Urban Logistics REIT (“ULR”) has announced 19 letting events across >500k sqft space which has delivered >£2m incremental rental income. Lfl rental income on new lettings was +24%; further demonstrating scope for rent reversion delivered through active asset management (and selection). We leave forecasts unchanged, with FY23 finals expected in late June (22/6). We reiterate our BUY recommendation and 190p 12m Target Price, set with reference to our EPRA NAV forecast, noting a 25% discount which ....
09 May 2023
Active asset management delivers >£2m rental uplift
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Active asset management delivers >£2m rental uplift
Urban Logistics REIT plc (SHED:LON) | 110 0 0.0% | Mkt Cap: 518.7m
- Published:
09 May 2023 -
Author:
Andrew Watson -
Pages:
3
Urban Logistics REIT (“ULR”) has announced 19 letting events across >500k sqft space which has delivered >£2m incremental rental income. Lfl rental income on new lettings was +24%; further demonstrating scope for rent reversion delivered through active asset management (and selection). We leave forecasts unchanged, with FY23 finals expected in late June (22/6). We reiterate our BUY recommendation and 190p 12m Target Price, set with reference to our EPRA NAV forecast, noting a 25% discount which ....