Category: Uncategorized (Page 367 of 378)

NewRiver REIT plc – Q3 Company

NewRiver REIT plc

Third Quarter Company Update

Continued strong operational performance

Allan Lockhart, Chief Executive, commented: “Our strong operational performance continued into the third quarter, reflecting that our occupational market is, in our opinion, in its best shape for five years. This view is endorsed by the Christmas trading results reported to date by NewRiver’s top 10 retailers, including B&M, M&S, Boots, Superdrug and Sainsburys, which have been excellent. The continued importance of the physical store is becoming increasingly clear to best-in-class retailers, be they omni-channel operators with a clear understanding of the role of the physical store in the fulfilment of online orders, or retailers operating right-sized store-based models.

We delivered another quarter of positive leasing performance, a further expansion of our Capital Partnerships and have seen an increase in potential acquisition opportunities delivering attractive returns which we believe will be supportive of the future growth of our business. In the meantime, our activities continue to be underpinned by our clear strategy, well-positioned portfolio and the strength of our balance sheet.”

Strong operational metrics underpinning growth potential

●	Record occupancy maintained at 97.9%
●	Continued strong leasing performance during Q3 with 222,900 sq ft of leasing transactions; long-term transactions +2.6% vs previous rent and +1.6% vs ERV; year to date in FY24 we have completed 587,500 sq ft of leasing transactions; long-term transactions +6.8% vs previous rent and +1.5% vs ERV
●	Maintained consistently high leasing retention rate of 97%
●	Average rent remains affordable at £11.70 per sq ft
●	Rent collection stable at 97% vs 97% at the equivalent point in FY23
●	Capital Partnerships expanded further in Q3: appointed to manage an additional large retail park taking the total number of assets managed on behalf of M&G Real Estate to 17 retail parks and two shopping centres
●	Major regeneration planning application submitted in Grays to redevelop the shopping centre for a high-density residential-led redevelopment of up to 850+ homes
●	Further progress made with Work Out disposal programme: of the four assets identified for disposal by the end of FY24, one disposal has now completed, one disposal has exchanged and one is under offer
●	GRESB score improved to 72 from 70 and maintained Gold Level for EPRA Sustainability Best Practice Recommendations

Balance sheet strength maintained and Investment Grade Credit Rating reaffirmed by Fitch Ratings

●	Refinanced £100 million undrawn Revolving Credit Facility to extend maturity to November 2026 at reduced cost
●	Fully unsecured balance sheet with interest rate fixed at 3.5% on drawn debt and no maturity on drawn debt until March 2028
●	Cost of drawn debt compares favourably to portfolio Net Initial Yield of 7.9% as at 30 September 2023, one of the highest spreads in the real estate sector
●	Strength of balance sheet position recognised in December 2023 when Fitch Ratings reaffirmed our Long-Term Issuer Default Rating (IDR) at ‘BBB’ with a Stable Outlook, senior unsecured rating (relating to £300 million unsecured 2028 bond) at ‘BBB+’ and Short-Term IDR at ‘F2’

CQS New City High Yield Fund Limited

(“the Company”)

Second Interim Dividend Declaration

The Company announces its second interim dividend of 1 pence per share (2023 – 1 pence) payable on 28 February 2024 to shareholders on the register on 26 February 2024, having an ex-dividend date of 25 January 2024.

CH has emailed me re my SUPR buy before xmas

which I sold to buy TENT. A picture saves a thousand words.

Obviously if I was Captain Hindsight I could have sold later and still bought

TENT at a better price. TENT has earned a dividend and still in the

portfolio awaiting news.

Is support going to act as support ?

If so which one but the advice is ‘never catch a falling knife’.

Real Estate Credit Investments Limited

Transaction in own shares

Real Estate Credit Investments Limited (the “Company“) announces that on 16 January 2024, it bought into treasury 800,000 ordinary shares of no par value in the capital of the Company (the “Shares“):

Date of purchase:	16 January 2024
Number of Shares purchased:	800,000
Price paid per Share (GBp):	124.25

The last published NAV of the Company was 144.2p as at 31 December 2023.

The Motley Fool
Here’s how I’d try to build a second income with £10 a day

Want to build a second income to help with the costs of retirement? Anyone who can use their full £20,000 Stocks and Shares ISA allowance each year should be able to do it.

In fact, more than 4,000 UK investors have already built a million pounds or more that way.

But that’s nearly £55 per day. And most of us can’t do that. What about £10 a day, for a more modest £3,640 a year (or £3,650 this year)?

Regular savings
Long-term investing success needs time and consistency. That means putting cash away regularly, before I spend it.

Most ISA providers these days will let us set up direct debits from as little as around £25 a month.

So my first step would be to open one of these. Next, I’d set up a regular monthly transfer. I’d round my £10 a day up a bit to £305 a month. And I’d set that to go out just a few days after each payday.
Growing returns
What might my £3,660 a year get me? I’d put it mostly into FTSE 100 dividend stocks, each time I built up enough for a buy.

If I could manage, say, a total yield of 7%, that could get me an extra £256 in a year.

Have a nice drink at Christmas from that? Not a chance. It would all stay in my ISA, and get rolled into my next share buys.

Compound it!
And that’s where compounding comes in. You see, next year I could have £3,916 more to invest. And at the end of two years, assuming the same 7% return, I could have £8,107 to start my third year.

Dividends are never guaranteed though. And they’ll probably be up and down in the coming years.

But over the long term, the best companies do seem to pay out the most cash. I’m thinking about names that have been around for decades, and have been near the top of the pile year after year.

Quality yields?
Legal & General, for example, is forecast to pay 7.8%. And British American Tobacco is on 9.8%. Even NatWest Group looks like it’s on for 7.3%.

Glencore offers 7.9%, for a bit of variety. I expect that to be one of the more volatile ones though.

To reduce the risk of not getting my dividends, I’d keep away from firms that pay big yields but also carry very large debt. I don’t see that as very prudent long-term cash management.

For me, that means BT Group and Vodafone would be ruled out.

That’s the plan
So keep my money going in and spread it among top-quality companies in different sectors (to get some safety through diversification).

Then plough all my dividends back in, maybe top up with any spare cash I had, and raise my daily amount as time goes on. And then just sit back.

Not always smooth
I’ll expect some short-term shocks, like 2020 when the average Stocks and Shares ISA lost 13%. But keeping it up for decades has to be the best way to deal with the risk.

VPC Specialty Lending Investments PLC

(the “Company”)

MONTHLY NET ASSET VALUE PER SHARE

Net Asset Value

The Company is pleased to provide its monthly net asset value per share (“NAV”) update.

As at 30 November 2023, the unaudited estimated NAV (Cum Income) per Ordinary Share was 87.72 pence.

Not a positive chart.

Although there are 2 Trusts still to declare their 1st quarter dividends

they both look fairly secure the total earned will be

£2,452.00, which is ahead of the snowball’s target.