First Property Group PLC - London-based property fund manager and investor - Notes at annual general meeting its continues to perform in line with management's expectations.
Chair Alasdair Locke says: "Group cash as at September 17, 2021 amounted to GBP12.4 million, versus GBP16.2 million at March 31, 2021. This equates to 11.20 pence per share, from 14.71p at March 31.
"Third party funds under management stood at GBP530 million as at August 31, 2021 versus GBP527 million at March 31. Uninvested cash commitments to funds managed by First Property Asset Management amount to some GBP4.40 million as at September 17."
Total funds under management stood at GBP572 million at the end of August compared to GBP569 million at the end of March.
Current stock price: 32.30 pence
Year-to-date change: up 14%
By Paul McGowan; paulmcgowan@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserve.
First Property (FPO)