Overview
UK commercial property investor's Q1 NAV declined 0.87% to £171.97 mln
Like-for-like portfolio valuation rose 0.05% after a decline in the prior quarter
Company declared 2.00p interim dividend, maintaining payout for 42nd consecutive quarter
Outlook
Company intends to continue paying dividends in line with its dividend policy
Company says it will monitor transactions and tenants closely amid current market volatility
Company sees attractive buying opportunities in UK real estate market
Result Drivers
ASSET MANAGEMENT INITIATIVES - Capital growth driven mainly by progress at Queen Square in Bristol and assets in Runcorn and St Helens, according to Portfolio Manager Laura Elkin
LEASE EVENTS & VACANCIES - EPRA earnings per share impacted by two new vacancies and Odeon's lease regear at reduced rent
VALUATION DECLINES IN LEISURE & OTHER SECTORS - Valuation declines in leisure and 'other' sectors due to lease events and tenant administration, partially offsetting gains
Company press release: ID:nRSQ8362Aa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Net Asset Value as at March 31, 2026
GBP 171.97 mln
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)