1H’21 results cover the depths of the initial market impact of COVID-19. We note the 4.7% fall in EPRA NTA and the effect of the dividend rebasing announced some months prior. There are no negative surprises. The focus on regional offices is a positive. There are other positives that we consider to be important, namely the ongoing contractual performance of the leisure asset tenants and lengthening of leases there, and the continuing encouraging residential sales (and small letting) at the mixed ....
24 Nov 2020
Interim results on track – upside clear in FY’22
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Interim results on track – upside clear in FY’22
Palace Capital plc (PCA:LON) | 236 -14.2 (-2.5%) | Mkt Cap: 88.8m
- Published:
24 Nov 2020 -
Author:
Mike Foster -
Pages:
22
1H’21 results cover the depths of the initial market impact of COVID-19. We note the 4.7% fall in EPRA NTA and the effect of the dividend rebasing announced some months prior. There are no negative surprises. The focus on regional offices is a positive. There are other positives that we consider to be important, namely the ongoing contractual performance of the leisure asset tenants and lengthening of leases there, and the continuing encouraging residential sales (and small letting) at the mixed ....