Last checked at 
3 Mar 2022 11:45
The following amendment has been made to the 'Inclusion in FTSE and EPRA indices' announcement released on 3 March 2022 at 9:23:21 under RNS No 5254D.
The date from which the addition to the EPRA/NAREIT Index Series will be implemented has been clarified as Monday, 21 March 2022.
All other details remain unchanged. The full amended text is shown below.
3 March 2022
Urban Logistics REIT plc
("Urban Logistics" or the "Company")
Inclusion in FTSE and EPRA indices
Urban Logistics (LON: SHED), the last mile, last touch logistics focused REIT, is delighted to announce that FTSE Russell has confirmed that the Company will be added as a constituent of the FTSE 250 and FTSE All Share Indices, to be implemented after the market close on Friday, 18 March and to take effect from the start of trading on Monday, 21 March 2022. Furthermore, the Company has also satisfied the required eligibility criteria to be added to the FTSE EPRA/NAREIT Global Real Estate Index Series which will be confirmed on Monday, 7 March 2022 and will be implemented after the market close on Friday, 18 March and to take effect from the start of trading on Monday, 21 March 2022.
Listed on AIM in 2016, Urban Logistics is the only London listed REIT purely focussed on mid-sized warehouse assets in key urban last touch locations, with strong tenants who deliver critical goods and services the last mile to the end-user. With assets located primarily in the South East and Midlands, where key supply chain routes are located, tenants include Amazon, GXO, DHL, Hermes, DPD, Boots, Unipart (for NHS) and J Sainsbury Plc.
Led by a management team with specific logistics experience within the broader real estate market, Urban Logistics has pursued an income and total return strategy through active asset management, regularly raising funds to build its portfolio, often with highly attractive off-market acquisitions. As at the September 2021 interim results, the Company had delivered a 14.6% pa average total accounting return since IPO, with total dividends declared so far of 38p per share.
Urban Logistics is continuing to pursue an ambitious growth trajectory, underpinned by significant resilience due to the vital role which it plays in the security and efficacy of the UK's supply chain, the importance of which has been brought sharply into focus by recent and current geopolitical events.
Nigel Rich, Chairman, commented:
"This marks a major milestone on our journey, which began in 2016 on AIM with a market capitalisation of £10 million. We continue to see compelling opportunities for further growth and today's news will substantially increase the Company's stockmarket profile and help diversify our investor base. I would like to thank our shareholders for their support in our journey thus far and we look forward to working together on this next chapter in the Urban Logistics story."
Richard Moffitt, Chief Executive, added:
"More than five years on from our initial IPO the Urban Logistics investment proposition continues to present a compelling financial case.
Urban Logistics has grown to become a major player in last mile, last touch urban logistics, now with a portfolio of 111 strategically located assets in existing and emerging logistics hubs. Urban Logistics focuses on high quality tenant covenants where its buildings play a key role in the occupiers' business infrastructure underpinning our strong rent collection, cash flow and dividend track record. Across the market tenant demand continues to outstrip supply in the market boding well for future capital and income growth.
Thanks go to the Urban Logistics Board and the investment management team for all of their efforts and to all of our stakeholders for their continued support and encouragement.
Looking to the future, our portfolio of well acquired assets, our acquisition pipeline, asset management initiatives underway and our financial flexibility, position us to continue to drive value for our shareholders."
- Ends -
Urban Logistics REIT plc Richard Moffitt
| +44 (0)20 7591 1600 |
Buchanan Helen Tarbet Simon Compton George Beale
| +44 (0)20 7466 5000 +44 (0) 7872 604453 +44 (0) 7979 497324 +44 (0) 7450 295099 |
Singer Capital Markets - Joint Broker James Maxwell / Alaina Wong / Oliver Platts (Corporate Finance) Alan Geeves / James Waterlow / Sam Greatrex (Sales)
| +44 (0)20 7496 3000 |
Panmure Gordon (UK) Limited - Joint Broker Chloe Ponsonby (Corporate Broking) Emma Earl (Corporate Finance)
| +44 (0)20 7886 2500 |
About Urban Logistics REIT
Urban Logistics REIT plc (LON: SHED) is a London Main Market property investment company. The Company is the only listed London-listed REIT to focus on specialist last mile / last touch logistics assets, with a tenant base which delivers essential goods within the UK. The Company's strategy is to invest in mid-sized logistics properties with the objective of generating attractive dividends and capital returns through active asset management.
Urban Logistics' investment management team, led by Richard Moffitt and Christopher Turner, has over 50 years' experience in investing in the logistics market within the broader real estate market. The team's ability to source vital and strategically located mid-sized single let properties, with high-quality tenants, off-market at favourable terms, creates considerable value for shareholders. Tenants include Amazon, GXO, DHL, Hermes, DPD, Boots, Unipart (for NHS) and J Sainsbury Plc.
Buying well and pursuing additional value enhancing asset management initiatives has driven the Company's growth, enabling Urban Logistics to grow from a £10m market cap company at IPO in April 2016 to over £800m at present.