UK earnings, trading statements calendar - next 7 days
13th Jun 2024 16:05
(Alliance News) - Urban Logistics REIT PLC on Wednesday reported that it saw continued progress in the fourth quarter of its financial year, which it said was marked by significant like-for-like rental increases and a number of new lettings. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning: Read More
(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
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Abrdn Property Income Trust Ltd on Thursday provided an update on the proposed all-share merger with Custodian Property Income REIT PLC. Read More
<p>(Alliance News) - Custodian Property Income REIT PLC on Wednesday said that it believed the proposed merger with abrdn Property Income Trust Ltd had a "compelling strategic and financial rationale", as the pair agreed to extend the merger commitment date to Friday. <br /><br />Custodian and abrdn are real estate investment trusts with a portfolio of properties in the UK.<br /><br />In January, the pair agreed terms for an all-share merger, which would create a real estate investment trust with combined assets totalling GBP1.0 billion.<br /><br />Per the agreement, abrdn Property Income shareholders will receive 0.78 new Custodian shares for each share in the company.<br /><br />On Tuesday, Custodian reaffirmed its belief that the merger holds a "compelling strategic and financial rationale".<br /><br />The company said that it would be waiving its one-off project fee in connection with the merger, which amounted to GBP350,000. <br /><br />Custodian also announced a reduction in the management fees payable to its investment manager, Custodian Capital Ltd, for a period of two years following the merger's completion. This fee will now calculated as 0.75% of the combined group's net asset value less than or equal to GBP500 million, changed from 0.9% in respect of NAV up to GBP200 million and 0.75% up to GBP500 million.<br /><br />Custodian said that thesee amendments "reinforce the financial rationale of the recommended merger and represents further alignment between CREI, Custodian Capital and the shareholders of the combined group".<br /><br />Custodian urged abrdn shareholders to not take action regarding the separate offer by Urban Logistics REIT PLC for abrdn. In February, Urban Logistics offered abrdn shareholders 0.47 of its shares for each share in the company. Shares in Urban Logistics are currently flat at 118.00 pence each in London on Wednesday.<br /><br />In a separate announcement, abrdn said that the deadline for Custodian to make a firm intention to continue with the merger or confirm that it does not want to participate in the scheme has been extended to Friday at 5pm. Both abrdn and Custodian have agreed to these terms.<br /><br />Shares in Custodian were down 1.3% at 77.00 pence each. Shares in abrdn were down 0.2% at 55.00 pence each, both in London on Wednesday.<br /><br />By Hugh Cameron, Alliance News reporter<br /><br />Comments and questions to [email protected]<br /><br />Copyright 2024 Alliance News Ltd. All Rights Reserved.</p> Read More
(Alliance News) - Urban Logistics REIT PLC on Friday said it has until March 15 to "clarify its intentions" with abrdn Property Income Trust Ltd. Read More
(Alliance News) - Urban Logistics REIT PLC has made an offer for abrdn Property Income Trust Ltd, both companies confirmed on Tuesday. Read More
(Alliance News) - UK real estate investment trusts will enjoy a decent 2024, Shore Capital Markets predicted, though the broker noted that this week's hotter-than-expected inflation reading suggests that there may still be "bumps on the road" for the sector. Read More
Urban Logistics REIT PLC - UK-focused logistics real estate investment trust - Says demand for space continues to outstrip supply in the "last mile, last touch delivery" sub-sector for essential goods in urban locations. Reports completion of seven lease events since October 1, which "are evidence of significant asset management opportunities available to the company". Says new leases generated around GBP500,000 in additional rental income with passing rent increasing by 31% for over 400,000 square feet. Another two leases are either in solicitors' hands or under offer, which Urban Logistics expects to "further reduce portfolio vacancy". Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday: Read More
(Alliance News) - Urban Logistics REIT PLC on Thursday remained optimistic about its future prospects after posting an interim earnings rise, despite being unable to buy new assets. Read More
(Alliance News) - Real estate investment trusts enjoyed a decent rally on the stock market on Thursday, after the Bank of England decided against a rate hike, and Shore Capital believes it could be time for the sector to shine again. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning: Read More