Financial PositionShaftesbury's balance sheet is also in a strong position, with £240m of asset sales over the past 18 months, and the £94m sale of its 50% Longmartin joint venture stake to its partner.
Market ValuationShaftesbury's shares are trading at a 30% discount to our FY24 NTA forecast of 194p, which in a normal market would be a clear Buy signal.
Operational PerformanceStrong operational results with the group signing 473 leasing transactions, 9% above estimated rental values.