25th Aug 2021 11:52
Warehouse REIT PLC - real estate investment trust focused on warehouse assets - Updates on activity since May 25. Warehouse says it sealed four acquisitions during period, forking out GBP13.1 million, reflecting a blended net initial yield of 5.0% and adding GBP700,000 annual contracted rent. Company adds: "The acquisitions take Warehouse REIT's portfolio past 8.5 million square feet and have increased its holdings in two existing key locations - in South Cambridge, one of the UK's fastest growing employment and innovation centres, and Midpoint-18, Cheshire." Also seals seven new lettings, at 7.0% above estimated rental value at March 31. "These transactions generate GBP600,000 per annum of contracted rent," Warehouse says.
Current stock price: 162.40 pence
Year-to-date change: up 35%
By Eric Cunha; [email protected]
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