Urban Logistics REIT plc (GB:SHED) has released an update.
Urban Logistics REIT plc has reported a robust quarter with an average like-for-like rental uplift of 23% and the acquisition of three new lettings, boosting its occupancy rate to 94.2%. The company has also successfully disposed of an asset, achieving a 1.9% premium over the book value, and is set to present a detailed strategy at the upcoming Capital Markets Event. Optimism within the logistics sector and strategic acquisitions have positioned Urban Logistics for anticipated earnings and capital growth in the upcoming year.
For further insights into GB:SHED stock, check out TipRanks’ Stock Analysis page.
