There is a changing of the guard at Caledonia Investments (CLDN) as Will Wyatt steps up as chairman to replace David Stewart, and The Hon Charles Cayzer steps down from the board after 41 years. Will is a member of the Cayzer family that owns around half of the trust. He was also its chief executive for over 10 years.

Following on from yesterday’s announcement by Geiger Counter (GCL) and in advance of the departure of Keith Watson and Robert Crayfourd on 2 June, Golden Prospect Precious Metals (GPM) is also appointing Diana Racanelli, CFA and Craig Bethune, CFA of Manulife Canada as its managers for now.

Yesterday, there was a big vote against (67.0m shares against versus 112.3m shares for) the re-election of Cecily Davis to the board of Social Housing REIT (SOHO). We have had a dig around and cannot see why that might be. However, the company is now bound to investigate it and report back to investors. Cecily is a solicitor and currently an engineering, procurement and construction partner at Fieldfisher and co-head of Fieldfisher’s Africa Group. She was formerly a partner at DLA Piper until 2014 and Shadbolt & Co until 2005. Cecily has extensive knowledge of the residential and affordable housing sectors, having acted as non-executive director of both L&Q Group and Places for People. She is a board member of 3M Homes Ltd and a trustee of Southwark Charities, which provides almshouses to local residents.

Regional REIT’s (RGL) Q1 2026 figures show small improvements in occupancy (87% up from 86.5% for its core portfolio) and rent collection (98.5% up from 97.9%). It sold £12.6m of property, which helped bring its loan-to-value ratio down from 40.4% to 39.4%. Another £2.5m of sales since the quarter end and another £89.5m of disposals planned will help repair its balance sheet further.

Big Yellow’s (BYG) full year results for the 12 months ended 31 March 2026 are uninspiring. Revenue, EBITDA, adjusted EPS, and the dividend all rose by 2%. 5% more space was available to let (with new stores in Staines, Queensbury, Slough, and Wembley) but occupancy fell by 4.5 percentage points to 74.2% (1.7 percentage points to 77.0% if we exclude new stores). Average net rents were up 4% to £35.98 per square foot. It’s been busy installing solar panels on its buildings and now has 9.6MW of solar, helping to cut its electricity bill. There is a development pipeline of 12 units, nine of which have planning consent, and six of them are under construction.