Capital & Regional (GB:CAL) has released an update.
Capital & Regional, a UK-based REIT focused on community shopping centres, reports a resilient operational performance for the year ending December 30, 2023. The company saw a 5% like-for-like increase in Net Rental Income and a 9.7% growth in Adjusted Earnings per share, leading to a 7.3% increase in proposed final dividend. These positive financial results were bolstered by strategic acquisitions like the Gyle shopping centre in Edinburgh and asset management initiatives, despite a challenging economic environment.
For further insights into GB:CAL stock, check out TipRanks’ Stock Analysis page.
