Warehouse REIT plc owns and manages a diversified portfolio of warehouse real estate assets in UK urban areas. Clients include Amazon & Screwfix.
Dividends in today for WHR 
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Iāve been wanted to add some Reits for a while and WHRās at the top of my list with BBOX but I canāt bring myself to pay a 15% premium. Hopefully itās back at a discount by the time FT adds Reits to Isas.
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Please donāt hold your breath until FT have REITS in ISA/SIPPs 
I donāt really focus on NAV price for REITS. I expect the NAVs to catch up. Segros NAV for example recently increased by 40%.
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Itās a good job Iām patient! 
I love a bargain so tend to keep a close eye on NAVs and sit tight until sentiment changes, especially for lump sum buys.
Do you mind if I ask what made you chose WHR over BBOX? Itās going to be a tough decision that one as it seems a bit of a toss-up between the two.
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Similar performance: TritaxBB fees are higher + stamp duty.
WHR lower fees & no stamp duty as itās listed on AIM.
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Didnāt realise WHR is Aim-listed, that makes the decision a bit of a no-brainer!
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Have a look at the costs & charges link on each listing.
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Why is there a 20% tax withheld on the dividend?
REIT dividends (PID) are paid out pre corporation tax & we pay it at our end.
Here is a link to a PDF which will explain it better.
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Any news on the ISA for this one?
Sadly no
"Warehouse REIT shares stand at 124p and yield 5 per cent. This REIT is at an 8 per cent premium to its net asset value, which is modest compared with some of its larger peers who are at double-digit premiums. Does this mean that itās too late to put money into the sector? The answer is yes, if you are fixated on bargain buys. "
The above is from the 30 January 2021 https://www.thisismoneyā¦er-goods-portfolio.html
So 2 years ago share price 124p today 79p. Yield 5% now 8%. Premium 8% now 38% discount.
Does it now meet the definition of a bargain buy?
āThe answer is yes, if you are fixated on bargain buysā
When (eventually) interest rates fall the NAV (presently 124p) will get an automatic uplift from the discount rate reversing back (maybe not all the way).
A 30% increase in the share price gives you 104p share price and still a 20% discount to the present NAV. Which has been reduced due to the increase in risk off gilt market returns.
What i think will happen is the share price will be chasing an accelerating NAV.
A possible scenario! I live in hope.
Yesterdayās rns update
**"Notable transactions included:
Ā· A new letting at Foundry Point, Widnes, to a manufacturer of special purpose engineering equipment, adding Ā£325,000 to contracted rent, 50.2% ahead of previous passing rent
Ā· A rent review at Oldbury Point, in the West Midlands, to a vehicle equipment producer, securing Ā£142,300 of contracted rent, 47.4% above prior rent
Ā· At Bradwell Abbey, Milton Keynes, a rent review to an engineering company, securing Ā£259,500 of contracted rent, 23.6% above prior rent and in addition new lettings totalling over Ā£100,000 of contracted rent were agreed
Twelve months performance
These transactions bring total leasing activity for the financial year to 31 March 2024 to 1.5 million sq ft, achieved on average 28.6% ahead of previous contracted rent. Total rent attributable to these transactions is Ā£10.0 million, taking total annual contracted rent to Ā£44.6 million. Like-for-like contracted rental growth for the twelve month period is c.5%, significantly ahead of the healthy half year rate of 1.7%.
Simon Hope, Warehouse REIT, commented: āThe consistency with which we are delivering rental uplifts is a testament to the expertise of our asset management team and the strength of our locations, which has underpinned like-for-like rental growth of c.5% for the financial year. The multi-let industrial market benefits from a diverse mix of occupiers, making it more resilient through the cycle and supporting our strategic priority to capture portfolio reversion.ā**
If as expected the next cpi reading is significantly lower then expect a decent uplift in share price. Gilts yeilds will have to fall, before the discount rate can really be reduced and the NAV increase.
So just in my opinion this is one of the REITs you should be filling your boots with.
Taking into account the market will be buying in anticipation of the fall in the discount rate.
8% dividend
36% discount
In reference to above this is in my ISA.
freetrade does now have REITs in ISAs
Thinking of sacking this one .
Excellent sector but only 75% cover for the dividend. Could be sometime before the dividend is covered.
Inflation rising will help.
Interest rates falling and therefore the RCF interest rate will fall
Problem is if inflation rate rises interest rates wonāt fall may even rise.
So will the dividend be cut or as they like to put it ārebasedā
They recently bought a retail park with cash from another sale. Better rent BUT I bought for the logistics. Looks like a bit of desperation to get the income up.
Either way dividend cuts/rebased are not quickly forgiven.
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Iām glad I never did bite on individual Reits. It was tempting while watching some such as the logistics ones move drastically from a chunky premium to wide discount.
I did flip a bunch a TRY for a decent profit following the Truss budget fiasco but I think Iām done with property nowadays.
Itās too risky and I donāt understand it well enough. Some of the US Reits could tempt me as they often seem a better proposition but Iāll likely steer clear.
I have 2-3% property exposure via an ETF. I figure thatās enough and Iād much rather buy businesses than real estate.
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