Urban Logistics REIT (“ULR”) has announced it has acquired a further £72m assets – at a 4.6% blended yield – since the last update in February. £140m capital has been deployed since the £250m December equity raise, maintaining the expected pace of investment. The 4 new assets include ULR’s first Central London investment in Battersea. We leave forecasts unchanged: noting only a modest 5% premium to FY22e EPRA NAV, attractive given embedded rental reversion opportunity, and a 4% dividend yield gr ....

28 Mar 2022
£72m acquisitions, deployment progresses at pace


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£72m acquisitions, deployment progresses at pace
Urban Logistics REIT plc (SHED:LON) | 161 -1.6 (-0.6%) | Mkt Cap: 759.9m
- Published:
28 Mar 2022 -
Author:
Andrew Watson -
Pages:
3 -
Urban Logistics REIT (“ULR”) has announced it has acquired a further £72m assets – at a 4.6% blended yield – since the last update in February. £140m capital has been deployed since the £250m December equity raise, maintaining the expected pace of investment. The 4 new assets include ULR’s first Central London investment in Battersea. We leave forecasts unchanged: noting only a modest 5% premium to FY22e EPRA NAV, attractive given embedded rental reversion opportunity, and a 4% dividend yield gr ....