66 days ago
We recommended shares in Urban Logistics REIT (SHED), describing itself as “the only London-listed REIT to focus on specialist last mile/last touch logistics assets”, just in March at a 115.6p offer price, concluding that with an “above 25% discount to the noted net tangible assets and a now-improving interest rate environment and a favourable demand/supply mismatch for the type of space the company specialises in, we see 20%+ share price upside here and that dividend whilst waiting. Therefore, at up to 117.5p, a value and income Buy”. What about now a “possible offer” that “it would be minded to recommend” and the shares up to comfortably above 140p to sell?
