Capital & Regional (GB:CAL) has released an update.
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Capital & Regional, a UK-based REIT focused on community shopping centres, reports a resilient operational performance for the year ending December 30, 2023. The company saw a 5% like-for-like increase in Net Rental Income and a 9.7% growth in Adjusted Earnings per share, leading to a 7.3% increase in proposed final dividend. These positive financial results were bolstered by strategic acquisitions like the Gyle shopping centre in Edinburgh and asset management initiatives, despite a challenging economic environment.
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