Urban Logistics REIT Announces Updated Acquisition Timetable by LondonMetric

Urban Logistics REIT plc ( (GB:SHED) ) has issued an announcement.

Urban Logistics REIT plc has announced an updated timetable for its acquisition by LondonMetric Property plc, which will be executed through a scheme of arrangement. The acquisition, involving a combination of cash and shares, aims to create a ‘Combined Group’ by acquiring all issued and to be issued ordinary shares of Urban Logistics. The court hearing to sanction the scheme has been moved forward to 20 June 2025, with the effective date set for 23 June 2025. This acquisition is expected to enhance the operational scale and market presence of the combined entity, potentially benefiting stakeholders through improved logistics capabilities and expanded market reach.

The most recent analyst rating on (GB:SHED) stock is a Buy with a £136.00 price target. To see the full list of analyst forecasts on Urban Logistics REIT plc stock, see the GB:SHED Stock Forecast page.

Spark’s Take on GB:SHED Stock

According to Spark, TipRanks’ AI Analyst, GB:SHED is a Outperform.

Urban Logistics REIT plc scores well due to strong revenue growth, high gross profit margins, and strategic corporate actions like potential acquisitions and effective asset management. While technical indicators are bullish, valuation concerns due to a high P/E ratio and inconsistent profitability slightly temper the outlook. Nonetheless, the stock remains appealing due to its dividend yield and strategic initiatives.

To see Spark’s full report on GB:SHED stock, click here.

More about Urban Logistics REIT plc

Urban Logistics REIT plc operates within the real estate investment trust (REIT) sector, focusing on logistics properties. The company primarily invests in and manages a portfolio of urban logistics assets, catering to the growing demand for efficient distribution and warehousing solutions in urban areas.

Average Trading Volume: 6,226,144

Technical Sentiment Signal: Buy

Current Market Cap: £725.5M

Learn more about SHED stock on TipRanks’ Stock Analysis page.