Edition:
United States

Hansteen Holdings PLC (HSTN.L)

HSTN.L on London Stock Exchange

129.60GBp
20 Apr 2018
Change (% chg)

0.50 (+0.39%)
Prev Close
129.10
Open
129.20
Day's High
130.20
Day's Low
129.10
Volume
881,056
Avg. Vol
2,250,157
52-wk High
147.90
52-wk Low
121.20

Latest Key Developments (Source: Significant Developments)

Hansteen Says FY ‍IFRS Profit Increased By 86.6 Pct
Tuesday, 20 Mar 2018 03:01am EDT 

March 20 (Reuters) - Hansteen Holdings Plc ::FY ‍IFRS PROFIT INCREASED BY 86.6% TO £204.3 MILLION​.FY ‍NORMALISED INCOME PROFIT OF £51.9 MILLION​.‍FY IFRS NAV PER SHARE OF 135.1P​.‍FY NET DEBT TO PROPERTY VALUE RATIO OF 27.6%​.‍FULL YEAR DIVIDEND OF 6.1P PER SHARE​.FULL YEAR DIVIDEND OF 6.1P PER SHARE VERSUS IN 2016 5.9P PER SHARE)‍​.NOTWITHSTANDING REAL CHALLENGES SURROUNDING EU EXIT PROCESS, NOT SEEN ANY NEGATIVE EFFECT ON TENANTS' TAKE UP OF SPACE‍​.  Full Article

Warehouse Reit buys four industrial estates for 26 mln stg​
Monday, 25 Sep 2017 02:00am EDT 

Sept 25 (Reuters) - Warehouse Reit Plc :Warehouse reit plc - ‍acquisition of four industrial estates for £26m​.Acquisition of four industrial estates for £26m.Warehouse reit exchanges on £26m pipeline acquisitions.Warehouse - ‍contracts exchanged with hansteen holdings to buy assets for consideration of £26.25 million plus costs, reflecting net initial yield of 7.5%​.  Full Article

Hansteen says HY ‍IFRS pre-tax profit increased by 185.6 pct​
Wednesday, 23 Aug 2017 02:00am EDT 

Aug 23 (Reuters) - Hansteen Holdings Plc :HY ‍IFRS PRE-TAX PROFIT INCREASED BY 185.6% TO £156.5 MILLION (H1 2016: £54.8 MILLION)​.HY ‍EPRA NAV PER SHARE INCREASED BY 2.8% TO 132.5P (31 DECEMBER 2016: 128.9P)​.HY ‍NOVEMBER INTERIM DIVIDEND INCREASED BY 4.5% TO 2.3P PER SHARE (NOVEMBER 2016: 2.2P PER SHARE)​.HY ‍NORMALISED INCOME PROFIT (NIP) INCREASED BY 25.9% TO £38.9 MILLION (H1 2016: £30.9 MILLION)1​.HY ‍PROPOSES TO RETURN UP TO £580 MILLION IN AGGREGATE TO SHAREHOLDERS WHICH IS EQUIVALENT OF 70P PER SHARE​.HY ‍CURRENTLY ANTICIPATES THAT THIS RETURN WILL BE IMPLEMENTED BY END OF 2017​.HY ‍BOARD'S INTENTION IS TO ENSURE THAT £580 MILLION IS TREATED AS A CAPITAL RETURN AND NOT AN INCOME RETURN​.‍THERE IS SCOPE TO INCREASE DIVIDENDS (ON A FULLY COVERED BASIS) FROM HISTORIC LEVELS.‍STRONG OCCUPIER DEMAND HAS RESULTED IN INCREASING RENTS PER LET SQUARE FOOT AND IT LOOKS AS THOUGH THIS TREND WILL CONTINUE​.  Full Article

Hansteen updates on convertible bonds due 2018
Thursday, 29 Jun 2017 11:53am EDT 

June 29 (Reuters) - Hansteen Holdings Plc ::Further regarding convertible bonds due 2018.Following expiration convertible bond invitations, received 15.9 mln euros in aggregate principal amount of bonds validly offered for sale.Also ‍received 84.1 mln euros in aggregate principal amount of bonds validly offered for conversion pursuant to invitations​.‍Of aggregate principal amount of 100 mln euros of bonds currently outstanding, 100 pct were accepted by offeror for sale​.‍Cash amount payable per 100,000 euros principal amount of bonds offered and accepted for sale is 140,039.50 euros​.‍Jefferies International Limited is acting as sole dealer manager in relation to invitations​.  Full Article

Hansteen makes invitation to holders to offer to sell and/or convert outstanding 100 mln euros convertible bonds
Monday, 26 Jun 2017 12:11pm EDT 

June 26 (Reuters) - Hansteen Holdings Plc ::Invitation to holders to offer to sell and/or convert outstanding 100 mln euros Hansteen 4% guaranteed convertible bonds due 2018​.W‍ith invitations, offeror seeks to adjust its financing structure following completion of sale of German and Dutch portfolios​.‍Cash amount payable per 100,000 euros principal amount of bonds offered and accepted for sale is 140,039.50​ euros.‍Cum of a purchase price of 138,150.00 euros plus an accrued interest payment of 1,889.50 euros per 100,000 euros principal amount of bonds​.‍Invitations are expected to be open until 3.00 p.m. (london time) on 29 June 2017​.Final aggregate principal amount of bonds accepted for purchase and/or converted will be made as soon as reasonably practicable​.  Full Article

Hansteen's sale of German, Dutch portfolios to complete on June 16
Wednesday, 7 Jun 2017 06:13am EDT 

June 7 (Reuters) - Hansteen Holdings Plc :Hansteen hldgs plc - further re. Forward currency contract.‍Disposal of German and Dutch portfolios for eur 1.28 billion to be completed on 16 June​.Proposed sale of its German and Dutch portfolios ‍is expected to complete on 16 June 2017.Had entered into a forward currency transaction to sell Euro 580 million for GBP 503,053,011 at GBP: EUR 1.15296, with a maturity date of 8 June 2017​.‍Has agreed to roll forward maturity date of its forward currency transaction from 8 June to 20 June at existing rate​.‍intends to distribute a substantial portion of net cash proceeds of transaction to its shareholders​.  Full Article

Alpha Real Trust confirms to sell shares in IMPT to Hansteen
Tuesday, 25 Apr 2017 12:25pm EDT 

April 25 (Reuters) - Alpha Real Trust Ltd ::Confirms entered irrevocable undertaking to sell its shares in IMPT to Hansteen at a price of 330p per share in cash on or before May 3.Says Hansteen has agreed to make an increased offer of 330p to all shareholders of IMPT.Will no longer be shareholder of impt at time of impt's next general meeting of 11 May, to abstain from voting at such meeting in any event.Has also agreed to withdraw its request dated 11 April 2017 to requisition a further meeting of IMPT shareholders.  Full Article

Hansteen increases cash offer for Industrial Multi Property Trust
Tuesday, 25 Apr 2017 12:03pm EDT 

April 25 (Reuters) - Hansteen Holdings Plc :Revised offer for IMPT .Increased cash offer by Hansteen Holdings PLC for Industrial Multi Property Trust PLC.IMPT shareholders will be entitled to receive for each IMPT share 330 pence in cash.Increased offer represents an increase of 10 percent to original recommended offer price of 300p per IMPT share.  Full Article

Hansteen to dispose of its German and Dutch portfolios for 1.28 bln euros
Monday, 20 Mar 2017 03:01am EDT 

Hansteen Holdings Plc : 1.28 billion euro disposal of German & Dutch portfolio . Proposed disposal of German and Dutch portfolio for Eur 1.28 billion . Price represents a premium of approximately eur 76 million (6 per cent.) to year end valuation . Completion is expected to occur before end of june 2017. .Following completion, Hansteen intends to distribute a substantial portion of net cash proceeds of transaction to its shareholders.  Full Article

Hansteen says FY normalised income profit increased by 29.4 pct
Monday, 20 Mar 2017 03:00am EDT 

Hansteen Holdings Plc : FY total annual return to shareholders of 23.1p or 20.8% (EPRA NAV growth of 17.7p plus dividends paid of 5.35p) . FY normalised income profit increased by 29.4% to £61.1 million (fy 2015: £47.2 million) . Full year dividend increased by 12.4% to 5.9p per share (2015: 5.25p per share) . FY IFRS profit before tax 119.9 million stg versus 171.4 million stg year ago . Like-For-Like occupancy improvement of 131,000 sq m or 28.2% of vacancy at start of year .Across UK, we are experiencing pockets of rental growth and shorter incentives being offered to tenants as demand intensifies.  Full Article

BRIEF-Hansteen Says FY ‍IFRS Profit Increased By 86.6 Pct

* FULL YEAR DIVIDEND OF 6.1P PER SHARE VERSUS IN 2016 5.9P PER SHARE)‍​