Brief: Pershing Square Holdings Reports H1 EPS More Than Halved Y/Y To $3.30

Pershing Square Holdings

25/08/2021 10:55

Aug 25 (Reuters) - PERSHING SQUARE HOLDINGS  PSH.AS :
    * SAID ON TUESDAY THE COMPANY'S NET ASSETS ATTRIBUTABLE TO
ALL
SHAREHOLDERS AT JUNE 30 WERE AT $9,670,364,617
    * THE COMPANY'S TOTAL INDEBTEDNESS TO TOTAL CAPITAL RATIO
WAS AT
17.8% AT JUNE 30
    * THE COMPANY REPORTED H1 NET PROFIT ATTRIBUTABLE TO EQUITY
SHAREHOLDERS AT $657.7 MILLION VS $1.45 BILLION A YEAR AGO
    * H1 EPS WAS $3.30 VS $7.20 A YEAR AGO
    * END-JUNE NAV TOTAL RETURN PER SHARE INCREASED 7.3% AND
5.8%RESPECTIVELY, COMPARED WITH THE S&P'S HALF-YEAR AND
YEAR-TO-DATE TOTAL RETURN OF 15.2% AND 19.5%
    * "WE BELIEVE THAT OVER THE LONG-TERM, PSH WILL CONTINUE TO
OUTPERFORM OUR BENCHMARK"
    * YEAR-TO-DATE RESULTS HAVE BEEN DRIVEN BY THE POSITIVE
PERFORMANCE OF CORE PORTFOLIO HOLDINGS AS THEIR STRONG OPERATING
RESULTS HAVE CONTRIBUTED TO THEIR STOCK PRICE INCREASES
    * THE MOST SIGNIFICANT INVESTMENT OF THE YEAR IS PSH AND
AFFILIATES' RECENT ACQUISITION OF 7.1% OF UNIVERSAL MUSIC GROUP
FROM VIVENDI  urn:newsml:reuters.com:*:nL1N2PH1WO
    * BILLIONAIRE INVESTOR WILLIAM ACKMAN, WHO OWNS 19.5% OF THE
COMPANY ACCORDING TO REFINITIV DATA, THROUGH HIS HEDGE FUNDS
PROMISED TO PURCHASE BETWEEN 5% AND 10% OF UMG BY MID-SEPTEMBER
 urn:newsml:reuters.com:*:nL1N2PV29M
    * PSH ALSO DISCLOSED IT EXITED ITS POSITION IN STARBUCKS AND
INITIATED A POSITION IN DOMINO'S PIZZA DURING H1, AND EXITED ITS
POSITION IN AGILENT TECHNOLOGIES AFTER THE END OF H1

 Source text for Eikon:  urn:newsml:reuters.com:*:nBw79Sd7Pa   
 Further company coverage:  PSH.AS  
   


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