Yew Grove REIT plc (YEW): NAV rise validates an excellent strategy
Yew Grove invests in office and industrial assets in the Republic of Ireland (RoI). RoI GDP grew 3.4% in 2020, with 18.2% gross value added from multinational input. Yew Grove’s largest tenant segment is Life Sciences (35%), which benefits from Foreign Direct Investment (FDI) and, across the board, this macroeconomic attractiveness is being captured by the company. In the past four quarters, Yew Grove has achieved an average 99% rent paid on time. The valuation on its offices rose 1.9% 2020 and industrial assets by 5.5%. Two rent rises achieved 24% and 25% uplifts. Further reversion potential is evident for both offices and industrials.Yew Grove REIT PLC. Yew Grove REIT plc is an Ireland-based company that operates as a real estate investment trust. The Company's investment objective is to provide shareholders with long-term income from a diversified portfolio of property comprising primarily commercial real estate located in geographic target market. Its portfolio includes office and industrial assets let to government entities, state bodies and other foreign direct investment (FDI) companies, as well as corporate. It primarily focuses on properties located in Dublin city (other than the Dublin CBD); within the Dublin Catchment Area, and in IDA Ireland Business and Technology Parks.
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