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Shaftesbury Capital ( (GB:SHC) ) just unveiled an update.
Shaftesbury Capital PLC reports strong demand and leasing activity in its West End portfolio, with occupancy and leasing 8% ahead of December 2024 ERV, and a 3% increase in annualized rent roll. The company has completed a £2.7 billion partnership with NBIM for the Covent Garden estate, enhancing financial flexibility and growth opportunities. With a robust balance sheet and significant liquidity, Shaftesbury Capital is well-positioned to capitalize on market opportunities, despite macroeconomic uncertainties, aiming for sustained income and value growth for shareholders.
The most recent analyst rating on (GB:SHC) stock is a Buy with a £165.00 price target. To see the full list of analyst forecasts on Shaftesbury Capital stock, see the GB:SHC Stock Forecast page.
Spark’s Take on GB:SHC Stock
According to Spark, TipRanks’ AI Analyst, GB:SHC is a Outperform.
Shaftesbury Capital benefits from strong financial metrics, positive technical indicators, and strategic corporate actions, such as the partnership with Norges Bank. These factors, combined with its attractive valuation, position the stock favorably for growth.
To see Spark’s full report on GB:SHC stock, click here.
More about Shaftesbury Capital
Shaftesbury Capital PLC is a leading central London mixed-use Real Estate Investment Trust (REIT) and a constituent of the FTSE-250 Index. The company manages a property portfolio valued at £5 billion, encompassing 2.7 million square feet of lettable space in vibrant areas of London’s West End, including Covent Garden, Carnaby, Soho, and Chinatown. Shaftesbury Capital’s diverse portfolio includes shops, restaurants, cafés, bars, residential, and office spaces, strategically located near major transport hubs. The company’s shares are listed on the London Stock Exchange and the Johannesburg Stock Exchange.
Average Trading Volume: 4,430,860
Technical Sentiment Signal: Buy
Current Market Cap: £2.83B
For detailed information about SHC stock, go to TipRanks’ Stock Analysis page.