Town Centre Securities (TCS) continued to reposition its portfolio in FY18, seeking to ensure a resilient income stream and unlock future growth potential. Underlying earnings were robust, supported by like-for-like rental growth, a good level of occupancy and further growth in car parking revenues and profits. Refinancing has provided significant additional financial flexibility as TCS continues to invest for future growth, and the DPS was increased 2.2% to 11.75p, representing a yield of 4.
12 Oct 2018
Town Centre Securities - FY18 earnings in line and DPS increased
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Town Centre Securities - FY18 earnings in line and DPS increased
Town Centre Securities PLC (TOWN:LON) | 142 5 2.5% | Mkt Cap: 59.7m
- Published:
12 Oct 2018 -
Author:
Martyn King -
Pages:
14
Town Centre Securities (TCS) continued to reposition its portfolio in FY18, seeking to ensure a resilient income stream and unlock future growth potential. Underlying earnings were robust, supported by like-for-like rental growth, a good level of occupancy and further growth in car parking revenues and profits. Refinancing has provided significant additional financial flexibility as TCS continues to invest for future growth, and the DPS was increased 2.2% to 11.75p, representing a yield of 4.