leadf
logo-loader
viewCircle Property PLC
(
AIM:CRC
)

Regional offices holding up in lockdown says Circle Property CEO

John Arnold, chief executive of Circle Property PLC (LON:CRC) says regional office space has been least affected by the coronavirus lockdown across the UK. Regional offices make up the bulk of Circle’s portfolio and it continues to collect most rents on time. And while rental activity has slowed since March, it has not stopped entirely, he says. Up until then, the group was doing well he adds, with nine new lettings last year and a 4.7% increase in net asset value in the financial year to 290p. Circle has decided to postpone its final dividend, but that is due to the lack of visibility currently about when the lockdown situation will change, he says. When there is greater clarity on that, the dividend will be looked at again.

Quick facts: Circle Property PLC

Follow
AIM:CRC

Price: 207 GBX

Market Cap: £59.1 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

Circle Property's John Arnold hoping for another year of NAV growth

Circle Property PLC's (LON:CRC) John Arnold speaks to Proactive after announcing they've recorded their fourth successive year of growth in its net asset value (NAV). The regional offices specialist revealed that its NAV per share rose by 3% to 285p at the end of March 2020 from 277p a year...

on 25/9/20

2 min read