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An update from KCR Residential REIT PLC ( (GB:KCR) ) is now available.
KCR Residential REIT PLC has successfully refinanced its Hodge Bank facilities by securing a new five-year, £7.85 million Sharia-compliant loan with Al Rayan Bank. This refinancing effort, while providing additional capital for ongoing activities, results in higher annual funding costs due to increased interest rates, posing continued cash constraints and challenges in achieving a cash-neutral position for the company.
Spark’s Take on GB:KCR Stock
According to Spark, TipRanks’ AI Analyst, GB:KCR is a Underperform.
KCR Residential REIT PLC is facing significant hurdles, primarily due to financial performance issues, including negative cash flows and high leverage. Technical analysis indicates a bearish trend, while valuation concerns persist with a negative P/E ratio. Despite a slight increase in rental income, overall risks outweigh positives, reflected in the stock’s low score.
To see Spark’s full report on GB:KCR stock, click here.
More about KCR Residential REIT PLC
KCR Residential REIT PLC is a company operating in the real estate investment trust (REIT) industry, focusing on residential properties. The company primarily deals with the acquisition, development, and management of residential real estate assets, aiming to provide rental income and capital growth for its stakeholders.
YTD Price Performance: -8.82%
Average Trading Volume: 88,719
Technical Sentiment Signal: Strong Buy
Current Market Cap: £3.23M
For detailed information about KCR stock, go to TipRanks’ Stock Analysis page.