Urban Logistics Reit PLC 27.3% potential upside indicated by Berenberg Bank

Urban Logistics Reit PLC with ticker (LON:SHED) now has a potential upside of 27.3% according to Berenberg Bank.



Berenberg Bank set a target price of 150 GBX for the company, which when compared to the Urban Logistics Reit PLC share price of 118 GBX at opening today (28/06/2023) indicates a potential upside of 27.3%. Trading has ranged between 112 (52 week low) and 186 (52 week high) with an average of 885,691 shares exchanging hands daily. The market capitalisation at the time of writing is £567,314,296.

Urban Logistics REIT PLC is a United Kingdom-based property investment company. The Company is focused on a specialist sub-sector of the United Kingdom real estate market, investing in mid-sized urban logistics buildings up to 239,235 square feet. The Company is the REIT to focus on specialist last mile / last touch logistics assets, with a tenant base which delivers essential goods within the UK. It is principally comprised of three asset classes: Industrial, Offices and Retail, and Logistics. It invests in 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, Runcorn, Leigh, Leicester, Warrington and Edinburgh, among others. Its investment manager is PCP2 Limited.