RCS - Urban Logistics REIT - Annual Overview from QuotedData

Urban Logistics Reit

07/01/2025 11:11

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RNS Number : 4310S  Urban Logistics REIT PLC  07 January 2025

Urban Logistics REIT - Annual Overview from QuotedData

7(th) January 2025

Discount at odds with growth plans

A negative reaction to the UK budget sent gilt rates higher and saw investor
caution return to real estate stocks. The recent share price weakness that
followed this has seen Urban Logistics REIT's (SHED's) discount to net asset
value (NAV) widen to more than 30%, which is at odds with the sector
fundamentals and the work the company's adviser is putting in. An asset
recycling programme is underway. Here the adviser is targeting new assets,
where it can work its asset management enhancement magic. This, coupled with
the adviser's expertise in driving up rents and capturing rental reversion
(the rent that could be achieved if rent adjusts to the level of the estimated
rental value - ERV) from its portfolio, should result in substantial earnings
growth and much-coveted dividend cover.

Meanwhile, a more normalised occupier market is forming, with supply and
demand fundamentals returning to pre-COVID levels, putting greater emphasis on
landlords' ability to achieve returns. This is where SHED has traditionally
excelled and, with its active approach to asset management, the foundations
are set for a re-rating of its shares.

Full Research:

https://quoteddata.com/research/urban-logistics-reit-discount-at-odds-with-growth-plans-qd/
(https://quoteddata.com/research/urban-logistics-reit-discount-at-odds-with-growth-plans-qd/)

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NB: Marten & Co was paid to produce this note Urban Logistics REIT Plc,
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