Check out our new Timeline feature to give you the latest updates on all the stocks you follow. Clickhere to set up your Timeline.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksCardiff Property Share News (CDFF)

Share Price Information for Cardiff Property (CDFF)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2,600.00
Bid: 2,500.00
Ask: 2,700.00
Change: 0.00 (0.00%)
Spread: 200.00 (8.00%)
Open: 2,600.00
High: 2,600.00
Low: 2,600.00
Prev. Close: 2,600.00
CDFF Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Cardiff Property annual profit grows amid slow market recovery

Thu, 28th Nov 2024 15:48

(Alliance News) - Cardiff Property PLC on Thursday said profit grew in its most recent financial year, as the commercial property market began to show signs of recovery.

The Surrey, England-based property investor and developer said pretax profit in its financial year that ended September 30 grew 7.4% to GBP1.4 million from GBP1.3 million the year before.

Its net asset per share at September 30 was GBP29.31, up 3.0% year-on-year from GBP28.44.

Revenue rose 3.1% to GBP683,000 from GBP662,000, while other operating income increased 4.5% to GBP676,000 from GBP646,000.

Its fair value loss on its investment properties slimmed to GBP23,000 from GBP332,000 last year.

Cardiff Property declared a total dividend of 23.5 pence per share, up 6.6% from 22.0p last year.

Chair Richard Wollenberg said: "During the year, activity in the Thames Valley commercial property market has continued to show some signs of recovery albeit at a slow pace.

"The group including Campmoss owns a retail portfolio primarily located in Bracknell, Berkshire, and Egham, Surrey, which has shown resilience with minimal turnover of tenants, the majority having traded for a number of years. Lease renewals have been agreed at existing levels whilst the group has benefitted from previously agreed fixed annual rental increases.

"Commercial property investment yields have remained similar to last year and it is encouraging to note that the market has seen a number of investment sales recently completed without any further decline in values. Tenant enquiries have increased with recent lettings at our office property in Egham at levels including a small increase in rental levels."

Shares in Cardiff Property were up 4.4% at 2,400.00 each in London on Thursday afternoon.

By Emily Parsons, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
24 Jan 2025 13:56

UK dividends calendar - next 7 days

Read more
9 Jan 2025 11:34

UK shareholder meetings calendar - next 7 days

Read more
9 Jan 2025 11:34

UK dividends calendar - next 7 days

Read more
28 Nov 2024 09:24

Cardiff Property grows profits, but gives cautious outlook

(Sharecast News) - Cardiff Property, the London-listed developer focused on the Thames Valley, reported a 10% increase in annual profits and declared a higher dividend on Thursday, but delivered a cautious outlook regarding how policy changes could affect the property market.

Read more
20 Jun 2024 15:33

UK dividends calendar - next 7 days

Read more
16 May 2024 15:47

UK dividends calendar - next 7 days

Read more
25 Apr 2024 16:00

EARNINGS AND TRADING: ECO Animal revenue up; Zephyr starts drilling

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
26 Jan 2024 13:29

UK dividends calendar - next 7 days

Read more
12 Jan 2024 15:06

UK shareholder meetings calendar - next 7 days

Read more
11 Jan 2024 15:49

UK dividends calendar - next 7 days

Read more
30 Nov 2023 14:37

EARNINGS: Odyssean asset value dips, Cardiff Property profit falls

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
22 Jun 2023 15:44

UK dividends calendar - next 7 days

Read more
18 May 2023 15:04

UK dividends calendar - next 7 days

Read more
4 May 2023 21:52

TRADING UPDATES: Landore narrows loss; PYX forecasts "strong" growth

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more

Track Your Investments

Register for FREE

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.