Join our community of smart investors

Warehouse Reit in a nice niche

Lettings momentum suggests the shares' slight premium to net assets is warranted
November 9, 2021
  • Gearing held down by property revaluations
  • Landlord posts total accounting return of 15.1 per cent

There are sound reasons behind the flood of investor and tenant demand for large logistics assets. First, as rents typically comprise 5 per cent of supply chain costs, there is room for rental growth. Second, the forces of near-shoring and e-commerce aren’t slowing. Third, tenants want long leases.

This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in