Roadside Real Estate PLC Reports Significant Financial Turnaround and Strategic Focus on Core Assets

The Barkby Group PLC ( (GB:ROAD) ) has issued an update.

Roadside Real Estate PLC reported a significant financial turnaround for the year ended September 30, 2024, with a profit after tax of £43.2 million, largely due to a fair value gain from its deconsolidated investment in Cambridge Sleep Sciences (CSS). The company has focused on its core real estate business, disposing of non-core assets, and plans to deploy £250 million by 2026 for further acquisitions. The joint venture with Meadow Partners has already committed £86 million to real estate assets, showing a promising pipeline for future growth. The restructuring of the company’s debt and improved liquidity positions it well for continued progress, with a cash balance of £0.6 million and available liquidity of £8.1 million. The sale of non-core businesses, including a 20% stake in CSS, has provided significant liquidity, allowing the company to focus on its roadside real estate portfolio.

More about The Barkby Group PLC

Roadside Real Estate PLC, formerly known as Barkby Group PLC, operates in the roadside retail real estate industry. The company focuses on creating, managing, and growing a portfolio of roadside real estate assets in strategic locations, targeting local communities and businesses. It has formed a joint venture with Meadow Partners LLP to expand its real estate holdings, including the acquisition of high-quality sites for various commercial uses such as drive-thru, foodvenience, and EV charging facilities.

YTD Price Performance: 381.89%

Average Trading Volume: 132,260

Technical Sentiment Consensus Rating: Hold

Current Market Cap: £43.97M

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