caused it to spook. Still I managed to get the LGEN shares I was after.
I suppose its sit back and wait for the dividends now.
Yes the report looked good and the behind the scenes the circumstances were worse than reality. A divi bump helps.
Anyway my LGEN buy didn't happen and the price has risen. So being unlikely to get in there at my wanted price I have decided to spend the proceeds here.
The metrics look good and the share price should follow. I suppose another rate rise might put a damper on Reits again but shouldn't affect this too much.
Agree, the Reit I own I am most comfortable with.
Looks good to me. Nice dividend lift, fully covered. As expected property prices lower, but that's the current market!
Looks very cheap against the Blackstone deal for Industrials REIT. Must be due a re rate or bid approach.
With the large discount, high yield paid quarterly. I have decided to add more. The last lot I bought are under water by approx 15.4% so this should even out the average a bit.
I assume interest rate rises, utility bills and inflation are dragging this down somewhat and a change of leader. I don't know how much bad news is priced in or how much further there is to go. Hopefully some extra dividends going forward will help.
See you again after another 15% drop (it looks like its already started)
With the large discount, high yield paid quarterly. I have decided to add more. The last lot I bought are under water by approx 13% so this should even out the average a bit.
I assume interest rate rises, utility bills and inflation are dragging this down somewhat. I dont know how much bad news is priced in or how much further there is to go. Hopefully some extra dividends going forward will help.
It will be interesting to hear what they have to say tomorrow. I suspect it will be good news generally.
Nice to see buy back started. Authorised to buy back roughly 15% of the shares at a price up to NAV.
Buy back will be good. Hopefully will increase yield going forwards. Already topped up again late last week.
Yes the results look good but from memory I think they bought most of that after doing a big ish buy recently . Still it nice to see the divi bumped again and the LTV trending lower.
SP has dropped off its highs but for me the divi need to get back to its high from the cut a few years back.
Been slowly investing in here for a while. One of my favourite REITs. It's been a great place to put my dividends from elsewhere.
A bit of an uptick today for some reason and this looks like is approaching new highs. Im not sure why UKCM reported today but can see much in there to read across plus the bump here started well after 8am
These go ex divi shortly, I assume that's way they are holding up reasonably well in the current market. I considered topping up a different REIT but its dropped a lot more post ex divi and I wonder if this will do the same.
Rent bump - tick
Nav bump - tick
divi bump - tick
So this as gone as expected and is now still on a bigish discount and the yield is looking better matching pre pandemic levels. Normally I would expect the SP to rise on the news but other events might put the brakes on.
Im even tempted to add more now I have created a little wiggle room in the PF
With funds from the UKCM sale I have added another lump of these before the results come out shortly. Im expecting an increase in NAV, rent and hopefully another bump in dividend at some point in the year.
Not sure why they are paying out in July and Aug this year rather than a more space out period. Hope they keep a Dec payment.
Well I decided to add a few yesterday morning anyway. The divi is also rising again and almost back to pre pandemic levels.
Add to that some of the new deals and increases in income upcoming things are looking OK. Its still at a 18% discount to NAV, not as good as previous history but still decent. They are also considering an extra £20m rcf to add more of the pipeline.
On a personal level it add more income in my lower paying months so will help out leveling up those weaker areas.
I'm expecting a decent set of results tomorrow and a return to more of a normality. I had expected to top up prior to the results but missed out for various reasons.
Hopefully the market will over react the wrong way and I can add a few but it seems unlikely. I suppose the only question is over the divi levels going forward.
I suppose this is "as expected", office and industrials good and retail still suffering slightly. The Cheadle, Stanley Green Trading Estate £8m investment looks interesting if it comes off.
A slight improvement in rent collection overall but I don't know how that will play when it comes to dividends but we will find out in November. I suspect the covid news at that time might play on the thinking. Will winter lead to another spike and lockdowns? Hopefully things will be better this time around.
Another update, along the same lines. The dividend bumped by 3% too on prior quarter.
Freedom day today as its termed although the signs don't look good. Hopefully things will pan out better than expected. Not sure we can afford to close down for long as we did like the first time.
The clouds should be clearing but up wind, it doesn't look great. Hope it blows by.
Up around 5% today - anyone know why?
Relatively Positive update today bucking the market downward trend.
Rents still being collected and some increased mainly the "normal" worry on retail. Hopefully with spring and a vaccine approaching things will start to improve, hopefully not to late for some.
I think it a case of waiting and waiting until the improvement arrives, till then you have a reasonable quarterly dividend to look forward too. I don't expect much change in that currently.
Relative to the cessation
Relative to the resumption at much lower levels
but not relative to previous levels.
“Philosophers play with the word, like a child with a doll. It does not mean that everything in life is relative.”
? Albert Einstein
Still, Im glad its back and then upped some.