Skip to main content

In order to access the website of Winterflood Securities Limited you must first read and accept the following terms:

This website is not directed at, or intended for distribution to or use by, any U.S. citizen, person, or entity that resides in or is located in the United States of America or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation which would subject Winterflood to any registration or licensing requirements with such jurisdiction. Services are not available to U.S. persons except where such services are permitted under SEC rule 15a6 or other relevant exemptions from SEC Broker/Dealer registration requirements.

Please note that Winterflood Securities Limited is not registered as a broker-dealer with the Securities and Exchange Commission and is not a member of Financial Industry Regulatory Authority Inc. (“FINRA”). All research reports provided on this website are being distributed directly by Winterflood Securities Limited to persons in the U.S. that qualify as “major U.S. institutional investors” in compliance with Rule 15a-6(a)(2) of the Securities Exchange Act of 1934. Accordingly, these research reports have not been prepared in compliance with FINRA requirements. Please refer to our Full Disclaimer here.

Research on this Website

Research on this website has been issued for the information of Professional Clients and Eligible Counterparties (as defined in the FCA handbook) of Winterflood Securities Ltd (“Winterflood”). The terminology used within the research reports is intended for professional investors. Research reports are not intended to provide the sole basis for any evaluation of an investment decision.

Each research report on this website must be read in conjunction with any disclaimer which forms part of it. Your attention is drawn to the date of issue of the information provided and of the opinions expressed therein. Any opinions are those of the Winterflood Investment Trust research team and are subject to change without notice and Winterflood is not under any obligation to update or keep current the information contained herein. The material on this website is based on information obtained from sources believed to be reliable but which have not been independently verified and are not guaranteed as being accurate.

Use of Cookies

For information on the cookies used on our websites, please refer to our Cookies Policy which can be accessed here.


For information on how we treat your personal data, please refer to our Privacy Notice which can be accessed here.

More information can be found in our Legal Disclaimer

If you have read and accepted the terms and conditions for use of this website please click continue
01 Jul 2024

Urban Logistics REIT

Company Notes

Annual Results Highlights

Investment Objective & Strategy: Urban Logistics REIT (SHED) invests purely in mid-sized urban logistics buildings (20,000 to 200,000 sq ft), with a focus on single-let tenancies with occupiers distributing goods the ‘last mile’ of the supply chain. The fund employs a ‘growth, income and total return’ strategy through active asset management, with the aim being to drive rental growth through tenant relationships and to realise value upon asset sales. SHED is managed by Logistics Asset Management LLP, with Richard Moffitt as CEO. Richard has over 25 years of experience in the UK Industrial and Logistics markets and was previously Head of the UK Industrial team at CBRE. Other key team members include: Jamie Waldegrave, CFO/COO; Justin Upton, CIO; John Barker, Head of Leading; and Christopher Turner, Property Director. The adviser manages no other mandates and is therefore 100% focused on SHED.

Annual Results: SHED published its annual results for the year to 31 March 2024 on 20 June, which we covered here and explore deeper in this report. This followed an asset tour and management presentation in May.