Nucor earnings beat by $0.08, revenue fell short of estimates
LONDON - Urban Logistics REIT PLC (LON: SHED), a specialist in last mile logistics real estate, has received backing from a significant majority of its shareholders for its proposed transition to an internalised management structure, as announced on Monday. The company has been engaging in extensive discussions with its shareholders following the initial announcement on March 7, 2025.
The move towards an internal management model is part of the company’s strategy to enhance its operations and investment prospects. Urban Logistics has highlighted its asset management team’s capacity to continue achieving notable rental increases, recycling capital effectively, and acquiring new assets at prices that align with the firm’s investment goals.
While there has been speculation regarding potential corporate activity, the board has confirmed that it has not received any approaches from potential offerors for the company. However, the board stated that it would evaluate any future proposals and make further announcements if appropriate.
Urban Logistics REIT, which has a portfolio valued at £1.1 billion as of September 30, 2024, focuses on mid-sized, strategically located logistics properties essential for the delivery of goods within the UK. The company’s investment adviser team, led by Richard Moffitt, has demonstrated expertise in sourcing such properties off-market and on favorable terms, contributing to shareholder value.
Since its initial public offering in April 2016, Urban Logistics has grown from a market capitalization of £10 million to a FTSE 250 constituent, driven by its investment strategy and active asset management initiatives.
The information in this article is based on a press release statement from Urban Logistics REIT PLC. The company’s shares are traded on the London Stock Exchange (LON:LSEG), and the announcement is considered public domain for regulatory purposes.
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