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Pin to quick picksUrban Logistics Share News (SHED)

Share Price Information for Urban Logistics (SHED)

London Stock Exchange
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Share Price: 119.20
Bid: 119.20
Ask: 119.80
Change: 1.00 (0.85%)
Spread: 0.60 (0.503%)
Open: 118.00
High: 120.00
Low: 117.80
Prev. Close: 118.20
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Urban Logistics REIT is an Investment Trust

To invest in a diversified portfolio of well-located, fit-for-purpose last mile or regional logistics facilities in the UK and engage in active asset management to leverage and enhance returns.

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Sunday shares tips: Hammerson, Tritax Big Box

Sun, 28th Jun 2020 20:23

(Sharecast News) - The Sunday Times's Sam Chambers thinks readers should 'sell' shares of Hammerson.







Writing in his 'Inside the City' column, he explain that, like rival Intu, Hammerson misjudged the "corrosive effects" of online shopping for its bricks-and-mortar rivals.

So too, the company was loaded up with debt.

Hammerson's incoming boss chairman, Rob Noel, may be forced to go cap in hand to investors even as some analysts worry that, absent asset sales, the company may breach its debt covenants.

Complicating matters, Intu's lenders may now push for a 'fire sale' of its 17 shopping centres, which in turn may lead valuers to write down Hammerson's assets.

Furthermore, Hammerson's rent collection may continue to fall in the second quarter after the moratorium on tenant evictions was extended until September.

South Africa's Lighthouse Capital has taken a 15.1% stake in Hammerson, prompting talk that the company could be taken private and restructured "away from the glare of the public markets".

Even so, Chambers concluded that "The shares are trading at bombed-out levels for very good reasons. Just ask Intu's shareholders. Sell."



The Mail on Sunday told investors to give listed warehouse operators Tritax Big Box, Warehouse REIT and Urban Logistics a look, singling out the former for special attention.

Even if the Covid-19 pandemic was the chief driver behind the recent surge in online shopping to 33% of consumers' total spend, for many the shift towards shopping on the internet will stick, the tipster argued.

"The best among these firms offer a blend of generous income and steady capital growth, combined with a strong element of stability," Midas added.

In the case of Tritax, Midas points out its recent announcement of plans to develop a 2.3m square foot building, likely for Amazon.com, a sign of its success.

And to its share price gains one must add the annual income from dividends of over 4% in recent years.

Midas also highlights how the majority of its rents come from e-commerce, food retail and logistics.

Warehouse REIT is slightly different in that it specialises in so-called multi-let industrial sites, in which each space is sub-divided into multiple smaller ones.

Its client list includes big names, including Amazon, John Lewis and Laithwaites, as well as hundreds of smaller businesses.

A cash call is now under way to fund its extension plans and retail investors have until Friday to subscribe for new shares.

"If the market price rises above £1.10 in the next few days the offer looks attractive," Midas said.

"Bird and his team are also incentivised to succeed as they own around 8per cent of the shares. Bird himself has put all his Isa funds into the new fund-raise."

As for Urban Logistics, the company's sites were designed for single occupancy, such that all its tenants were big businesses, including

DHL, Sainsbury's and Boots.

The company, which prides itself on generous payments, collected 100% of its rent due in the quarter to June, Midas highlighted, terming it "an almost unparalleled achievement in the property industry".

Looking ahead, the group expects to increase its portfolio and is already eyeing up a pipeline of assets worth more around £230 million.

"Looking ahead, Tritax is probably the safest bet and cautious investors may want to place most of their bets with the big box specialist.

"But Warehouse and Urban Logistics are both well-run businesses with ambitious managers. They too have a place in the income-seeker's portfolio."

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Urban Logistics admitted to Main Market, delisted from AIM

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UK shareholder meetings calendar - next 7 days

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5 Nov 2021 15:54

IN BRIEF: Urban Logistics acquires three properties for GBP29 million

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5 Nov 2021 12:23

Urban Logistics spends £29m buying three properties

(Sharecast News) - Specialist property investor Urban Logistics announced the acquisition of three assets in October on Friday, for total consideration of £29m at a blended net initial yield of 6.7%.

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26 Oct 2021 12:39

Berenberg says 'buy' Segro, Tritax EBox in sector note

(Sharecast News) - Segro, Tritax EBox, Warehouse REIT and Industrials REIT will be the biggest gainers from rising demand for industrial and logistics real estate, Berenberg said as it launched coverage of the subsector.

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26 Oct 2021 09:46

LONDON BROKER RATINGS: Berenberg positive on property investors

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25 Oct 2021 13:54

IN BRIEF: Urban Logistics REIT plans move to main market in London

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25 Oct 2021 09:44

Urban Logistics mulling main market listing after recent rent progress

(Sharecast News) - Property investor Urban Logistics issued a positive trading update following the close of its interim period ended 30 September on Monday, reporting 99.4% occupancy across 91 logistics properties.

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20 Oct 2021 20:26

IN BRIEF: Urban Logistics REIT buys two properties for GBP15.1 million

IN BRIEF: Urban Logistics REIT buys two properties for GBP15.1 million

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Urban Logistics makes several acquisitions following fundraise

(Sharecast News) - Urban Logistics updated the market on its recent acquisitions on Wednesday, reporting that since its July equity raise of £109m, it has deployed, or committed to deploy, £88m of it on 771,748 square feet of logistics units in six "off-market" transactions.

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