Warehouse Reit (WHR)

Sector:

Property Investment Trusts

Index:

FTSE Small Cap

82.60p
   
  • Change Today:
      2.10p
  • 52 Week High: 109.60
  • 52 Week Low: 69.70
  • Currency: UK Pounds
  • Shares Issued: 424.86m
  • Volume: 1,336,824
  • Market Cap: £350.94m
  • RiskGrade: 92

Warehouse REIT acquires industrial estate in Milton Keynes

By Iain Gilbert

Date: Monday 07 Dec 2020

LONDON (ShareCast) - (Sharecast News) - Real estate investment trust Warehouse REIT has acquired Granby Industrial Estate in Milton Keynes for £17.5m.

Warehouse REIT said on Monday that Granby benefitted from "a highly prominent position" opposite two of Milton Keynes' most popular leisure destinations, MK Dons Football Stadium and MK1 Shopping Park.

The ten-acre estate covers 147,000 square foot of gross lettable area which was let to 16 tenants, across 19 of the 24 units, with occupiers including Toolstation, Sally Salon and an NHS Foundation Trust.

The AIM-listed group, which highlighted that the acquisition reflected a net initial yield of 5.7%, added that following the transaction, it will have "substantially deployed" the proceeds of its £153.0m equity raise back in July.

Andrew Bird, managing director of investment advisor Tilstone Partners, said: "This acquisition is a strong fit with the company's strategy of buying in strong economically relevant locations with asset management opportunities; it offers both long-dated day one income whilst an element of vacancy, shorter leases and un-refurbished units provide the chance to capture the reversionary potential and significantly improve the rental profile."

As of 1345 GMT, Warehouse REIT shares were down 0.43% at 116.0p.

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Warehouse Reit Market Data

Currency UK Pounds
Share Price 82.60p
Change Today 2.10p
% Change 2.61 %
52 Week High 109.60
52 Week Low 69.70
Volume 1,336,824
Shares Issued 424.86m
Market Cap £350.94m
RiskGrade 92

Warehouse Reit Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
64.68% above the market average64.68% above the market average64.68% above the market average64.68% above the market average64.68% above the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average
Price Trend
22.74% below the market average22.74% below the market average22.74% below the market average22.74% below the market average22.74% below the market average
53.33% below the sector average53.33% below the sector average53.33% below the sector average53.33% below the sector average53.33% below the sector average
Income
55.36% above the market average55.36% above the market average55.36% above the market average55.36% above the market average55.36% above the market average
44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average
Growth
31.96% below the market average31.96% below the market average31.96% below the market average31.96% below the market average31.96% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Warehouse Reit Dividends

  Latest Previous
  3rd Interim 2nd Interim
Ex-Div 29-Feb-24 30-Nov-23
Paid 02-Apr-24 29-Dec-23
Amount 1.60p 1.60p

Trades for 28-Mar-2024

Time Volume / Share Price
16:56 327,113 @ 82.65p
16:35 139,128 @ 82.60p
16:35 1,765 @ 82.60p
16:35 1,305 @ 82.60p
16:35 438 @ 82.60p

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