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Share Price Information for Palace Capital (PCA)

London Stock Exchange
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Share Price: 232.00
Bid: 232.00
Ask: 234.00
Change: -2.00 (-0.85%)
Spread: 2.00 (0.862%)
Open: 233.00
High: 234.00
Low: 232.00
Prev. Close: 234.00
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IN BRIEF: Pandemic Revaluations Hurt Palace Capital Net Asset Value

Tue, 07th Jul 2020 14:50

Palace Capital PLC - real estate investment trust since August 2019 conversion with headquarters in London - EPRA net asset value 364 pence as at March 31 year end, down from 407p the year before. Reduction due to "asset revaluations following the pandemic and strategic capital expenditure on development and refurbishments". Proposes final dividend 2.5p per share, taking total per share to 12.0p from 19.0p year before after cancelling third quarter interim dividend. Chief Executive Neil Sinclair positive on company's ability to pay "sustainable level of dividends".

Current stock price: 183.48p

Year-to-date change: down 44%

By Anna Farley; annafarley@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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28 May 2015 10:00

Palace Capital Raises Funds As It Acquires Northampton Property (ALLISS)

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11 May 2015 07:33

Palace Capital Gets GBP4.5 Million Loan Secured On Leeds Property

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7 May 2015 08:44

Palace Capital Appoints Stephen Silvester As New Finance Director

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9 Mar 2015 10:10

Palace Capital To Buy Former Bank Of England Regional HQ In Leeds

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16 Jan 2015 08:56

Palace Capital Completes Two Leases With Rockwell Automation

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5 Oct 2014 13:32

Sunday share tips: BG Group, Genel Energy, Palace Capital

Sell shares of BG Group, Danny Fortson advised in the Sunday Times. Credit Suisse analysts have questioned whether the gas producer's big Australian operation will open on time and have said BG's estimates for its Brazilian oil fields are bigger than those of Petrobas, which leads the development. I

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16 Sep 2014 16:32

DIRECTOR DEALINGS: Palace Capital Director Transfers Shares To Wife

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4 Sep 2014 06:52

Palace Capital In New Lettings And Lease Renewals

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6 Aug 2014 09:20

Palace Capital Buying Property Investment Holdings For GBP32 Million

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6 Aug 2014 08:39

Palace Capital to acquire Property Investment Holdings

AIM-listed Palace Capital has agreed to acquire Property Investment Holdings for £3.65m to expand its property portfolio. The real estate group, which currently includes 17 properties worth £32.02m, generates annual income of around £2.5m. The group said it plans to raise around £20m, which will b

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19 Jun 2014 11:26

Palace Capital back in the black after 'transformational' year

Shares in Palace Capital jumped on Thursday after the AIM-listed commercial real estate company reported a return to the black following what it described as a "transformational" period. The firm, which changed its year-end to March 31st, posted a profit of £21.23m for the 14-month period compared

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16 Jun 2014 09:15

Palace Capital In Lease Renewals For Milton Keynes Office Buildings

LONDON (Alliance News) - Property investment business Palace Capital PLC Monday said it has renewed two office leases with Rockwell Automation Ltd for a combined GBP398,916 per year in rent, unchanged from the company's previous contract, but it will be required to invest in refurbishments. Read more

9 Jun 2014 10:08

Palace Capital Lets Industrial Unit In Coventry To Brose

LONDON (Alliance News) - Palace Capital PLC Monday said it has agreed a new lease on an industrial unit in Coventry with existing sub-tenant Brose Ltd, a deal that will bring in GBP325,000 in rent a year. In a statement, Palace Capital said the initial term of the lease has been set at five

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3 Jun 2014 09:42

Palace Capital No Longer Has Outstanding Convertible Loan Notes

LONDON (Alliance News) - Palace Capital PLC Tuesday said it no longer has any outstanding loan notes that can be converted into shares, after repaying GBP300,000 of the instruments. In a statement, the AIM-quoted property investment company, which focuses on investing in the UK's secondary

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27 Mar 2014 14:32

Palace Capital Swings To Pretax Profit

LONDON (Alliance News) - Palace Capital PLC Thursday said it swung to a pretax profit in its most recent financial year after the acquisition of the Sequel property portfolio in 2013. The AIM-listed real estate company said it made a GBP5.7 million pretax profit in the twelve months ended J

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