The cash deal agreed with Henderson values Green’s shares at €1.91 a share, a 25 per cent premium to its April share price before the start of the sale process and a 5 per cent premium to Monday’s closing share price. The companies said it represents a 2 per cent premium to the net asset value at the end of June.
$GRN is back to pre-Brexit vote highs - which is showing that Brexit has little impact on Dublin's real estate #bullish
Barry Gardiner 29 Jun 2016, 15:58
$GRN Green REIT experience no drop after Brexit vote - does the market think that Ireland's market is isolated? #neutral
John O'Donoghue 03 Jun 2016, 12:28
$GRN Green Reit predicts office oversupply in Dublin by 2018 says Pat Gunne, CEO of Green REIT. Executive chairman, Stephen Vernon said that the “golden period” of returns for Irish commercial property is probably over, and that Green Reit is unlikely to see another year of 24 per cent growth. www.irishtimes.com/busine....2343040
But the stock has 25% upside at current RE prices and income so #neutral
Barry Gardiner 25 Jan 2016, 20:08
$GRN Green REIT started to pay dividends in 2015 (0.04/1.7=2.4%) which makes it more attractive. The stock price is relatively stable. A good place to park your money if you are ok with EUR-denominated returns! #buy
Max Carey 11 Apr 2015, 22:46
$GRN The Nevin Economic Research
Institute forecasts Irish GDP growth of 3.4% in 2015 and 3.1% in 2016 #buy
$GRN investment properties appreciation was 45.6/744=6.1% for half a year! Green REIT is on track to deliver on the promise to benefit from the growth in Irish RE.
Adam Taylor 24 Feb 2015, 11:37
$GRN 6 month period to 31 Dec 2014:
- NAV growth of 11 per cent in the six month period to €1.21 per share (€1.09 at 30 June 2014) or €807 million (€728 million at 30 June 2014).
- Dividend of €6.1 million, or 0.92 cent per share, to be declared for the period to 30 June 2014, to be paid in cash on or before 23 March 2015.
Stephen Dixon 12 Dec 2014, 21:24
$GRN This flexible and cost effective facility will be used by the Company to finance its development pipeline and to fund opportunistic acquisitions which it may pursue. This is the second debt facility that the Company has put in place and provides Green REIT with total debt facilities of €365 million when fully drawn to the increased commitment level.
$GRN 11 December, 2014 Green REIT Plc, (“Green REIT” or the “Company”), the Irish property investment company,
confirms that it has entered into a 4 year revolving credit facility with Barclays Bank Ireland plc.
The initial commitment is €150 million and the facility incorporates a mechanism to increase the commitments to €290 million at the Company’s request.
Alex Douglas 04 Dec 2014, 14:18
$GRN Quite good and detailed initiation coverage report on Green REIT from Davy Research from 23 Jan 2014 - proved to be right so far http://goo.gl/YUb9TI