An update from Shaftesbury Capital ( (GB:SHC) ) is now available.
Shaftesbury Capital PLC reported strong financial results for 2024, with significant growth in rental income and property valuation. The company’s West End estates experienced high footfall and customer sales growth, contributing to a 4.5% increase in portfolio valuation and a 16.2% rise in underlying earnings. With a strong balance sheet and significant liquidity, Shaftesbury Capital is well-positioned to capitalize on market opportunities, despite a challenging macro-economic environment. The company has completed numerous leasing transactions and property disposals, reinvesting in acquisitions with promising rental growth prospects. The West End portfolio remains a prime destination for market entry and expansion, benefiting from enhanced transport connectivity and reduced vacancy rates.
More about Shaftesbury Capital
Shaftesbury Capital PLC is a leading central London mixed-use Real Estate Investment Trust (REIT) and a constituent of the FTSE-250 Index. The company’s property portfolio, valued at £5.0 billion, spans 2.7 million square feet across vibrant areas of London’s West End, including Covent Garden, Carnaby, Soho, and Chinatown. Shaftesbury Capital focuses on creating thriving destinations with a mix of retail, dining, residential, and office spaces, and is listed on the London Stock Exchange and Johannesburg Stock Exchange.
YTD Price Performance: 0.08%
Average Trading Volume: 3,204,772
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.45B
For a thorough assessment of SHC stock, go to TipRanks’ Stock Analysis page.