KCR Residential REIT PLC (GB:KCR) has released an update.
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KCR Residential REIT Plc has reported a 14% increase in revenue for the financial year 2024, achieving £1.80 million, attributed to property modernizations and the Cristal Apartments operating model. Administrative costs were reduced by 7% despite inflationary pressures, reflecting strong cost management. The company continues efforts to become cashflow positive and expects Deanery Court to significantly contribute to revenue growth in 2025.
For further insights into GB:KCR stock, check out TipRanks’ Stock Analysis page.
