We have updated our numbers with the FY16 results and maintain a positive recommendation on the stock. As a reminder, Intu published NRI of £447m, up 3.6% lfl, EPS at 15p, up 6% yoy, and the dividend was announced at 14p, up 2.2% yoy. The group’s GAV at £9.9bn stood flat on an organic basis and NAV at 404p, in line with last year, stands at a 42% premium to the current trading price. Management guided a 0% to 2% organic rental income growth for FY17.
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Still increasing scale in Spain
- Published:
07 Apr 2017 -
Author:
Alda Kule Dale -
Pages:
3
We have updated our numbers with the FY16 results and maintain a positive recommendation on the stock. As a reminder, Intu published NRI of £447m, up 3.6% lfl, EPS at 15p, up 6% yoy, and the dividend was announced at 14p, up 2.2% yoy. The group’s GAV at £9.9bn stood flat on an organic basis and NAV at 404p, in line with last year, stands at a 42% premium to the current trading price. Management guided a 0% to 2% organic rental income growth for FY17.