Update research from QuotedData

RNS Number : 2160P
GCP Infrastructure Investments Ltd
07 February 2023
 

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GCP Infrastructure - Update research from QuotedData

7th February 2023

Green is good

CP Infrastructure (GCP) has seen a dramatic improvement in the tailwinds supporting its investment approach. The rise in UK inflation and power prices has driven a substantial, positive uplift in its net asset value (NAV). This uplift has more than made up for the negative impact of the UK government's new levy (windfall tax) on energy producers. GCP has also made major strides in the quality of its ESG disclosures.

However, the company's shares have moved to trade on a historically wide discount to NAV, currently 14.7%. As we explain in this note, this may be a reflection of the wider pressure on bond yields that has been felt globally, although as a result, GCP now offers an attractive dividend yield of 7.2%, one of the highest yields of its peer group.The market sell-off of logistics-focused companies has seen EBOX's share price fall to a 49.3% discount to net asset value (NAV). This is staggering, given that the fundamental characteristics in the European logistics market are still favourable.

Full research:

https://quoteddata.com/research/gcp-infrastructure-green-good-qd/

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GCP Infrastructure Investments Ltd (GCP)
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