Palace Capital’s (PCA) H121 performance was robust and ahead of our central expectations. We have slightly increased FY21 earnings forecasts and introduced FY22–23 estimates, with growth driven by Hudson Quarter completion, on track for March 2021. Significant additional reversionary potential and development/refurbishment represent significant value creation potential.
25 Nov 2020
Palace Capital - COVID-19 impacts actively managed
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Palace Capital - COVID-19 impacts actively managed
Palace Capital plc (PCA:LON) | 235 16.4 3.1% | Mkt Cap: 88.3m
- Published:
25 Nov 2020 -
Author:
Martyn King -
Pages:
17
Palace Capital’s (PCA) H121 performance was robust and ahead of our central expectations. We have slightly increased FY21 earnings forecasts and introduced FY22–23 estimates, with growth driven by Hudson Quarter completion, on track for March 2021. Significant additional reversionary potential and development/refurbishment represent significant value creation potential.