Urban Logistics Reit (SHED)

Sector:

Property Investment Trusts

Index:

FTSE AIM All-Share

 133.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 134.45
  • 52 Week Low: 113.50
  • Currency: UK Pounds
  • Shares Issued: 87.75m
  • Volume: 24,072
  • Market Cap: £116.71m

Urban Logistics disposes of Bedfordshire site for ?9.2m

By Iain Gilbert

Date: Friday 17 May 2019

LONDON (ShareCast) - (Sharecast News) - Real estate investment trust Urban Logistics has sold a site located on Postley Road, Bedford, for £9.2m, realising a total property return of 74% in the process.
The 85,012 square foot site, purchased for £5.5m at the time of Urban Logistic's IPO in April 2016, was sold to Apperly Estates. However, a piece of development land, which Apperly was given an option to acquire for a further £500,000 if planning permission was granted, was not included in the disposal and will be retained by the AIM-listed REIT.

Chief executive Richard Moffitt said: "I am extremely pleased with this disposal which has realised a very strong return for shareholders three years on from purchase.

"Since our IPO we have achieved considerable success creating then realising value across our portfolio once available asset management initiatives have been completed."

Looking forward, Moffitt vowed that Urban Logistics would remain "selectively acquisitive" and that its extensive pipeline of opportunities continues to be focused on properties that serve the "last mile" needs of its diverse tenant base, but especially those within the e-commerce and supply chain sectors.

At 1130 BST, Urban Logistics shares were up 0.74% to 122.90p.

Email this article to a friend

or share it with one of these popular networks:


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

 

SHED Market Data

Currency UK Pounds
Share Price 133.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 134.45
52 Week Low 113.50
Volume 24,072
Shares Issued 87.75m
Market Cap £116.71m

SHED Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.57% above the market average0.57% above the market average0.57% above the market average0.57% above the market average0.57% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Price Trend
73.85% above the market average73.85% above the market average73.85% above the market average73.85% above the market average73.85% above the market average
45.95% above the sector average45.95% above the sector average45.95% above the sector average45.95% above the sector average45.95% above the sector average
Income
63.42% above the market average63.42% above the market average63.42% above the market average63.42% above the market average63.42% above the market average
58.82% above the sector average58.82% above the sector average58.82% above the sector average58.82% above the sector average58.82% above the sector average
Growth
72.98% above the market average72.98% above the market average72.98% above the market average72.98% above the market average72.98% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SHED Dividends

  Latest Previous
  2nd Interim 1st Interim
Ex-Div 06-Jun-19 29-Nov-18
Paid 28-Jun-19 14-Dec-18
Amount 4.02p 2.98p

Trades for 22-Oct-2019

Time Volume / Share Price
10:53 50,000 @ 132.00p
14:12 400 @ 134.25p
13:08 222 @ 134.28p
12:52 3,700 @ 134.30p
10:53 18,500 @ 134.00p

SHED Key Personnel

CEO Richard Moffitt

Top of Page