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Abrdn Property (API) Share News

IN BRIEF: abrdn Property quarterly net asset value falls by 20%

3rd Feb 2023 14:08

abrdn Property Income Trust Ltd - commercial property investor - On Thursday says net asset value as at December 31 year-end amounts to 84.8 pence share, down 20% from 106.1 pence as at September 30. For the quarter ended on December 31, total return is negative 19%. Says its portfolio valuation has decreased by 14% on a like for like basis during the quarter, whilst the MSCI monthly index decreases by 16% over the same period. Declares quarterly dividend of 1.0 pence per share. Read More

UK dividends calendar - next 7 days

2nd Feb 2023 15:50

UK dividends calendar - next 7 days

18th Nov 2022 15:45

TRADING UPDATES: Genel backs outlook; abrdn Property Income NAV falls

4th Nov 2022 21:01

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

UK dividends calendar - next 7 days

3rd Nov 2022 15:44

IN BRIEF: abrdn Property Income Trust sells office building in Surrey

2nd Nov 2022 16:20

abrdn Property Income Trust Ltd - commercial property investor - Completes sale of The Kirkgate in Epsom, England for GBP7.7 million, reflecting a net initial yield of 7.25%. The office building was fully-let to 6 tenants with an unexpired term to break of 2.5 years. The price reflects an 11.7% discount to its June valuation. Read More

IN BRIEF: abrdn Property completes extension of debt facility

14th Oct 2022 14:23

abrdn Property Income Trust Ltd - commercial property investor - On Wednesday competes an extension to its borrowing arrangements with the Royal Bank of Scotland International. Says the extension has been agreed for another three-year with a term loan of GBP85 million and a revolving credit facility of GBP80 million. The new facility will start in March 2023 with a margin of 150 basis points over Sterling Overnight Index Average for both the term loan and the RCF. API currently has two loan facilities with the bank. One is a GBP110 million term loan and the other is a GBP55 million revolving credit facility. Both facilities are due to expire in March next year. Read More

IN BRIEF: abrdn Property Income sells industrial investment in London

7th Oct 2022 14:36

abrdn Property Income Trust Ltd - commercial property investor - On Wednesday, said it completed sale of industrial investment in Rainham, East London for GBP21.7 million to an undisclosed buyer. Says sale of asset purchased in 2007 reflects 2.8% yield. "Proceeds of the sales are being used to pay down the drawn revolving credit facility," abrdn explains. Read More

TRADING UPDATES: abrdn Property's NAV rises; Foresight VCT's falls

4th Oct 2022 13:55

(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued last week and not separately reported by Alliance News: Read More

SMALL-CAP WINNERS & LOSERS: Honeycomb merges; Dignity swings to loss

30th Sep 2022 11:06

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More

UK earnings, trading statements calendar - next 7 days

23rd Sep 2022 15:56

UK dividends calendar - next 7 days

19th Aug 2022 16:03

IN BRIEF: abrdn Property Income sells GBP8 million office building

5th Aug 2022 16:36

abrdn Property Income Trust Ltd - UK commercial property investor - Completes the sale of a single-let office building in Kidlington for GBP8.0 million, reflecting a net initial yield of 5.4%. The building is let to Bio-Rad Laboratories Inc on a recently re-geared 10-year lease, with a tenant break option in year five. Says that the building has contributed a 14% annualised return and that the sale is in line with the trust's strategy of reducing office weighting. The proceeds will be reinvested in "more favoured" sectors, it adds. Read More

Value10,638.43

Change-122.90