UK's Panther Securities H1 profit falls on absence of revaluation gains
UK's Panther Securities H1 profit falls on absence of revaluation gains
Overview
UK property investment firm's interim revenue rose slightly yr/yr despite property disposals
Net income fell yr/yr, reflecting absence of property revaluation gains in 2026 period
Operating profit before revaluations and other items increased, aided by lower bad debts
Outlook
Company says economic and political background remains uncertain, with rising costs for tenants
Panther Securities highlights strong liquidity and substantial unutilised banking facilities
Company is actively considering property acquisitions but will invest only where returns justify risks
Result Drivers
RENTAL INCOME MAINTAINED - Co said rental income was maintained and slightly increased despite property disposals
LOWER BAD DEBTS - Co attributed improved operating profit to reduced bad debt charges
REDUCED INTEREST COSTS - Co said net interest costs improved mainly due to lower borrowings
Company press release: ID:nRSV8143Va
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 7.41 mln |
|
H1 Net Income |
| GBP 2.58 mln |
|
H1 EBIT |
| GBP 3.77 mln |
|
H1 Gross Profit |
| GBP 4.48 mln |
|
H1 Pretax Profit |
| GBP 3.35 mln |
|
Reuters Recommended Reads
Sept 22 - UK land developer Henry Boot's H1 revenue falls; says volumes to remain subdued for rest of 2026
Sept 20 - UK property asking prices rise for first time since May, Rightmove says
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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.)