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Phoenix Spree Deutschland Fund >
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Phoenix Spree Deutschland - Flexibility to extract value

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  • 15 Jun 2021

Phoenix Spree Deutschland - Flexibility to extract value


Phoenix Spree Deutschland Fund (PSDL:LON) | 344 27.5 2.4% | Mkt Cap: 317.3m


  • Edison
    • Martyn King

    • 9 pages

REITs - Diversified image


 
REITs - Diversified image


The repeal of the Berlin rent cap (the ‘Mietendeckel’), ruled unconstitutional, is a significant positive for Phoenix Spree Deutschland (PSD). It allows a resumption of its core reversionary rent strategy, providing greater flexibility in the extraction of the value embedded in the portfolio. With a continuing discount to net assets, the board has stepped up the share repurchase programme, aiming to ensure that the share price better reflects its view of intrinsic value and the improved outlook.

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Phoenix Spree Deutschland - Flexibility to extract value


Phoenix Spree Deutschland Fund (PSDL:LON) | 344 27.5 2.4% | Mkt Cap: 317.3m


  • Published: 15 Jun 2021
  • Author: Martyn King
  • Pages: 9
  • Edison


The repeal of the Berlin rent cap (the ‘Mietendeckel’), ruled unconstitutional, is a significant positive for Phoenix Spree Deutschland (PSD). It allows a resumption of its core reversionary rent strategy, providing greater flexibility in the extraction of the value embedded in the portfolio. With a continuing discount to net assets, the board has stepped up the share repurchase programme, aiming to ensure that the share price better reflects its view of intrinsic value and the improved outlook.

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Phoenix Spree Deutschland - Positive return to core strategy

Companies: Phoenix Spree Deutschland Fund

Edison

LIBERUM: Phoenix Spree Deutschland* - Continued momentum, 5% revaluation gain

Companies: Phoenix Spree Deutschland Fund

Liberum

Phoenix Spree Deutschland - Delivering on reversion strategy

Companies: Phoenix Spree Deutschland Fund

Edison

LIBERUM: Phoenix Spree Deutschland* - Future growth supported by reversionary potential

Companies: Phoenix Spree Deutschland Fund

Liberum

Phoenix Spree Deutschland - Good H1 growth and return to core strategy

Companies: Phoenix Spree Deutschland Fund

Edison

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