Standard Life Invs Property Inc Tst Q2 Real Estate Quarterly Roundup
July 16 2020 - 8:46AM
RNS Non-Regulatory
TIDMSLI
Standard Life Invs Property Inc Tst
16 July 2020
Q2 Real Estate Quarterly Roundup
Real Estate Sector Quarterly Roundup
The covid-19 pandemic continued to wreak havoc in the real
estate in the second quarter, but a polarisation of sectors and
funds has started to become apparent. Companies focused on the
retail, leisure and hospitality property sectors had already seen
huge negative rating changes in the first quarter of the year, when
the pandemic took hold. This quarter, it was the generalist
companies that own a diverse portfolio of UK property that
suffered. Most suffered double-digit falls in their share prices in
the three months as valuations tumbled on poor rent collection
figures.
Content
-- Performance data - Logistics-focused companies dominated the
share price rises in the quarter, but a few surprise packages also
made big gains.
-- Corporate activity - There were eight equity raises during
the quarter, totalling GBP1.67bn. Meanwhile, shopping centre
landlord Intu Properties plunged into administration.
-- Major news stories - Takeover and merger rumours were rife
with a company taking a large position in their rival.
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