Raven Russia has been developing industrial real estate in Russia since 2005 and has a portfolio of over 1.2m m2 of Class A warehouses in four Russian cities. All its warrants, ordinary and preference shares are listed on the London Stock Exchange.
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Forecast net debt (£m)
N/A
Forecast gearing ratio (%)
N/A
% | 1M | 3M | 12M |
---|---|---|---|
Actual | 0 | 0 | (86.8) |
Relative | 3.8 | 5.2 | (86.6) |
52 week high/low | 36.5p/3.8p |
With the Russian economy recovering to pre-pandemic levels and e commerce activity continuing its strong pace of growth, the Russian warehouse market, in which Raven Property Group is a leading long-term investor, is performing strongly. Low vacancy, a lack of new supply and increased construction costs are driving accelerated rental growth, and this is supporting capital values, despite a significant rise in interest rates.