Hibernia Reit (HBRN)

Sector:

Property Investment Trusts

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  1.36
   
  • Change Today:
     -0.01
  • 52 Week High:  1.5
  • 52 Week Low:  1.3
  • Currency: Euro
  • Shares Issued: 697.59m
  • Volume: 209,490
  • Market Cap:  946.63m
  • RiskGrade: 92
  • Beta: 0.20

Hibernia REIT acquires site in Dublin for 10m euro

Date: Thursday 03 Apr 2014

LONDON (ShareCast) - Hibernia Real Estate Investment Trust (REIT) has made a 10m euro acquisition of a Dubin property which it described as having potential for 'significant intensification'.

The REIT has agreed to acquire the Gateway site at Newlands Cross, which will be financed from existing cash resources.

The property comprises 178,000 square foot of warehouse accommodation and occupies a 14-acre site. It is currently 46% occupied and is producing an annual rental income of €517,000. The current gross yield is 5.12%.

Kevin Nowlan, the Chief Executive Officer of the Investment Manager, WK Nowlan REIT Management, said: "We are very pleased to have acquired an income producing asset with enormous development potential in the medium to long term.

"The site occupies a strategic location adjacent to the intersection of Ireland's two busiest roads and Dublin's light rail system. The current upgrade works being undertaken to the Naas Road will considerably enhance the attractiveness of this property."

It is the third acquisition by Hibernia since listing in December 2013 and will bring total funds invested to approximately €128m.

NR

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Hibernia Reit Market Data

Currency Euro
Share Price   1.36
Change Today   -0.01
% Change -0.37 %
52 Week High  1.5
52 Week Low  1.3
Volume 209,490
Shares Issued 697.59m
Market Cap  946.63m
Beta 0.20
RiskGrade 92

Hibernia Reit Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.28% below the market average79.28% below the market average79.28% below the market average79.28% below the market average79.28% below the market average
54.29% below the sector average54.29% below the sector average54.29% below the sector average54.29% below the sector average54.29% below the sector average
Price Trend
20.82% above the market average20.82% above the market average20.82% above the market average20.82% above the market average20.82% above the market average
22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average
Income
81.43% below the market average81.43% below the market average81.43% below the market average81.43% below the market average81.43% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
12.08% above the market average12.08% above the market average12.08% above the market average12.08% above the market average12.08% above the market average
10.34% above the sector average10.34% above the sector average10.34% above the sector average10.34% above the sector average10.34% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Hibernia Reit Dividends

  Latest Previous
  Interim Final
Ex-Div 03-Jan-19 05-Jul-18
Paid 24-Jan-19 03-Aug-18
Amount 1.50¢ 1.90¢

Trades for 14-Dec-2018

Time Volume / Share Price
17:08 2,592 @  1.35
16:58 48,570 @  1.34
16:48 25,452 @  1.35
16:31 48,111 @  1.35
16:28 910 @  1.34

Hibernia Reit Key Personnel

CEO Kevin Nowlan
CFO Tom Edwards-Moss

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