Overview
McKay Securities is a REIT that specialises in the development and refurbishment of quality buildings within South East England and central London
Research History
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17 Dec 2020 16 min read
QuotedData’s Real Estate Roundup – December 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data November’s biggest movers in price terms are shown in the chart below. The eagerly awaited news of a successful vaccine candidate came at the start of November, boosting the stock market. Property companies that had seen their share price battered over the past eight […]
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09 Oct 2020 14 min read
QuotedData’s Real Estate Roundup – October 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data September’s biggest movers in price terms are shown in the chart below. There was an eclectic mix of property companies to feature in the top price movers for September. Top of the tree was private rented sector and residential development specialist Sigma Capital Group, […]
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10 Sep 2020 12 min read
QuotedData’s Real Estate Roundup – September 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data August’s biggest movers in price terms are shown in the chart below. There were some interesting price rises during the month of August as investors’ search for returns took them to property companies that have seen their share prices severely depressed during the Covid-19 […]
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07 Jul 2020 16 min read
QuotedData’s Real Estate Roundup – July 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data June’s biggest movers in price terms are shown in the chart below. Uncertainty caused by the covid-19 pandemic continued to weigh on property stocks in June and we had the first real casualty in Intu Properties, which collapsed into administration. A number of companies […]
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30 Jan 2020 16 min read
QuotedData’s Real Estate Annual Review – 2019
Property’s alternative theory The year was dominated by political and economic uncertainty, with Brexit negotiations casting a shadow over the market and the general election adding a further layer of doubt for much of the year. For a market that is staunchly aligned with political and economic sentiment, listed property companies and REITs performed well, […]
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10 Dec 2019 21 min read
QuotedData’s Real Estate Roundup – December 2019
Real Estate Roundup Performance data November’s biggest movers in price terms are shown in the chart below. November saw a host of companies report interim and full year results with varying outcomes. CLS Holdings, which owns a diverse portfolio split between the UK, Germany and France, gave a positive trading update that outlined its capital […]
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18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]
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11 Jun 2018 2 min read
QuotedData’s investment companies roundup – June 2018
QuotedData’s investment companies roundup – June 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2018. Kindly sponsored by Baillie Gifford. The premium of biotech company, Syncona, rose on positive news on two of its […]
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14 Jun 2017 2 min read
QuotedData’s economic round up – June 2017
QuotedData’s economic round up – June 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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15 Mar 2017 1 min read
QuotedData investment companies roundup – March 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. March Investment Companies Roundup
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07 Dec 2016 1 min read
QuotedData’s round up of views on the global economy – December 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. december-economic-and-political-roundup
News
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18 Jan 2021 1 min read
McKay Securities collects 86% for first quarter
McKay Securities has collected 86% of rent for the current quarter, it has revealed. The group, which owns offices and industrial and logistics assets in London and the South East, said the first quarter collection figure increases to 91% when monthly payments are factored in. It also revealed that for the financial year to the […]
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17 Nov 2020 2 min read
McKay Securities “ideally placed to benefit” from shift in office sector
McKay Securities, which owns a portfolio of office and logistics assets in the South East of England, said it was “ideally placed to benefit” from a shift in the office sector caused by COVID-19. Its office portfolio, which accounts for 56.3% of its £438.95m portfolio, is predominantly located in towns in the Home Counties that […]
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15 Sep 2020 1 min read
QuotedData’s morning briefing 15 September 2020
In QuotedData’s morning briefing 15 September 2020: McKay Securities has let the whole of 135 Theale Logistics Park, its 134,430 sq ft speculative warehouse development at Junction 12 of the M4 near Reading, to a logistics operator. The new tenant has agreed to a 10-year FRI lease term at a rent which is 2.0% ahead of […]
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11 Aug 2020 1 min read
McKay buys Bracknell logistics property
McKay buys Bracknell logistics property – McKay Securities has bought 1-4 Willoughby Road, a fully let logistics asset in Bracknell, for £10.0m, representing a net initial yield of 5.6%. The property was sourced off-market from a UK institutional vendor. The 2.7 acre freehold estate consists of two modern, self-contained units totalling 54,157 sq ft with large […]
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12 Jun 2020 2 min read
Varying fortunes of property sectors presents covid opportunities
There is no doubt that the biggest news story in the property sector this week was SEGRO’s whopping £680m equity raise. The over-subscribed placing, that will be used to fund development opportunities in the booming logistics sector, put an exclamation mark on the severe disconnection that is in play between the different property sectors. If […]
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09 Jun 2020 1 min read
McKay Securities reports slight uplift in NAV
McKay Securities has reported a slight increase in net asset value (NAV) of 0.9% in full year results. The company, which owns office, industrial and logistics property in the South East of England, posted an EPRA NAV of 329p per share at 31 March 2020 (March 2019: 326p). Its portfolio was valued at £510m, up […]
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23 Dec 2019 1 min read
McKay sells City of London office for £76.5m
McKay Securities has sold a prime City of London office for £76.5m. The REIT, which is focused on the London and South East office and industrial markets, has disposed of 30 Lombard Street at a net initial yield of 4.16%. McKay, which completed the redevelopment of the 58,500 sq ft building in early 2019, pre-let […]
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18 Nov 2019 2 min read
McKay Securities posts 20.8% leap in rental income
McKay Securities, the London and South East focused REIT, has reported a 20.8% jump in gross rental income to £12.61m in half-year results. The company said the increase was due to several lettings secured on development projects. It contributed to a rise in EPRA net asset value (NAV) in the six months to the end […]
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22 May 2017 2 min read
McKay Securities delivers record rental growth and portfolio value
McKay Securities has announced its full-year results for the year ended 31 March 2017. The company describes the year as being one of, “Strong performance, delivering record rental income and portfolio value”. The company’s summary of the year’s highlights are as follows: Financial Highlights Adjusted profit before tax up 8.3% to £8.60 million (31 March […]
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20 Feb 2017 2 min read
McKay Securities sells Pinehurst Park
McKay Securities PLC has exchanged contracts for the unconditional disposal of the freehold of its remaining interest at Pinehurst Park, in central Farnborough to Pinehurst Investments Ltd (a subsidiary of Shaviram Developments Ltd), for GBP5.88 million. The purchaser has paid a GBP1.00 million non-returnable deposit, and McKay will retain income through to completion on 28(th) […]
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15 Nov 2016 3 min read
McKay Securities completes Prospero Redhill
McKay Securities has announced its half year results for the six months ended 30 September 2016. Its EPRA NAV at the end of the period was 295 pence per share, down 2.0% (31 March 2016: 301 pence per share). EPRA earnings per share were up 10.3% to 4.3 pence as gross rental income rose by 2.4% to […]
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24 May 2016 2 min read
McKay Securities generates 11% NAV uplift
McKay Securities delivered 11% growth in its EPRA NAV over the year that ended on 31 March 2016. The EPRA diluted earnings per share rose from 5.22p to 7.76p. The Board is recommending a 1.7% increase in the final dividend to 6.1 pence per share (March 2015: 6.0 pence). This will be paid as an ordinary dividend on […]
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17 Nov 2015 1 min read
McKay Securities underlying profits up by a third
McKay Securities’s EPRA NAV rose by 4.1% over the six months to the end of September 2015 as it reported a 7.1% increase in the value of its property portfolio. The interim dividend was maintained at 2.7p. McKay Securities underlying profit before tax rose by 33.8% over the period as rental income increased by 20.8% […]
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27 May 2015 2 min read
McKay Securities embarks on four speculative developments
McKay Securities’ results for the year ended 31 March 2015 are out. The EPRA NAV was up 18.9% to 270p. Adjusted profit before tax up 69.2% to £5.79m (fall from £38m to £33m on an IFRS basis which takes into account changes in the value of interest rate hedges). The Total Shareholder Return was 24.8% […]
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22 Apr 2015 1 min read
McKay buys Reading warehouse
McKay Securities is spending £10.7m acquiring a freehold distribution unit – the 96,850 sq ft distribution facility is located at Junction 12 of the M4 motorway, adjacent to the Arlington Business Park at Theale in Berkshire, on the edge of Reading and 45 miles west of Central London. The unit is let to Kuehne & Nagel, […]
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27 Jan 2015 1 min read
McKay building speculative office development in Redhill
McKay Securities has announced that it has started work on the development of an office development in Redhill, Surrey. the completed project will offer 48,050 sq ft, (4,463 sq. m) of office space laid out over a ground floor and three upper floors, with 87 car parking spaces at ground and basement level. They are calling the […]
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18 Nov 2014 1 min read
McKay Securities busy investing cash raised in February
MCKS : McKay Securities busy investing cash raised in February McKay Securities has published its interim report which covers the six months that ended on 30 September 2014. Over that period McKay’s EPRA net asset value rose by 5.7%, driven by a 4.8% return on its property portfolio. McKay is maintaining its interim dividend at […]
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01 Oct 2014 1 min read
McKay Securities expands redevelopment site in Woking
MCKS : McKay Securities expands redevelopment site in Woking McKay Securities has announced the acquisition of The Planets in Woking. The building occupies a site of just over an acre in the centre of Woking and is adjacent to a building (1 Crown Square) McKay bought in January this year. Currently The Planets is let to […]
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02 Sep 2014 1 min read
McKay Securities buys offices in Theale Berkshire
MCKS : McKay Securities buys offices in Theale Berkshire McKay Securities is spending £8.5m buying three offices outside Theale station (south of Reading, near junction 12 of the M4). The offices, known as Station Plaza, cover 41,846 sq ft and come with 170 car parking spaces. The price paid equates to an initial yield of […]
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28 May 2014 1 min read
McKay Securities : MCKS – results and acquisition
McKay Securities has announced it results for the year ended 31 March 2014. Over the year the company’s EPRA NAV fell from 238p to 227p. The final dividend was raised a little – the full year dividend rose from 8.5p to 8.6p. McKay Securities raised an additional £87m of equity capital in February. They had […]
