As the RT Warren acquisition was completed in October 2017, post the half year end, the interims were unaffected by PCA’s largest purchase to date. That deal will make a material difference to future results as it added c 34% to the value of the group portfolio, funded by a £70m placing at 340p/share. The interims did, however, provide further evidence of how intensive management is enhancing underlying portfolio performance. Lettings, lease renewals and reviews drove up net rent and capital va ....
08 Dec 2017
Strong first half, acquisitions to boost H2
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Strong first half, acquisitions to boost H2
Palace Capital plc (PCA:LON) | 240 7.2 1.3% | Mkt Cap: 90.0m
- Published:
08 Dec 2017 -
Author:
Matt Butlin -
Pages:
8
As the RT Warren acquisition was completed in October 2017, post the half year end, the interims were unaffected by PCA’s largest purchase to date. That deal will make a material difference to future results as it added c 34% to the value of the group portfolio, funded by a £70m placing at 340p/share. The interims did, however, provide further evidence of how intensive management is enhancing underlying portfolio performance. Lettings, lease renewals and reviews drove up net rent and capital va ....