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Warehouse REIT PLC ( (GB:WHR) ) has provided an update.
Warehouse REIT PLC reported a successful third quarter with strong leasing activity, completing 25 deals that were on average 32.2% above previous rents. The company secured £3.5 million in contracted rent and conducted asset sales exceeding book value, indicating effective portfolio management and resilience in the multi-let industrial market. Noteworthy transactions included significant rent increases across new lettings and renewals, contributing to a total of 71 transactions and £9.0 million in rent for the financial year. Additionally, the company made progress in selling non-core assets and announced strategic initiatives for cost savings, reinforcing its market position and operational efficiency.
More about Warehouse REIT PLC
Warehouse REIT is a UK Real Estate Investment Trust focusing on multi-let warehouse assets in industrial hubs across the UK. The company provides flexible warehouse accommodation to meet the needs of various occupiers, promoting long-term tenancy. Through selective acquisitions and proactive asset management, Warehouse REIT aims to capture rising rents and enhance capital values, ensuring strong returns for investors while embedding sustainability throughout its operations.
YTD Price Performance: 1.15%
Average Trading Volume: 1,072,090
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £337.8M
See more insights into WHR stock on TipRanks’ Stock Analysis page.
