Palace Capital (PCA) reported FY20 adjusted PBT in line with expectations while COVID-19 contributed to end-year negative unrealised valuation movements. With robust rent collection to date, PCA has shown its confidence by re-instating DPS payments. While market conditions are challenging, PCA benefits from refurbished properties that are available to let and continued progress at Hudson Quarter where 25% of apartments have been pre-sold ahead of the expected March 2021 completion.
16 Jul 2020
Palace Capital - Confidently reinstating DPS
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Palace Capital - Confidently reinstating DPS
Palace Capital plc (PCA:LON) | 238 -11.9 (-2.1%) | Mkt Cap: 89.4m
- Published:
16 Jul 2020 -
Author:
Martyn King -
Pages:
13
Palace Capital (PCA) reported FY20 adjusted PBT in line with expectations while COVID-19 contributed to end-year negative unrealised valuation movements. With robust rent collection to date, PCA has shown its confidence by re-instating DPS payments. While market conditions are challenging, PCA benefits from refurbished properties that are available to let and continued progress at Hudson Quarter where 25% of apartments have been pre-sold ahead of the expected March 2021 completion.