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Urban Logistics REIT plc ( (GB:SHED) ) has issued an announcement.
Urban Logistics REIT plc has successfully completed new lettings over five logistics units, totaling 301,000 square feet and securing an annual headline rent of £3.0 million. This activity has reduced portfolio vacancy from 8.1% to 6.2%, demonstrating strong demand in the logistics sector. The transactions, including notable leases in Doncaster and Southampton, highlight the company’s effective asset management and ability to exceed target rental levels, contributing to capital growth and enhanced property value.
More about Urban Logistics REIT plc
Urban Logistics REIT plc is the only London-listed real estate investment trust (REIT) that provides focused exposure to single-let, last mile/last touch logistics real estate. The company is dedicated to optimizing logistics spaces that are crucial for the final leg of product delivery.
YTD Price Performance: 8.79%
Average Trading Volume: 2,353,304
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £517.2M
For an in-depth examination of SHED stock, go to TipRanks’ Stock Analysis page.
