Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCapital & Regional Share News (CAL)

Share Price Information for Capital & Regional (CAL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 62.20
Bid: 61.20
Ask: 62.40
Change: 1.60 (2.66%)
Spread: 1.20 (1.961%)
Open: 61.60
High: 62.20
Low: 61.60
Prev. Close: 60.20
CAL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Rent collection and footfall improves at Regional & Capital

Thu, 15th Oct 2020 12:44

(Sharecast News) - Shares in Capital & Regional jumped on Thursday, after the property firm said rent collection was improving, while footfall had benefited from more people working from home.
The firm, which owns seven shopping centres, the majority of which are in and around the outskirts of London, said that of the quarterly rent due on or since 29 September, 51% had either been received or was imminently expected. This compares to less than 40% collected at the last quarter rent date.

As a result, the firm has now collected 56% of all rents falling due since 25 March. As of 30 September, it had total cash on the balance sheet of more than £81m.

Footfall, meanwhile, was 76.1% of the prior year equivalent in September, compared to August's 34.8% year-on-year decline. September football outperformed the national index by 11%.

The update sent shares in the real estate investment trust 25% higher by 1215 BST, to 46.30p.

Lawrence Hutchings, chief executive, said: "The in-town location of our centres, together with our focused strategy of serving the essential needs of our local communities, means they are benefiting from the increased number of people working from home and are performing well on a relative basis.

"Feedback from our retailers indicates that average transaction values are registering higher than the comparable period last year, with shopper visits being purpose driven."

Capital & Regional owns shopping centres in Blackburn, Hemel Hempstead, Luton, Maidstone in Kent, Walthamstow and Ilford in north east London, and Wood Green in Essex. The firm said 98% of stores had re-opened since national lockdown restrictions eased earlier in the summer.
More News
7 Apr 2015 08:38

BROKER RATINGS SUMMARY: JPMorgan Cuts IAG And Raises Ryanair

Read more
6 Mar 2015 14:18

UK DIRECTOR DEALINGS SUMMARY: GBP23.9 Million In Urban&Civic Sold

Read more
5 Mar 2015 16:12

DIRECTOR DEALINGS: Capital & Regional Directors Increase Interest

Read more
4 Mar 2015 08:57

Capital & Regional Shares Up On Higher Profit, 46% Dividend Hike

Read more
4 Mar 2015 06:14

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
3 Mar 2015 16:05

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
3 Mar 2015 06:14

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
2 Mar 2015 16:04

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
2 Mar 2015 06:16

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
27 Feb 2015 16:17

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
27 Feb 2015 06:13

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
26 Feb 2015 16:21

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
26 Feb 2015 06:16

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
25 Feb 2015 16:25

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
31 Dec 2014 12:59

London close: Stocks make modest gains in final session of 2014

London shares finished the final session of 2014 on a positive note, but fell short of last year's closing mark amid lower oil prices and geopolitical turmoil. The FTSE 100 Index closed 19.09 points up at 6,566.09 in a shortened session due to New Year's Eve, down from the 6,749 it reached on the fi

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.