DJ Edison Investment Research Limited: Edison issues outlook on Raven Property Group (RAV)
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%.
Click here [1] to view the full report.
Subscribe [2]to Edison's content to receive reports by email.
All reports published by Edison are free-to-access and available on the
website [3].
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 [4].
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 [5]
Learn more at www.edisongroup.com [6] and connect with Edison on:
LinkedIn https://www.linkedin.com/company/edison-group- [7]
Twitter www.twitter.com/Edison_Inv_Res [8]
YouTube www.youtube.com/edisonitv [9]
Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
End of Announcement - EQS News Service
1129923 10-Sep-2020
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(END) Dow Jones Newswires
September 10, 2020 07:26 ET (11:26 GMT)
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