Capital & Regional (GB:CAL) has released an update.
Capital & Regional, a UK-based shopping centre REIT, reported a 17.1% increase in Net Rental Income and a 0.8% rise in like-for-like valuations for the first half of 2024. The company’s leasing momentum remained strong with 48 new lettings and renewals, and a proposed interim dividend increase of 3.6%. Amidst a challenging economic backdrop, Capital & Regional’s community-focused strategy has led to occupancy improvements and robust financial metrics, positioning them well for continued growth.
For further insights into GB:CAL stock, check out TipRanks’ Stock Analysis page.
