Civitas Social Housing PLC QuotedData's Real Estate Roundup -- March 2021
March 09 2021 - 8:26AM
RNS Non-Regulatory
TIDMCSH
Civitas Social Housing PLC
09 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 GBP467.9m.
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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