Palace Capital has reported a strong set of results for the year to March 2018, with net rental income increasing by 22% to £14.9m (Arden: £14.1m) and adjusted PBT, which excludes revaluation gains and one-off items, increasing by 27% to £8.5m (Arden: £8.3m). EPRA NAV decreased from 443p to 415p reflecting the dilution effects following the £70m fundraise in October 2017. However, from a proforma base of 389p post-fundraise, EPRA NAV increased by 7% to 415p (Arde
11 Jun 2018
2018 Finals – A transformational year
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2018 Finals – A transformational year
Palace Capital plc (PCA:LON) | 235 16.4 3.1% | Mkt Cap: 88.3m
- Published:
11 Jun 2018 -
Author:
Tim Dainton -
Pages:
5
Palace Capital has reported a strong set of results for the year to March 2018, with net rental income increasing by 22% to £14.9m (Arden: £14.1m) and adjusted PBT, which excludes revaluation gains and one-off items, increasing by 27% to £8.5m (Arden: £8.3m). EPRA NAV decreased from 443p to 415p reflecting the dilution effects following the £70m fundraise in October 2017. However, from a proforma base of 389p post-fundraise, EPRA NAV increased by 7% to 415p (Arde