Urban Logistics REIT explained

Urban Logistics REIT
Type:	Public limited company
Location:	London, United Kingdom
Industry:	Property
Revenue:	£55.3 million (2023)^[1]
Operating Income:	£(73.4) million (2023)
Net Income:	£(82.7) million (2023)

Urban Logistics REIT is a property company which invests in warehouses. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The company was launched on the Alternative Investment Market as Pacific Industrial & Logistics REIT plc in April 2016.^[2] It changed its name to Urban Logistics REIT in March 2018.^[3] It acquired a portfolio of seven warehouses from Legal & General Investment Management in April 2020,^[4] and raised an additional £250 million in capital and transferred to the main market as in December 2021.^[5]

Operations

The company specialises in warehouses. Its portfolio was valued at £1.0 billion as at 31 March 2022.^[1]

External links

• Official site

Notes and References

1. Web site: Annual Report 2023. Urban Logistics REIT. 13 February 2024.
2. News: Pacific Industrial & Logistics' Turner talks AIM listing and investor returns. 21 April 2016. Proactive Investors. 3 March 2022.
3. News: Proposed £50 million placing to fund acquisitions. Financial Times. 19 March 2018. 3 March 2022.
4. Web site: Urban Logistics REIT acquires £47m Crown Portfolio from LGIM. 30 April 2020. IPE Real Assets. 18 June 2022.
5. News: Urban Logistics buys four more warehouses for £29m. ITT Hub. 3 January 2022. 3 March 2022.