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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: 120.80
Bid: 120.40
Ask: 121.00
Change: 0.60 (0.50%)
Spread: 0.60 (0.498%)
Open: 120.80
High: 122.20
Low: 119.40
Prev. Close: 120.20
SHED Live PriceLast checked at -
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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Urban Logistics portfolio valuation and net asset value continue to rise

Mon, 14th Oct 2019 09:13

(Sharecast News) - British real estate investment trust Urban Logistics saw the value of its portfolio and net asset value rise in the six months ended 30 September.
Urban Logistics witnessed a 3.8% half-on-half increase in its portfolio valuation to £195m, partly driven by the acquisition of six logistics properties from Connect Group for £9.9m at a net initial yield of 7%.

During the half, the AIM-listed group also acquired two logistics properties let to DHL Parcel UK in Sittingbourne and Thatcham for £5.3m at a 5.9% blended net initial yield

Logistics properties in Nuneaton, Bedford and Dunstable were sold for £18.4m, representing a profit on cost of 61.2% and a total property return of 75.9% - 7.9% ahead of book value, on average.

Unaudited EPRA net asset value was up 5.2% to 145.2p per share since 31 March.

Chief executive Richard Moffitt said: "Urban Logistics remains real estate's top-performing sub-sector and we have again delivered a strong performance for our interim period.

"The results are driven by our asset management activities - notably, increasing rents across our core locations and selling ahead of book values. We remain on track to meet our objectives for the current financial year."

As of 0910 BST, Urban Logistics shares were up 2.59% at 128.75p.
More News
17 May 2019 11:07

Urban Logistics REIT Sells Site In Bedford For Over GBP9 Million

LONDON (Alliance News) - Urban Logistics REIT PLC on Friday said it has sold a site located on Postley Road, Bedfordshire, for GBP9.2 million.The investment trust said the 85,012 square was

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17 May 2019 10:30

Urban Logistics disposes of Bedfordshire site for ?9.2m

(Sharecast News) - Real estate investment trust Urban Logistics has sold a site located on Postley Road, Bedford, for £9.2m, realising a total property return of 74% in the process.

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5 Apr 2019 14:47

Urban Logistics sells site in Nuneaton, buys one in Thatcham

(Sharecast News) - Specialist industrial and logistics real estate investment trust Urban Logistics has sold a site in Nuneaton for £8.1m, it announced on Friday.

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5 Apr 2019 10:37

Urban Logistics REIT Sells Site And Buys Logistics Property

LONDON (Alliance News) - Urban Logistics REIT PLC on Friday said it sold one site and acquired a further logistics property.The real estate investment trust sold a site located in Nuneaton,

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12 Mar 2019 15:03

Urban Logistics REIT Extends Warrant Instrument Deadline To April 13 (ALLISS)

LONDON (Alliance News) - Urban Logistics REIT PLC said it has extended a warrants instrument for shares in the company to April 13 instead of Tuesday.The warrants are for the subscription

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25 Feb 2019 14:33

Urban Logistics REIT To Acquire And Forward Fund Two Logistics Assets

LONDON (Alliance News) - Urban Logistics REIT PLC said on Monday it has agreed to acquire and forward fund two logistics assets in Staffordshire and Leicestershire for a gross development value of

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6 Dec 2018 12:59

Urban Logistics Completes Purchase Of Warehouse Space In Bedford

LONDON (Alliance News) - Urban Logistics REIT PLC on Thursday said it completed the acquisition of the freehold site, located at Hudson Road, Bedford, for GBP17.0 million from 3M Products and real

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18 Oct 2018 14:54

Urban Logistics pleased with first half leasing progress

(Sharecast News) - Specialist UK logistics real estate investment trust Urban Logistics updated the market on its trading on Thursday, following the close of its interim financial reporting period to 30 September, claiming a like-for-like increase of 6.6% in its portfolio valuation since 31 March, to £173.8m.

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18 Oct 2018 13:02

Urban Logistics Exceeds Expectations In Strong Logistics Market

LONDON (Alliance News) - Urban Logistics REIT PLC said it exceeded expectations in a first half that saw its portfolio valuation increase on six new acquisitions.The real estate investment

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10 Sep 2018 12:02

Investment Firm Urban Logistics Buys 2nd Portfolio From LondonMetric

LONDON (Alliance News) - Urban Logistics REIT PLC confirmed Monday that it completed the acquisition of a second portfolio from property firm LondonMetric Property PLC on Friday.This is of

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10 Sep 2018 11:15

Urban Logistics gives more details on portfolio acquisition from LondonMetric

(Sharecast News) - Urban Logistics completed the second of two portfolio acquisitions totalling £36m from LondonMetric on Friday, it confirmed on Monday morning.

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24 May 2018 16:18

Urban Logistics Lifts Dividend As Income And Profit More Than Double

LONDON (Alliance News) - Urban Logistics REIT PLC, which recently changed its name from Pacific Industrial & Logistics REIT PLC, said on Thursday that it recorded an annual rise in net asset a

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