• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home Prices and Markets

Real Estate Roundup – April 2020

In this issue Performance – Property stocks took a hammering in March as the covid-19 pandemic took hold. The UK was put on lockdown to stop the spread of the coronavirus resulting in the enforced closure of many commercial real estate assets, including shops, restaurants, leisure facilities and hotels. The constituents of the top 10 […]

Edward Marten by Edward Marten
2020-04-07 13:33
in Prices and Markets
FacebookTwitterLinkedinEmailWhatsapp

In this issue

  • Performance – Property stocks took a hammering in March as the covid-19 pandemic took hold. The UK was put on lockdown to stop the spread of the coronavirus resulting in the enforced closure of many commercial real estate assets, including shops, restaurants, leisure facilities and hotels. The constituents of the top 10 best performing companies in price terms in March are all focused on real estate sectors that are less exposed to the impact of covid-19 and the lockdown. The top two, Assura and Primary Health Properties, both own portfolios of GP surgeries and their income is predominantly paid by the government. Unsurprisingly, the worst performing property companies in March are all massively impacted by the lockdown. Companies that have a large exposure to retail also saw heavy falls in their share price as shops were shut and some of their tenants unable to pay rent.
  • Valuation moves – Secure Income REIT reported the biggest NAV move in March, with a 7.6% rise in NAV in the full year to the end of December 2019. Other companies that also saw NAV rises included CLS Holdings, student accommodation groups GCP Student Living and Empiric Student Property and social housing REIT Triple Point. Once again, the retail-focused companies saw big falls in NAV. Shopping centre owners Intu Properties and Capital & Regional both saw huge falls in NAV.
  • Corporate activity – A host of companies announced the suspension of their dividend as a result of the impact of covid-19 and the lockdown. Companies included Empiric Student Property, NewRiver REIT, British Land, St Modwen, Hammerson and Shaftesbury.
  • Major news stories – Intu Properties said it would seek covenant waivers from its lenders as the impact of covid-19 hit its rental income. The group, which owns shopping centres in the UK and Spain, received just 29% of its rent for the quarter. Elsewhere, Civitas Social Housing acquired a portfolio of properties for £19.6m, which brought its run-rate dividend cover to 100%.

Read more

RelatedPosts

Inflation is high, but it’s not here to stay

The boom and bust of Bitcoin: Where next for the turbulent cryptocurrency?

Has Bitcoin bottomed out?

Five reasons why Bitcoin could be stuck in a temporary rut

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Wine of the Week: Hattingley Valley Blanc de Blancs 2014

Arctic warming is causing more severe storms and cold snaps for Britain

Real Life Art Classes at the Tower of London

The Next Class of 92

American woman becomes first person to swim across Channel four times non-stop

Vince Cable exclusive: The EU referendum was a ‘terrible mistake’

Brexit campaign employs EU migrants to rally support

Yale professor compares Tories’ war on woke to key elements of fascism

The Importance of Pre-Shave Cream and Why You Should Use It

Shaun the Sheep – Film Review

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.