Added to YB: 2025-05-21
Pitch date: 2025-05-20
SHED.L [neutral]
Urban Logistics REIT plc
+3.36%
current return
Author Info
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Company Info
Urban LogisticsREIT plc (LON: SHED) has built a high quality, last mile/last touch logistics real estate portfolio with a gross asset value as at 30 September 2024 of £1.
Market Cap
GBP 714.4M
Pitch Price
GBP 1.51
Price Target
N/A
Dividend
4.88%
EV/EBITDA
22.19
P/E
40.01
EV/Sales
18.01
Sector
Industrial REITs
Category
special_situation
Show full summary:
Urban Logistics acquisition by LondonMetric Property PLC
SHED.L merger arb opportunity: Urban Logistics receiving cash+share offer from LondonMetric (0.5612 LMP.L shares + 42.8p + 4.35p dividend). 15.17% votes secured, likely 85%+ total vs 75% needed. Deal closing by June 30. 1.37% spread exists but fees (0.73%) and FX risk limit appeal.
Read full article (6 min)