Real Estate Roundup - Mar 2020
Property stocks tumbled in February as fears over the spread of Covid-19 spooked financial markets around the world and resulted in the largest sell-off since the 2008 financial crisis. There were just four UK-quoted companies but not all UK quoted companies are listed.
">listed property companies that saw their share prices rise in February, however Daejan Holdings’ 53.5% jump was purely due to the fact it agreed a deal with its majority shareholder to take the company private. Small-cap regional office owner Circle Property led the pack, Daejan aside, with a share price rise of 3.9%. Alpha Real Trust, which invests in high-yielding property and asset-back debt, and private rented residential owner and developer Grainger were the other two property companies that saw share price gains in February, by 0.5% and 0.1% respectively.
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