QuotedData’s Real Estate Roundup – February 2021 | RNS | Ticker

QuotedData’s Real Estate Roundup – February 2021

RNS Announcement

RNS Number : 9901O

Grit Real Estate Income Group

12 February 2021

QuotedData's Real Estate Roundup - February 2021

As part of our commitment to providing free investment research, we have just published our regular monthly update on the listed real estate sector.

Performance - The UK's vaccination programme has lifted optimism for a speedier opening of the economy than first feared at the start of the year. Property companies that reported positive valuation figures for the final quarter of 2020 performed well in January in share price terms. Top of the list, however, was perennial 2020 underperformer U and I Group following news that it had replaced its chief executive and was undertaking a review of the business that will likely see it focus on fewer, more valuable development schemes.

Valuation moves - Many property companies reported growth in NAV as the impact of the pandemic on property portfolio valuations eased.

Corporate activity - Supermarket Income REIT secured new debt, while several companies made high profile appointments.

Major news stories - Portfolio reconstructions continued with property companies returning to acquisitive growth.

Read full report here:

https://quoteddata.com/research/quoteddatas-real-estate-roundup-february-2021/

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RNS metadata

Title: QuotedData’s Real Estate Roundup – February 2021
Time: 13:55:38
Date: 12 Feb 2021
Category: Corporate updates
ID: 9901O