Urban Logistics REIT plc ( (GB:SHED) ) has provided an announcement.
Urban Logistics REIT plc announced the acquisition of two logistics assets for £21.1 million, following recent disposals of £26.3 million. The acquisitions, located in Leeds and Liverpool, offer a blended net initial yield of 7.34%, significantly higher than the disposal yield, enhancing the company’s income and asset management opportunities. These strategic moves align with Urban Logistics’ proactive strategy to grow income and rebalance its portfolio, reinforcing its position in the logistics real estate market.
More about Urban Logistics REIT plc
Urban Logistics REIT plc is a London-listed real estate investment trust specializing in single let properties within the ‘last touch’ logistics sub-sector. The company focuses on acquiring and managing logistics assets to deliver shareholder returns through strategic capital recycling and asset management.
YTD Price Performance: 29.49%
Average Trading Volume: 2,453,347
Technical Sentiment Signal: Sell
Current Market Cap: £616.7M
See more data about SHED stock on TipRanks’ Stock Analysis page.