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Company is a UK REIT.
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Data as at: 02/05/2024
In
Objective
To provide shareholders with an attractive level of total return. The focus will be capital growth whilst also providing a growing level of income by investing primarily in a diversified portfolio of UK properties that are leased or intended to be leased to tenants operating in the life science sector.
AIC sector
Management group
Ironstone Asset Management
Company website
Launch date
19/11/2021
December
Domicile
United Kingdom
Fund manager
Stephen Barrow, Simon Farnsworth, Pippa Stacey, Simon Hope, David Lewis, Matthew Barker, Ian Harris
Dividend frequency
Semi-Annually
Wind-up provisions
An ordinary resolution for the continuation of the Company as a real estate investment company will be proposed at the annual general meeting of the Company to be held following the seventh anniversary of Admission and at every seventh annual general meeting of the Company thereafter. If the resolution is not passed, then the Directors will consult with Shareholders and will put forward proposals for the reconstruction or reorganisation of the Company to Shareholders for their approval within six months following the date on which the resolution is not passed.
| Market Cap (m) | Total assets (m) | Price (last close) | NAV | Discount / premium (%) | Gearing (%) | Dividend yield (%) | Dividend dates | Ongoing charge (%) |
|---|---|---|---|---|---|---|---|---|
| 137.90 | 282.76 | 39.40 | 80.79 | -51.23 | 0 | 5.08 | Jun, Dec | 1.7 (31/12/2023) |
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Note
Dividends
Dividends declared in last 12 months
| Ex-Dividend date | Payment date | Dividend amount | Special dividend | Financial year |
|---|---|---|---|---|
| 04/04/2024 | 13/05/2024 | 1.000 | No | 2023 |
| 28/09/2023 | 31/10/2023 | 1.000 | No | 2023 |
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Performance (%)
| Return type | 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|---|
| Life Science REIT | Share price total return | -40.5 | N/A | N/A | N/A |
| Property - UK Commercial AIC sector | Share price total return | -1.4 | -6.4 | -11.3 | 23.5 |
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Share structure
Number of shares
350,000,000
Traded volumes (number of shares)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 163,487 | 23,848,058 | 196,481,142 | 0 |
| Average | N/A | 1,055,170 | 771,282 | 0 |
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Traded values (m)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 0.06 | 9.20 | 115.37 | 0 |
| Average | N/A | 0.41 | 0.45 | 0 |
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Trading details
Top holdings
Data as at : 30/06/2023
| Investment | % of total assets |
|---|---|
| Investment property | 128.2 |
| Cash And Cash Equivalents | 6.2 |
| Interest Rate Derivatives | 2.6 |
| Trade And Other Receivables | 2.5 |
| Other Payables And Accrued Expenses | -7.6 |
| Interest-Bearing Loans And Borrowings | -31.9 |
Data provided by Morningstar.
Company documents provided by FE fundinfo.
