Overview
UK real estate agency's 2025 revenue grew 5%, slightly beating analyst expectations
Adjusted operating profit for 2025 beat analyst expectations
Company's profit before tax decreased by 3%
Outlook
Foxtons expects lettings to remain resilient, providing non-cyclical and recurring income
Renters Rights Act may create growth opportunities by increasing demand for quality agents
Sales market remains challenging; focus on repositioning sales business for lower volume conditions
Result Drivers
LETTINGS GROWTH - Revenue from Lettings increased by 5%, supported by acquisitions and growth in property management services
FINANCIAL SERVICES - Financial Services revenue rose 10%, driven by operational upgrades and a stronger refinance pipeline
COST PRESSURES - Adjusted operating profit was flat as revenue growth was offset by increased costs, including National Insurance and National Living Wage increases
Company press release: ID:nRSE3950Va
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Slight Beat*
GBP 172.50 mln
GBP 172.03 mln (5 Analysts)
FY Adjusted Operating Profit
Beat
GBP 22.20 mln
GBP 21.84 mln (4 Analysts)
FY Dividend
GBP 0.01
FY Pretax Profit
GBP 16.90 mln
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy"
Wall Street's median 12-month price target for Foxtons Group PLC is GBp74.00, about 60.3% above its March 4 closing price of GBp46.15
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)