The acquisition of the Sequel properties has given Palace Capital critical mass and creates a combined portfolio with an income yield of over 11%, a return on equity of 14% and supporting a 5.2% dividend yield. There is significant scope to increase both income and asset values through more active management of the portfolio. With growing evidence of an improvement in both occupier and investment markets, we believe that the timing within the property cycle is favourable. In combination, thes
25 Nov 2013
Crystal clear property opportunity
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Crystal clear property opportunity
Palace Capital plc (PCA:LON) | 232 0 0.0% | Mkt Cap: 87.0m
- Published:
25 Nov 2013 -
Author:
Chris Thomas -
Pages:
16
The acquisition of the Sequel properties has given Palace Capital critical mass and creates a combined portfolio with an income yield of over 11%, a return on equity of 14% and supporting a 5.2% dividend yield. There is significant scope to increase both income and asset values through more active management of the portfolio. With growing evidence of an improvement in both occupier and investment markets, we believe that the timing within the property cycle is favourable. In combination, thes