Warehouse Reit (WHR)

Sector:

Property Investment Trusts

Index:

FTSE Small Cap

79.60p
   
  • Change Today:
    -0.90p
  • 52 Week High: 92.00
  • 52 Week Low: 69.70
  • Currency: UK Pounds
  • Shares Issued: 424.86m
  • Volume: 556,227
  • Market Cap: £338.19m
  • RiskGrade: 92

Warehouse REIT acquires Northampton and Aberdeen estates

By Iain Gilbert

Date: Monday 15 Apr 2019

LONDON (ShareCast) - (Sharecast News) - British real estate investment outfit Warehouse REIT has exchanged contracts to acquire multi-unit estates in Northampton and Aberdeen for a total of £37m.
The consideration for the assets, purchased in two separate transactions, reflected a blended net initial yield of 6.6%.

In Northampton, Warehouse REIT snapped the freehold of two John Lewis distribution units, totalling 336,000 square feet with a headline rent of £1.83m per year.

Up in Aberdeen, the AIM-listed outfit acquired the long leasehold 125,000 square foot Murcar multi-let industrial estate, let to a range of occupiers and generating a total net passing rent of £776,030 per annum.

Andrew Bird of Warehouse REIT's manager Tilstone said: "Following the successful fundraise providing the REIT with £120 million of capital to deploy, it is pleasing to deliver these high quality acquisitions, including another from our identified near term pipeline at the time of the equity raise, as we continue to demonstrate that we have the team in place to originate and acquire a range of favourably yielding opportunities across the UK.

"In Northampton, the warehouses are operational critical to John Lewis in what is still an undersupplied part of the UK for mid-box warehouses, whilst the Murcar industrial estate will deliver attractive day one income at the same time as presenting a number of value-enhancing asset management initiatives to both improve the rental tone and deliver capital growth."

As of 0850 BST, Warehouse REIT shares had inched forward 0.27% to 101.78p.

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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 79.60p
Change Today -0.90p
% Change -1.12 %
52 Week High 92.00
52 Week Low 69.70
Volume 556,227
Shares Issued 424.86m
Market Cap £338.19m
RiskGrade 92

Warehouse Reit Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.34% above the market average74.34% above the market average74.34% above the market average74.34% above the market average74.34% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Price Trend
52.5% below the market average52.5% below the market average52.5% below the market average52.5% below the market average52.5% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Income
61.92% above the market average61.92% above the market average61.92% above the market average61.92% above the market average61.92% above the market average
48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average
Growth
26.71% below the market average26.71% below the market average26.71% below the market average26.71% below the market average26.71% below the market average
10.34% below the sector average10.34% below the sector average10.34% below the sector average10.34% below the sector average10.34% 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 14-Jun-2024

Time Volume / Share Price
16:35 92,511 @ 79.60p
16:35 1,655 @ 79.60p
16:35 560 @ 79.60p
16:35 926 @ 79.60p
16:35 457 @ 79.60p

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