10 Sep 2021 07:00
Edison Investment Research Limited Raven Property Group (RAV): Increasing rents and property valuations 10-Sep-2021 / 07:00 GMT/BST
London, UK, 10 September 2021
Raven Property Group (RAV): Increasing rents and property valuations With the Russian economy recovering to pre-pandemic levels and e commerce activity continuing its strong pace of growth, the Russian warehouse market, in which Raven Property Group is a leading long-term investor, is performing strongly. Low vacancy, a lack of new supply and increased construction costs are driving accelerated rental growth, and this is supporting capital values, despite a significant rise in interest rates.
While rising debt costs squeeze income, capital growth is likely to drive near-term returns. Strong growth in H121 net assets per share leaves the ordinary shares on a c 50% discount to our estimated H121 EPRA NRV of 61p per share despite the recent rise in the share price. The preference shares currently yield c 10%. Click here to view the full report or here to sign up to receive research as it is published.
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1232492 10-Sep-2021
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