Industrials REIT completes two acquisitions
This aptly named REIT has been on a mission to acquire multi-let industrial properties. This asset class is all the rage at the moment. The big question is whether the valuations will...
Neutral
or
Industrials REIT News & Analysis
-
-
BRIEF-Stenprop Ltd Q4 Avg Weekly Leasing Enquiries Up 56%
April 30 (Reuters) - Stenprop Ltd STPJ.J :* JSE: STP - MLI TRADING UPDATE Q4 FY21 SHOWS CONTINUED STRONG DEMAND FOR MULTI-LET INDUSTRIAL* STENPROP - - AVERAGE WEEKLY LEASING ENQUIRIES WERE...
-
BRIEF-Stenprop Ltd Announces Completion Of MLI Acquisition & Retail Asset Sales
April 1 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LIMITED - COMPLETION OF MLI ACQUISITION & RETAIL ASSET SALES...
-
BRIEF-Stenprop Limited Announces Acquisition Of Three Multi-Let Industrial Estates
March 9 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LIMITED - ACQUISITION OF THREE MULTI-LET INDUSTRIAL ESTATES* STENPROP - STENPROP CONTINUES MULTI-LET INDUSTRIAL TRANSITION WITH THREE...
-
BRIEF-Stenprop Ltd Updates On UK Multi-Let Industrial (MLI) Portfolio Q3 Trading
Jan 29 (Reuters) - Stenprop Ltd STPJ.J :* JSE: STP - MLI TRADING UPDATE Q3 FY21* STENPROP - UK MULTI-LET INDUSTRIAL 25% AVERAGE UPLIFT ON PREVIOUS PASSING RENT ON NEW LETTINGS (PREVIOUS...
-
BRIEF-Stenprop Disposes Berlin Shopping Centre For 30.8 Mln Euros
Dec 29 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LIMITED - DISPOSAL OF BERLIN SHOPPING CENTRE FOR EUR30.8M* STENPROP LIMITED - DISPOSAL OF BERLIN SHOPPING CENTRE FOR EUR30.8M...
-
BRIEF-Stenprop Gets New £66.5 Mln Long Term, Fixed Rate Facility
Dec 15 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP - SIGNIFICANTLY REDUCES COST OF DEBT ON MULTI-LET INDUSTRIAL PORTFOLIO WITH NEW £66.5 MILLION LONG TERM, FIXED RATE FACILITY* STENPROP -...
-
BRIEF-Stenprop Gets New £66.5 Mln Debt Facility
Dec 15 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LIMITED - STENPROP SECURES NEW £66.5M DEBT FACILITY...
-
BRIEF-Stenprop HY HEPS 3.08p
Dec 4 (Reuters) - Stenprop Ltd STPJ.J :* H1 OPERATING PROFIT ROSE 65 PERCENT TO 29.1 MILLION STG* STENPROP - FULLY COVERED DIVIDEND AT 3.375 PENCE PER SHARE FOR SIX MONTHS ENDED 30...
-
BRIEF-Stenprop Ltd Buys 2 MLI Estates For £14 Mln
Nov 16 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LTD - BOUGHT 2 MLI ESTATES, COMPRISING 58 UNITS; PURCHASED IN SEPARATE TRANSACTIONS FOR TOTAL CONSIDERATION OF £14 MILLION...
-
BRIEF-Stenprop Says Appointments Of Richard Smith And Louisa Bell As Independent Non-Executive Directors
Nov 4 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LIMITED - CHANGES TO THE BOARD OF DIRECTORS* STENPROP LTD - APPOINTMENTS OF RICHARD SMITH AND LOUISA BELL AS INDEPENDENT NON-EXECUTIVE...
-
BRIEF-Stenprop Appoints Richard Smith And Louisa Bell As Independent Non-Executive Directors
Nov 4 (Reuters) - Stenprop Ltd STPJ.J : * STENPROP LTD - APPOINTMENTS OF RICHARD SMITH AND LOUISA BELL AS INDEPENDENT NON-EXECUTIVE DIRECTORS, WITH IMMEDIATE...
-
BRIEF-Stenprop Ltd Qtrly Like-For-Like Passing Rent Up 2.5%
Oct 23 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LTD - LIKE-FOR-LIKE PASSING RENT UP 2.5% DURING QUARTER (PREVIOUS QUARTER: 1.0%) AND 5.1% OVER 12 MONTHS.* STENPROP LTD - TRANSITION TO A...
-
BRIEF-Stenprop Ltd Says Completion Of Disposal Of Retail Park In Berlin
Oct 1 (Reuters) - Stenprop Ltd STPJ.J :* COMPLETION OF DISPOSAL OF RETAIL PARK IN BERLIN...
-
BRIEF-Stenprop Ltd Buys Two MLI Properties In Glasgow And Stoke-On-Trent
Sept 22 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LTD - ACQUIRED TWO MLI PROPERTIES, COMPRISING 18 HIGH-QUALITY UNITS, IN GLASGOW AND STOKE-ON-TRENT* STENPROP LTD - ASSETS HAVE BEEN...
-
BRIEF-Stenprop Buys Glasgow Industrial Estate
Aug 6 (Reuters) - Stenprop Ltd STPJ.J :* JSE: STP - STENPROP ACQUIRES GLASGOW INDUSTRIAL ESTATE* STENPROP LTD - £5.5 MILLION ACQUISITION PRICE REFLECTS A NET INITIAL YIELD OF 7.3%...
-
BRIEF-Stenprop Buys Bowthorpe Park Industrial Estate For £19.6 Mln
July 22 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LTD - ACQUIRED PROPERTY FROM BNPDSJ & BLACKROCK (CI) LIMITED AS TRUSTEES OF BLACKROCK INDUSTRIAL TRUST FOR £19,600,000...
-
BRIEF-Stenprop Ltd Announces Acquisition Of Bowthorpe Park
July 22 (Reuters) - Stenprop Ltd STPJ.J :* ACQUISITION OF BOWTHORPE PARK FOR £19.6M
-
BRIEF-Stenprop Buys Further 43,500 Sq Ft Of MLI Property In Stretton Business Park
July 7 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LTD - ACQUIRED A FURTHER 43,500 SQ FT OF MLI PROPERTY ACROSS FOUR ADJOINING WAREHOUSE UNITS IN STRETTON BUSINESS PARK...
-
BRIEF-Stenprop Declares Final Dividend On 11 June 2020 Of 3.375P/Share
June 12 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LTD - DECLARED FINAL DIVIDEND ON 11 JUNE 2020 OF 3.375 PENCE PER SHARE* STENPROP LTD - FY DILUTED IFRS NET ASSET VALUE PER SHARE WAS...
-
BRIEF-Stenprop Ltd Posts FY Headline Earnings Of 5.86 Pence Per Share
June 12 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LTD - FY TOTAL DIVIDEND PER SHARE 6.75 PENCE* STENPROP LTD - FY LOAN-TO-VALUE RATIO (27.7% INCLUDING FREE CASH) 40.8%* STENPROP LTD - FY...
-
BRIEF-Stenprop Limited Says Received 81% Of Total Rent At April-end
May 5 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LIMITED - COVID-19 AND MLI PORTFOLIO UPDATES* STENPROP LTD - AT CLOSE OF BUSINESS ON 30 APRIL 2020, STENPROP HAD RECEIVED 81% OF TOTAL...
-
BRIEF-Stenprop Says Entire Workforce Ramains Fully Engaged
April 21 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LIMITED - COVID-19 SECOND UPDATE* STENPROP - BY 15 APRIL, GOT 73% OF RENT INVOICED & DUE FOR AGGREGATE OF QUARTER STARTING 25 MARCH AND...
-
BRIEF-Stenprop Says Have Not Made Any Redundancies Or Put Any Staff On Furlough
April 21 (Reuters) - Stenprop Ltd STPJ.J :* JSE: STP - COVID-19 RENTAL COLLECTION AND OPERATIONAL UPDATE* STENPROP - RECEIVED 73% OF TOTAL RENT INVOICED AND DUE FOR AGGREGATE OF QUARTER...
-
BRIEF-Stenprop Says Overall LTV At About 40.7% As At Sept 30 2019
March 26 (Reuters) - Stenprop Ltd STPJ.J :* OVERALL LOAN-TO-VALUE RATIO (LTV) STANDS AT APPROXIMATELY 40.7% BASED ON MOST RECENT PROPERTY VALUATIONS AS AT 30 SEPTEMBER 2019...
-
BRIEF-Stenprop Ltd Says Significant Headroom Exists For Interest Cover, LTV Loan Covenants
March 26 (Reuters) - Stenprop Ltd STPJ.J :* COVID-19 UPDATE* OVERALL LOAN-TO-VALUE RATIO (LTV) STANDS AT APPROXIMATELY 40.7% BASED ON MOST RECENT PROPERTY VALUATIONS AS AT 30 SEPTEMBER...
-
BRIEF-Stenprop Issues Circular To Shareholders On Proposed Disposal Of Bleichenhof In Hamburg, Germany
Jan 27 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LTD - HAS TODAY ISSUED A CIRCULAR TO ITS SHAREHOLDERS RELATING TO PROPOSED DISPOSAL OF PROPERTY KNOWN AS BLEICHENHOF IN HAMBURG, GERMANY*...
-
BRIEF-Stenprop Announces Disposal Of Bleichenhof For 160.15 Mln Euros
Dec 18 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LIMITED - DISPOSAL OF BLEICHENHOF* STENPROP LTD - PROPOSED DEAL FOR CONSIDERATION OF EUR 160.15 MILLION* STENPROP-INTENDS TO USE NET CASH...
-
BRIEF-Stenprop Ltd Says HY Headline Earnings For Period Were 3.02 Pence Per Share
Nov 22 (Reuters) - Stenprop Ltd STPJ.J :* JSE: STP - HIGHLIGHTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019* STENPROP LTD - DECLARATION OF AN INTERIM DIVIDEND ON 21 NOVEMBER 2019 OF 3.375...
-
BRIEF-Stenprop Reports Q3 Average Rental Uplift On Previous Passing Rent Was 21% On New Lettings
Oct 25 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LIMITED - TRADING UPDATE* STENPROP LTD - Q3 AVERAGE RENTAL UPLIFT ON PREVIOUS PASSING RENT WAS 21% ON NEW LETTINGS (Q2 2019: 24%)*...
-
BRIEF-Stenprop Announces Acquisition Of Multi-Let Industrial Estates For £7.1 Mln
Oct 18 (Reuters) - Stenprop Ltd STPJ.J :* ACQUISITION OF MULTI-LET INDUSTRIAL ESTATES FOR £7.1 MILLION* ACQUIRED TWO INDUSTRIAL ESTATES IN GLASGOW AND WOLVERHAMPTON IN SEPARATE...
-
BRIEF-Stenprop Ltd Announces Acquisition Of Multi-Let Industrial Estates
Oct 18 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LIMITED - ACQUISITION OF MULTI-LET INDUSTRIAL ESTATES* STENPROP LTD - ACQUIRED TWO INDUSTRIAL ESTATES IN GLASGOW AND WOLVERHAMPTON IN...
-
BRIEF-Stenprop Ltd Announces Acquisition Of Multi-Let Industrial Properties
Sept 26 (Reuters) - Stenprop Ltd STPJ.J :* JSE: STP - ACQUISITION OF MULTI-LET INDUSTRIAL PROPERTIES FOR £4.9...
-
BRIEF-Stenprop Announces Acquisition Of Multi-Let Industrial Estates
Sept 20 (Reuters) - Stenprop Ltd STPJ.J :* ACQUISITION OF MULTI-LET INDUSTRIAL ESTATES* ACQUISITION OF MULTI-LET INDUSTRIAL PROPERTIES FOR £16.7 MILLION* COMPLETED ACQUISITION OF 100...
-
BRIEF-Stenprop Says Acquires Multi-Let Industrial Properties For £16.7 Mln
Sept 20 (Reuters) - Stenprop Ltd STPJ.J :* ACQUISITION OF MULTI-LET INDUSTRIAL PROPERTIES FOR £16.7 MILLION* COMPLETED ACQUISITION OF 100 INDUSTRIAL UNITS IN FIVE SEPARATE TRANSACTIONS FOR...
-
BRIEF-Stenprop Says Only One Remaining High Street Retail Investment In UK Valued At £0.7 Mln
Aug 6 (Reuters) - Stenprop Ltd STPJ.J :* HAVE ONLY ONE REMAINING HIGH STREET RETAIL INVESTMENT IN UK VALUED AT £0.7 MILLION, WHICH IS SCHEDULED FOR SALE BEFORE END OF FINANCIAL YEAR.* MLI...
-
BRIEF-Stenprop Reports FY Diluted Adjusted EPRA EPS Of 8.84 Pence
June 6 (Reuters) - Stenprop Ltd STPJ.J :* JSE: STP - PRELIMINARY RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 MARCH 2019* STENPROP LTD - TOTAL DIVIDEND FOR YEAR ENDED 31 MARCH 2019 OF 6.75...
-
South African Markets - Factors to watch on June 6
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.ECONOMIC EVENTSThe South...
-
BRIEF-Stenprop Names James Beaumont As Interim CFO
June 5 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LIMITED - APPOINTMENT OF INTERIM CFO* STENPROP LTD - JAMES BEAUMONT HAS BEEN APPOINTED AS INTERIM CHIEF FINANCIAL OFFICER* STENPROP LTD -...
-
BRIEF-Stenprop Buys A Multi-Let Industrial Estate
March 12 (Reuters) - Stenprop Ltd STPJ.J :* JSE: STP - ACQUISITION OF MULTI-LET INDUSTRIAL ESTATE...
-
BRIEF-Stenprop Secures New Debt Facility
Feb 8 (Reuters) - Stenprop Ltd STPJ.J :* NEW DEBT FACILITY* FACILITY SECURED AGAINST 1.16 MILLION SQ FT MLI PORTFOLIO, WHICH COMPANY ACQUIRED IN DECEMBER 2018 FROM HANSTEEN HOLDINGS PLC...
-
BRIEF-Stenprop Arranges New 26.8 Mln Stg Loan Facility
Feb 8 (Reuters) - Stenprop Ltd STPJ.J :* HAS ARRANGED A NEW £26.8 MILLION SENIOR LOAN FACILITY WITH LLOYDS BANK COMMERCIAL BANKING* FACILITY WILL BE USED TO REPAY MAJORITY OF DEBT DRAWN...
-
BRIEF-Stenprop Says Patsy Watson To Retire As CFO During 2019
Feb 6 (Reuters) - Stenprop Ltd STPJ.J :* PATSY WATSON HAS INDICATED HER INTENTION TO RETIRE FROM HER ROLE AS CHIEF FINANCIAL OFFICER DURING 2019...
-
BRIEF-Stenprop Says CFO Patsy Watson To Retire
Feb 6 (Reuters) - Stenprop Ltd STPJ.J :* DIRECTORATE CHANGE* PATSY WATSON HAS INDICATED HER INTENTION TO RETIRE FROM HER ROLE AS CHIEF FINANCIAL OFFICER* PATSY WILL REMAIN IN HER ROLE...
-
BRIEF-Stenprop To Sell Euston House
Jan 10 (Reuters) - Stenprop Ltd STPJ.J :* DISPOSAL OF EUSTON HOUSE* PROPOSED DEAL FOR £95 MILLION* TO SELL LONDON OFFICE BUILDING VIA A SALE OF ALL SHARES OF A SPECIAL PURPOSE VEHICLE...
-
BRIEF-Stenprop Buys Multi-Let Industrial Portfolio
Dec 24 (Reuters) - Stenprop Ltd STPJ.J :* STENPROP LIMITED - ACQUISITION OF MULTI-LET INDUSTRIAL PORTFOLIO* STENPROP LTD - PROPOSED DEAL FOR GROSS PURCHASE CONSIDERATION OF £72.2 MILLION*...
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures), cryptocurrencies, and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn't bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
