Palace Capital’s (PCA) FY21 results were robust, with a clear improvement in the second half. With a good level of rent collection continuing, Q421 DPS was increased by 20%, to a level that management hopes to at least maintain through FY22. Importantly, the flagship Hudson Quarter (HQ) development in York completed in April, on budget. We expect HQ to be a significant driver of forecast increasing returns and deleveraging.
17 Jun 2021
Palace Capital - HQ completion opens strong growth opportunity
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Palace Capital - HQ completion opens strong growth opportunity
Palace Capital plc (PCA:LON) | 228 -9.1 (-1.7%) | Mkt Cap: 85.6m
- Published:
17 Jun 2021 -
Author:
Martyn King -
Pages:
11
Palace Capital’s (PCA) FY21 results were robust, with a clear improvement in the second half. With a good level of rent collection continuing, Q421 DPS was increased by 20%, to a level that management hopes to at least maintain through FY22. Importantly, the flagship Hudson Quarter (HQ) development in York completed in April, on budget. We expect HQ to be a significant driver of forecast increasing returns and deleveraging.