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CAPC - Capital & Counties Properties News Story

103.2p -10.7  -9.4%

Last Trade - 3:48pm

Sector
Financials
Size
Mid Cap
Market Cap £969.4m
Enterprise Value £1.68bn
Revenue £76.9m
Position in Universe 394th / 1803

BUZZ-Capco dips as H1 rental income falls on COVID-19 impact

Wed 12th August, 2020 10:51am
** Shares of British property manager  CAPCC.L  drop 2.6% to
137.3p, their lowest since May 14
    ** Capco says HY net rental income fell 41% to 18.2 mln
pounds ($23.76 mln) due to COVID-19 lockdown
    ** Brokerage Peel hunt expects gradual return to normal
conditions, with further pressure on rental levels and rent
collection over the coming periods
    ** Covent Garden-owner says total property value down by
16.3% on a like-for-like basis in HY to 2.3 bln
pounds urn:newsml:reuters.com:*:nRSL8453Va 
    ** Up to Tuesday's close, stock fell 46.12% in 2020 

($1 = 0.7659 pounds)

 (Reporting by Samantha Machado in Bengaluru)
 ((Samantha.machado@thomsonreuters.com))
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