Warehouse REIT Secures Major Lease Renewal with Wincanton at Midpoint 18

Warehouse REIT PLC ( (GB:WHR) ) has provided an update.

Warehouse REIT has secured a significant lease renewal with Wincanton plc at its largest asset, Midpoint 18 in Middlewich, for a 375,000 sq ft space over ten years. This renewal, which includes a 28.8% rent uplift, strengthens Warehouse REIT’s portfolio by extending its weighted average unexpired lease term and capturing additional reversion, positioning the company well in a tight UK warehousing market.

More about Warehouse REIT PLC

Warehouse REIT is a UK Real Estate Investment Trust that specializes in investing in multi-let warehouse assets across industrial hubs in the UK. The company focuses on providing flexible warehouse accommodations to a broad range of occupiers, aiming to retain tenants by adapting to their evolving business needs. Through strategic acquisitions and proactive asset management, Warehouse REIT seeks to capture rising rents and enhance capital values, delivering strong returns for investors while embedding sustainability into its operations.

YTD Price Performance: 26.21%

Average Trading Volume: 1,627,689

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £421.5M

For detailed information about WHR stock, go to TipRanks’ Stock Analysis page.