The latest announcement is out from CLS Holdings ( (GB:CLI) ).
CLS Holdings PLC announced its annual results for the year ending December 31, 2024, highlighting significant progress in strategic objectives despite challenging economic conditions. The company reported a decrease in EPRA Net Tangible Assets and statutory NAV per share due to property valuation declines. However, strong leasing performance, property sales, and refinancing efforts have strengthened the balance sheet, positioning CLS for future growth. The commercial property market shows signs of recovery, and CLS plans to capitalize on these opportunities by resetting dividends and increasing asset disposals to fund refurbishment and redevelopment projects. Operational highlights include increased net rental income, strong rent collection, and successful property disposals. Financially, the company maintained a resilient balance sheet with significant liquidity and made progress in refinancing activities. CLS also continued its sustainability efforts, achieving energy savings and maintaining high sustainability ratings.
More about CLS Holdings
CLS Holdings PLC is a pan-European office and commercial property specialist focused on delivering long-term value through active management of high-yielding properties. The company aims to be a supportive, progressive, and sustainably focused property investment entity, with a market focus on the UK, Germany, and France.
YTD Price Performance: -7.74%
Average Trading Volume: 672,063
Technical Sentiment Signal: Strong Buy
Current Market Cap: £284.1M
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