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BUZZ-Shaftesbury: Stock hits record high on results beat

Thu, 27th Nov 2014 09:15

** Shaftesbury up as much as 6.4 pct after propertyowner & landlord posts 25.7 pct rise in FY EPRA NAV, which twobrokerages say beat their expectations by wide margin

** Stock at life high of 811 pence

** Shaftesbury says EPRA NAV - a key measure for developersas it reflects the value of their properties - rises to 713pence in the year ended Sept. 30, from 567 pence a year earlier

** Co also hikes final divi by 5.6 pct to 6.6 pence.

** Liberum analysts up their 2015 NAV forecast by 17 pct &2016 NAV forecast by 19 pct citing "improved assumptions forrental growth, development profits and yield shift" (RM:esha.vaish.thomsonreuters.com@reuters.net)

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14 Apr 2020 09:52

Shaftesbury execs take 20% pay cut amid Covid-19

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Shaftesbury Earnings Well Short Of Expectations, Dividend Halted

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24 Mar 2020 12:35

Shaftesbury warns on profits, suspends dividend

(Sharecast News) - Shaftesbury said on Tuesday that it was scrapping its dividend and deferring rent payments for commercial tenants amid the Covid-19 outbreak, as it warned that full-year EPRA earnings would miss market expectations.

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