Mucklow’s interim results reflect a stable performance with adjusted PBT increasing 1.3% YoY to £8.0m driven by gross rental income growth of 1.7% (to £12.0m), in line with our expectations, and EPRA EPS increasing by 2.7% to 12.88p. The company highlights consistent strong investor demand for industrial property in the Midlands as a key driver and, regarding the outlook, the company believes that market conditions will continue to be favourable for the rest of the year. As
13 Feb 2018
Interims
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Interims
A&J Mucklow Group (MKLW:LON) | 0 0 0.0% | Mkt Cap: 324.1m
- Published:
13 Feb 2018 -
Author:
Tim Dainton -
Pages:
3
Mucklow’s interim results reflect a stable performance with adjusted PBT increasing 1.3% YoY to £8.0m driven by gross rental income growth of 1.7% (to £12.0m), in line with our expectations, and EPRA EPS increasing by 2.7% to 12.88p. The company highlights consistent strong investor demand for industrial property in the Midlands as a key driver and, regarding the outlook, the company believes that market conditions will continue to be favourable for the rest of the year. As