Town Centre Securities (TOWN)

Sector:

Property Investment Trusts

Index:

FTSE Fledgling

87.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 232.00p
  • 52 Week Low: 81.50p
  • Currency: UK Pounds
  • Shares Issued: 53.07m
  • Volume: 20,423
  • Market Cap: £46.17m

Improved occupancy at Town Centre Securities

Date: Tuesday 13 Sep 2011

LONDON (ShareCast) - Improved occupancy rates, helped by lettings to the retailers Marks & Spencer and Go Outdoors, contributed to an improvement in profits at northern England-focused property group Town Centre Securities.

In the year to 30 June, underlying pre-tax profits climbed to £8.2m from £7.6m. The final dividend was unchanged at 7.34p.

Overall occupancy levels increased to 96.9% from 93.2%.

“Our results reflect our emphasis on securing income for shareholders and the returns we have made by investing in our existing portfolio,” chairman and chief executive Edward Ziff said.

“We remain cautious about the economy however and are wary of the potential for tenant failures and pressure on rental levels.”

Town Centre Securities has residential, office and retail properties. Its portfolio includes the Merrion Centre in Leeds and the Central Retail Park in Rochdale.

“We believe the prospective -44% discount to NAV for this carefully managed company represents good value,” said analysts at Peel Hunt.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

TOWN Market Data

Currency UK Pounds
Share Price 87.00p
Change Today -0.50p
% Change -0.57 %
52 Week High 232.00p
52 Week Low 81.50p
Volume 20,423
Shares Issued 53.07m
Market Cap £46.17m

TOWN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.81% above the market average57.81% above the market average57.81% above the market average57.81% above the market average57.81% above the market average
22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average
Price Trend
89.6% below the market average89.6% below the market average89.6% below the market average89.6% below the market average89.6% below the market average
94.74% below the sector average94.74% below the sector average94.74% below the sector average94.74% below the sector average94.74% below the sector average
Income
27.57% above the market average27.57% above the market average27.57% above the market average27.57% above the market average27.57% above the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Growth
74.76% below the market average74.76% below the market average74.76% below the market average74.76% below the market average74.76% below the market average
88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

TOWN Dividends

  Latest Previous
  Final Interim
Ex-Div 03-Dec-20 28-May-20
Paid 05-Jan-21 26-Jun-20
Amount 1.75p 3.25p

Trades for 23-Oct-2020

Time Volume / Share Price
15:28 1,590 @ 85.66p
13:51 5,621 @ 88.34p

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