Palace Capital (PCA) has confirmed that FY19 independent property valuations are marginally up on the prior year, although adjusted earnings will be lower than previously expected. This is due to the deferral of some near-term lettings, as part of its asset management-driven total return strategy. Management has reiterated its commitment to the current level of dividends, expecting these and other asset management initiatives, including the flagship Hudson Quarter development in York, to deli
15 May 2019
Palace Capital - Earnings deferred to unlock potential
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Palace Capital - Earnings deferred to unlock potential
Palace Capital plc (PCA:LON) | 226 0 0.0% | Mkt Cap: 84.7m
- Published:
15 May 2019 -
Author:
Martyn King -
Pages:
9
Palace Capital (PCA) has confirmed that FY19 independent property valuations are marginally up on the prior year, although adjusted earnings will be lower than previously expected. This is due to the deferral of some near-term lettings, as part of its asset management-driven total return strategy. Management has reiterated its commitment to the current level of dividends, expecting these and other asset management initiatives, including the flagship Hudson Quarter development in York, to deli