Trading update24 Apr 2018 08:33
A very positive trading update with a clear strategy. A number of buildings have been disposed of above market value as they are non core, numerous rent reviews have been conducted with good rent uplift. Finance facilities are secured with a good interest rate and 70% fixed due to hedging. The only challenge bring the casual dining fall out, however plans are in place to address. Overall company is trading above market expectations and dividend from April 2018. Hopefully the market will take notice and a rerate likely.