Urban Logistics REIT (“ULR”) has announced it has acquired a further £90m assets – at a 4.5% blended net initial yield – across five properties, four of which are currently let and income-producing. The five new assets include a significant warehouse of 97k sqft in West London with attractive reversion potential. We leave forecasts unchanged and note ULR currently trades at an 18% discount to FY23E EPRA NAV, which in our view fails to reflect the value and potential inherent in the current portf ....

25 Aug 2022
£90m acquisitions as deployment progresses

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£90m acquisitions as deployment progresses
Urban Logistics REIT plc (PCILF:OTC) | 0 0 0.0%
- Published:
25 Aug 2022 -
Author:
Andrew Watson -
Pages:
3 -
Urban Logistics REIT (“ULR”) has announced it has acquired a further £90m assets – at a 4.5% blended net initial yield – across five properties, four of which are currently let and income-producing. The five new assets include a significant warehouse of 97k sqft in West London with attractive reversion potential. We leave forecasts unchanged and note ULR currently trades at an 18% discount to FY23E EPRA NAV, which in our view fails to reflect the value and potential inherent in the current portf ....