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Maybe something is going on, or maybe tipped somewhere? Quite a few chunky trades going through again, after a bit of a lul. A bid would not surprise me because they have an excellent portfolio and great management team. So far below true value ATM
Excellent results and excellent divi this week perhaps? Should be higher IMO given the stability and growth in earnings this REIT has shown. Discount to NAV quite ridiculous.
What’s occurring here now ? No RNS ?
Started: rylidan, 6 Jun 2024 07:21
Last post: Dodger777, 9 Jun 2024 17:23
Just watched the presentation too. Happy with the way things are going especially re future dividends (hopefully)
I’ll definitely be adding on any future share price weakness.
Just finished watching the investor meet presentation, very nice.
Looks good for future dividend growth.
Another great presentation by Nick and Bradley. Looking very strong for future growth. Well worth a listen if you didn't attend. Available on investor meet.
Good results with the NAV falling less than I thought it might be. Nice to see dividend increase too.
Not in a position to add, but a comfortable hold for me.
I like
"4% increase in dividends paid during the financial year to £16.4 million, or 3.34 pps (31 March 2023: £15.8 million, or 3.22 pps), fully covered by EPRA earnings"
Plus, a further increase in dividend likely this FY
Started: Nthoftheriver, 23 May 2024 13:20
Last post: Dodger777, 24 May 2024 10:48
Trust me, you are not alone nthoftherover in buying at all the wrong times, I’m an expert at it 😆
Update on the 6th June probably more of a factor. Inflation still dropping. Interest rates will need to fall soon IMO. It's all down to the stupid tories who have given the BOE a 2% target. So it seems the economy will suffer until we get to 2%. If the target had been phased then we may have seen the country recovering quicker.
Lol, yes knowing my ability to time investing, it might well drop back to that area.
Will probably add more should it do that. (Funds allowing)
I’m was tempted to add a few more but holding off to see if it gets nearer the 40/41 mark again. Interest rate cut I’m assuming is delayed a few months so opportunity might appear in next couple of months.
Now hold 50K shares, adding on pull back. I suppose the interest rate not coming down has probably stalled a recovery, but hope sentiment improves through summer. Might need to clear elections now for that.
Started: Nthoftheriver, 9 Apr 2024 17:16
Last post: Nthoftheriver, 9 Apr 2024 17:16
Well I’m hoping so.
Only hold 20K shares here, recently added. Can’t add more at present but hope to build a bigger position as the year progresses.
Started: TheLoaf, 8 Apr 2024 15:15
Last post: Kiwitwo, 8 Apr 2024 16:54
I brought in with a small amount , hopefully for the dividend to be the same this year as last, buying shares at 44p with a dividend of 32p what would be a fantastic return.
I've been lucky to receive £1k if dividend over the last 2 weeks & decided to put them all into this on Friday.
Started: Troajan, 30 Mar 2024 22:18
Last post: rylidan, 4 Apr 2024 13:15
Been range bound from 42p to 45p for quite a while. Drops below very occasionally and goes above occasionally. Been trading a bit for the past year on top of a core holding, but this is looking very much like it could try a breakout!
2nd tranche added.
Me too @ 11am
Never traded this before but seems a fair quarterly income so in for a 1st tranche sub 44p
Hadn’t seen that article, but looked at the recent investor meet interview and dipped a toe into this trust this morning. Annoying that they marked things up, but will be adding more soon along with JLEN to my income PF.
Started: Gerry557, 8 Jan 2024 16:48
Last post: rylidan, 8 Mar 2024 16:48
I believe 98% covered in Q3, but fully covered for year to date - which is how I remember the presentation. Then they are also forecasting being fully covered for full year. Some exceptional costs in Q3.
Rylidan
Dividend cover was 98% not fully covered but there are rent uplifts to come which should help. Additionally they are also letting some of the vacant and or new space. Stanley is now 60% let with another 20% in advanced negations and high hopes that it will become fully let.
Also planning to sell some smaller properties if they can get the valuations to bring down the NAV back inside the 35% self imposed mark. Currently under 37% but will allow them to reduce the more expensive RCF debt side of things.
Yes the Starbucks thing looks interesting but I wonder why Starbucks are willing to give away so much. Maybe because I cant afford their coffee!
Dividend paid 28 Mar 24 @ 0.836p was 0.819 last March
Ex divi 7th Mar 24
He shoots but hits the post. Was close though.
Even selling properties at a premium and more lets progressed. So things should be on the right track for the investor meeting on Thursday 7 March 2024 at 2.00 pm GMT.
Not sure why the big sell off after the results. NAV reduction beats MSCI Index. Fully covered dividend from earnings at 8%.
Seen comments about the Starbucks deal. However I believe the benefits of having a Starbucks on this estate was covered at the last investor meeting. I believe its one of those win win deals, that increases desirability of the complex as a whole.
GLA
Probably ex div 29 Feb 2024 and paid 19 Mar 2024 but might slip due to Feb not having 30 days.
Expect an RNS next week
Started: Gerry557, 9 Aug 2023 14:47
Last post: Mathsman, 29 Dec 2023 18:19
.
In the cotext of ESG the words that it stands for mean nothing like you would imagine or have ever known them to
Check it out.
.
You sound like an old school Tory with your head buried in the sand. Get real, the world is changing.
Go woke go broke.
If i was looking for a unit i'd be looking for the best value on the best terms. Running a business hard you wouldn't want your capital spent on inflated rent to satisfy a fad. I'm sure the workers at the business morale would be better served by a pay rise than a solar panel
Crass Stupidity is a disease of the out of touch fund managers and politicians
I said it 3 months ago, but their focus on ESG property is spot on. Also mentioned the progressive dividend fully covered by income. At 7.5% current return seems very good value.
Also REITs are also looking very oversold as a sector, and just starting to turn upwards IMO. GLA
I said it 3 months ago
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!
Last post: Corriedog, 4 Apr 2023 14:23
Looks very cheap against the Blackstone deal for Industrials REIT. Must be due a re rate or bid approach.
Started: Gerry557, 15 Sep 2022 12:11
Last post: Gerry557, 20 Oct 2022 17:28
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.
Started: Gerry557, 2 Aug 2022 21:04
Last post: Gerry557, 2 Aug 2022 21:04
It will be interesting to hear what they have to say tomorrow. I suspect it will be good news generally.
Started: rylidan, 7 Jun 2022 11:35
Last post: rylidan, 28 Jul 2022 19:36
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.
Last post: Gerry557, 14 Apr 2022 17:29
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
Started: Gerry557, 5 Feb 2022 10:10
Last post: Gerry557, 8 Mar 2022 11:14
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.
Started: Gerry557, 22 Nov 2021 18:05
Last post: Gerry557, 24 Nov 2021 05:59
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.
Started: Gerry557, 20 Sep 2021 11:11
Last post: Gerry557, 20 Sep 2021 11:11
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.
Started: Gerry557, 29 Jan 2021 09:05
Last post: Gerry557, 19 Jul 2021 08:59
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.
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.
Up around 5% today - anyone know why?
Last post: Gerry557, 20 Nov 2020 09:41
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.
Finally some action. Nice to see the Divi increase as well.
LSE not showing the RNS's ???
Quite a good update today baring the technical issues with the presentation, more things getting back to normal. Divi increased as covid is having lesser effect. Some wanted more divi but they are playing safe and its still lower than pre covid levels.
So with more buybacks and a better outlook the SP has risen strongly over 13%. Not great for the buyback but still offering 5.79% quarterly income which should rise a bit more in time assuming covid is tamed. My last buy is heading towards sell territory but I suspect I will hold and see if they can get into double digit income yield. I note a few fallers so will have to look at what Mr market is doing to the rest of my shares.
As expected, retail the area struggling to keep up with payments but offset by additional rental income agreements, assuming these get paid of course.
The update looks fairly positive overall maybe I was expecting it to be much worse. The trend in covid not helping much either although shops seem to be better able to deal much better then when the first lock down started. Maybe once some of the zombies go under the remaining companies will become stronger and survive.
Found the following interesting
"The Company has been informed by the independent valuers that the industry-wide material valuation uncertainty clause is to be removed for the next valuation on 30 September 2020"
?????
Started: warren1907, 5 May 2020 16:57
Last post: Gerry557, 25 Aug 2020 22:57
Any advice on what to be wary of, if anything? - Going bust!
Although I dont think that will happen. With a recession though, many will struggle which could impact on companies abilities to pay and soften rent prices going forward. Im hoping that its more likely that things will start to improve and things will be better than the 50% cut in divis. Hopefully in a couple of years some sort of normality will return.
Its offering a 5% buy yield currently, could it get back to 10% if things go back to normal. SP is at lows and well under 200 day average so I have added some more today. Now just need rents to keep coming in and arrears to reduce and for them to keep some dividends flowing. As rent collection is above divi levels and this a REIT so maybe more to come sooner rather than later
Hi all, am new here, dramatic drop recently pricked my interest and seems to be for obvious reasons in current climate with diminished likelihood of next dividend(s). However, that aside and in the medium-term, looks to be no-brainer if and when dividend is reinstated provided IIs stay put. I did notice profit had reduced over recent years but balance sheet looks strong. Any advice on what to be wary of, if anything?
Started: Gerry557, 6 Apr 2020 16:17
Last post: Gerry557, 6 Apr 2020 16:17
I note that the dividend has been deferred or might get cut. Hopefully deferred to when times are more settled and the future look brighter. That should give them a quarter to sort some things out
Started: fatprofits, 28 Mar 2020 12:57
Last post: fatprofits, 28 Mar 2020 12:57
As of late yesterday.
My timeframe is a 5 years plus hold.
Markets hit hard and this now lower than the top up. Often markets recover slightly after big falls and the positive update might help Steady the ship today.
I suspect CV19 will dominate the news for a while and markets will be volatile for that time. Hopefully your pockets are long enough to ride out the storm
Between cv19 and a Brexit no deal being potentially back on the cards, the markets have taken a battering.
They say buy on the dips so I did. My limit order finally kicked in so hopefully will gain some of those increased in percentage dividends coming this way. Is this the bottom? Probably not but the offer is on the table now and if you wait too long you might miss the boat.