Urban Logistics Reit PLC 13.3% potential upside indicated by Berenberg Bank

Urban Logistics Reit PLC with ticker (LON:SHED) now has a potential upside of 13.3% according to Berenberg Bank.



Berenberg Bank set a target price of 200 GBX for the company, which when compared to the Urban Logistics Reit PLC share price of 174 GBX at opening today (27/10/2021) indicates a potential upside of 13.3%. Trading has ranged between 135 (52 week low) and 183 (52 week high) with an average of 924,157 shares exchanging hands daily. The market capitalisation at the time of writing is £565,273,500.

Urban Logistics REIT PLC is a United Kingdom-based property investment company. The Company focuses on a specialist sub-sector of the United Kingdom real estate market, investing in industrial and logistics properties that enables businesses to operate distribution networks. It invests in the United Kingdom based industrial and logistics properties with a view to delivering dividends and capital returns to its shareholders. The Company invests in assets that comprise an interest in freehold or leasehold property. It is also focused on investing in smaller single-let logistics sites. It invests in various geographical locations, such as Bedford, Haverhill, Alfreton, Nottingham, Buckingham, Runcorn, Leigh, Leicester, Normanton, Warrington and Edinburgh. The Company has invested in approximately 41 properties. Pacific Capital Partners Limited is the Company’s manager and alternative investment fund manager.