Hardman & Co Analyst Mike Foster joins DirectorsTalk to discuss Urban Logistics REIT PLC (LON:SHED). Mike explains what Urban Logistics is, key points from recent results, returns achieved, whether it is sustainable, risks involved and what would happen if prices of these assets rose so far that new development was stimulated.
Urban Logistics REIT: Six months to September 8.0% total asset returns
Urban Logistics REIT plc (LON:SHED) 12 November interims showed an impressive 16.0% annualised total asset return. The company’s “last-touch” distribution warehouse portfolio is in a strong spot. Market supply is reducing structurally, and demand is growing