12 Nov 2019 15:43
Edison Investment Research Limited Edison Investment Research Limited: Edison issues outlook on Circle Property (CRC) 12-Nov-2019 / 15:43 GMT/BST
London, UK, 12 November 2019 Edison issues outlook on Circle Property (CRC) Circle has issued a trading update ahead of interim results (9 December 2019) detailing continuing leasing progress with existing and recently acquired regional office assets. Active asset management has driven annual accounting returns of more than 20% in each of the three full years since IPO in February 2016. With the outlook for regional offices remaining positive, and with material further asset management opportunities, management expresses confidence for the full year outlook.
The continued NAV growth of the past year has not been reflected in the share price, leaving the shares at a c 30% discount to FY20e NAV. Continued leasing progress should support recurring income growth as well as further NAV growth and is a positive indicator for continuance of the progressive dividend policy. Click here to view the full report.
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910887 12-Nov-2019
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