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EDISON INVESTMENT RESEARCH LIMITED Edison Investment Research Limited: Edison issues outlook on Raven Property Group (RAV)

Directive transparence : information réglementée

10/09/2020 13:26

Edison Investment Research Limited
Edison Investment Research Limited: Edison issues outlook on Raven Property Group (RAV)

10-Sep-2020 / 12:26 GMT/BST


 

London, UK, 10 September 2020

Edison issues outlook on Raven Property Group (RAV)

While headline figures are again affected by FX movements, underlying performance was robust in H120 against the backdrop of a challenging operating environment. As a growing and essential part of the supply chain, all of Raven's warehouse properties continued to operate during COVID-19, occupancy increased and more than 99% of rents were collected. Although the pandemic continues to cloud the economic outlook, warehouse demand-supply fundamentals continue to be robust.

 

Based on the FY21e distribution, the ordinary share yield is 7.6% and benefits fully from any narrowing of the significant discount to NAV/share, while being highly geared to NAV changes. The preference shares (RAVP) yield is c 10%.  


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About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Martyn King, +44 (0)20 3077 5745

property@edisongroup.com

 

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1129923  10-Sep-2020 

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