Shaftesbury Capital PLC

SHC

Equity

ISIN GB00B62G9D36 / Valor 11114901

LSE London Stock Exchange, SETS (2024-12-23)

GBP 1.25+0.56%

Shaftesbury Capital PLC
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About company

Shaftesbury Capital PLC is a Real Estate Investment Trust that focuses on investing in prime commercial and residential properties in London's West End, specifically in areas such as Covent Garden, Carnaby, Soho, Chinatown, and Fitzrovia. The company's portfolio includes a diverse range of properties in these vibrant and sought-after locations, with a strategic focus on maximizing returns for its investors through property development, management, and leasing activities.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

Shaftesbury Capital PLC reported a 3.9% increase in annualised gross income for Q2 2024, reaching £196.5 million compared to £192.8 million in December 2023. This growth is attributed to strong leasing demand and increased footfall across their West End estates.

Leasing Transactions

In Q2 2024, Shaftesbury Capital PLC completed 217 leasing transactions, representing £28.1 million of contracted rent. This figure is 7% ahead of the December 2023 ERV and 16% ahead of previous passing rents, indicating robust market demand.

Portfolio Valuation

The wholly-owned portfolio of Shaftesbury Capital PLC saw a 1.4% increase in valuation on a like-for-like basis, reaching £4.8 billion in Q2 2024. This growth was driven by an increase in Estimated Rental Value (ERV).

Dividends

Shaftesbury Capital PLC declared an interim dividend of 1.7 pence per share for Q2 2024, up from 1.65 pence per share in H2 2023. The dividend is scheduled to be paid on 1 October 2024.

Balance Sheet Strength

As of Q2 2024, Shaftesbury Capital PLC maintained a strong balance sheet with £579 million in liquidity and a net debt of £1.5 billion. The EPRA loan-to-value ratio stood at 30%, slightly improved from 31% in December 2023.

Summarized from source with an LLMView Source

Key figures

-8.81%1Y

-23.8%3Y

-50.7%5Y

Performance

24.2%1Y

29.7%3Y

36.5%5Y

Volatility