QuotedData's Real Estate Roundup - March 2021
QuotedData's Real Estate Roundup - March 2021
As part of our commitment to providing free investment research, we have just published our regular monthly update on the listed real estate sector.
Performance - The roadmap out of lockdown and the impressive vaccination programme in the UK has lifted confidence in a swift economic recovery and triggered a shift to value stocks. Property companies on significant discounts saw a bounce in their share price in February. Top of the pile, though, was RDI REIT that was the subject of a cash offer from its largest shareholder Starwood Capital, valuing the company at £467.9m.
Valuation moves - Net asset value grew as property portfolios started to rebound from the depths of the pandemic. Logistics giant SEGRO led the way with a double-digit NAV increase.
Corporate activity - There were two raises in February, by Target Healthcare REIT and Warehouse REIT, as well as two further fund raising announcements.
Major news stories - Assura acquired a developer, while Supermarket Income REIT continued its portfolio growth.
Read full report here:
https://quoteddata.com/research/quoteddatas-real-estate-roundup-march-2021/
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