Highcroft Investments PLC - England and Wales-focused real estate investor - Swings to profit in first half of 2021, at GBP6.5 million compared to a loss of GBP2.7 million a year prior. Makes gross rental income of GBP3.0 million, flat with 2020. Adds that 90% of first quarter rent, 96% of second quarter and 95% of third quarter rent due to date is collected. Has 89% occupancy in the property portfolio, down from 99% in 2020. Declares interim dividend of 22 pence, up from 21 pence.
"Whilst there appears to be growing evidence that the Covid-19 pandemic is abating we, as a board, will continue to take a prudent view and monitor the situation closely," says Chair Charles Butler. "We will continue to work closely with our tenants and support them where we can whilst at the same time keeping our gearing low and a healthy cash balance to ensure we are well positioned as we start to return to some degree of normality again."
Current stock price: 896.00 pence, up 3.6%
Year-to-date change: up 25%
By Josie O'Brien; josieobrien@alliancenews.com
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