Added to YB: 2024-07-18
Pitch date: 2024-07-04
ASLI.L [bullish]
abrdn European Logistics Income plc
+11.03%
current return
Author Info
No bio for this author
Company Info
abrdn European Logistics Income plc, together with its subsidiaries, invests in logistic real estate properties in Europe.
Market Cap
GBP 303.0M
Pitch Price
GBP 0.22
Price Target
N/A
Dividend
5.89%
EV/EBITDA
N/A
P/E
99.99
EV/Sales
13.49
Sector
Real Estate Management and Development
Category
special_situation
Ennismore European Smaller Companies Fund Porfolio Holding: abrdn European Logistics Income PLC
ASLI.L: Euro logistics REIT at 22% NAV discount. Wind-down approved, selling 25 midbox sites. 30% upside to Dec 2025. 5.5-6% NIY vs 5% recent transactions. 2 sales at/above NAV. 38% LTV. Structural e-commerce growth. 11 offers received. Expect 75% sold & cash returned within 1yr. High-quality tenants (Amazon, DHL). Index-linked leases.
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