Urban Logistics Reit (SHED)

Sector:

Property Investment Trusts

Index:

FTSE 250

120.20p
   
  • Change Today:
    -1.40p
  • 52 Week High: 141.80
  • 52 Week Low: 100.00
  • Currency: UK Pounds
  • Shares Issued: 471.98m
  • Volume: 789,690
  • Market Cap: £567.31m

Urban Logistics acquires two smaller urban logistics sites

By Iain Gilbert

Date: Monday 25 Feb 2019

LONDON (ShareCast) -

Urban Logistics expects to outlay a total of £15.4m for the acquisition and development of both assets, financed from the company's cash resources, debt facilities and the proceeds of two property sales.


The AIM-listed outfit expects construction of the assets to kick off in June 2019, with work at Stone and Hinckley targeted for completion in December 2019 and January 2020, respectively


Chief executive Richard Moffitt said: "These acquisitions will add high-quality new assets to the company's portfolio at a time when smaller urban logistics sites are in short supply.


"We have experienced strong interest from prospective tenants and expect to be fully pre-let by the time both assets reach practical completion."


As of 0925 GMT, Urban Logistics shares had slipped 1.57% to 118.61p.

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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 120.20p
Change Today -1.40p
% Change -1.15 %
52 Week High 141.80
52 Week Low 100.00
Volume 789,690
Shares Issued 471.98m
Market Cap £567.31m

SHED Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
37.83% below the market average37.83% below the market average37.83% below the market average37.83% below the market average37.83% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Price Trend
32.83% below the market average32.83% below the market average32.83% below the market average32.83% below the market average32.83% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Income
50.32% above the market average50.32% above the market average50.32% above the market average50.32% above the market average50.32% above the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average
Growth
97.43% above the market average97.43% above the market average97.43% above the market average97.43% above the market average97.43% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
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
  1st Interim 2nd Interim
Ex-Div 23-Nov-23 29-Jun-23
Paid 15-Dec-23 21-Jul-23
Amount 3.25p 4.35p

Trades for 17-May-2024

Time Volume / Share Price
16:35 147,263 @ 120.20p
16:35 1,536 @ 120.20p
16:35 649 @ 120.20p
16:35 887 @ 120.20p
16:35 186 @ 120.20p

SHED Key Personnel

CEO Richard Moffitt

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