Town Centre Securities (TOWN) AI Stock Analysis

• Market Cap: £51.35M
• Dividend Yield: 3.94%
• Average Volume (3M): 6.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.10
• Revenue Growth: 16.08%
• EPS Growth: 56.94%
• Country: UK
• Employees: 150
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): -0.09
• Shares Outstanding: 42,162,678
• 10 Day Avg. Volume: 6,428
• 30 Day Avg. Volume: 6,143
• PEG Ratio: 0.30
• Price to Book (P/B): 0.51
• Price to Sales (P/S): 1.66
• P/FCF Ratio: -40.49
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: 124.00p ▼(-1.59% Downside)

The overall stock score is primarily influenced by financial performance challenges, including profitability and cash flow issues. Technical analysis provides a neutral outlook, while valuation is negatively impacted by the company's losses, despite a decent dividend yield.

Positive Factors

Revenue Growth

Strong revenue growth indicates the company's ability to expand its market presence and enhance its asset utilization, supporting long-term business sustainability.

Operational Efficiency

Positive EBIT and EBITDA margins reflect operational efficiency, suggesting the company effectively manages its operational costs, which is crucial for long-term profitability.

Diversified Revenue Streams

Diversified revenue streams from rental income, property management, and development projects provide stability and reduce reliance on a single income source, enhancing resilience.

Negative Factors

High Leverage

Significant leverage increases financial risk, potentially impacting liquidity and limiting the company's ability to invest in growth opportunities.

Profitability Challenges

Negative net profit margins highlight ongoing profitability issues, which can affect the company's ability to generate sustainable earnings and shareholder value.

Declining Cash Flow

Declining free cash flow indicates potential liquidity constraints, affecting the company's ability to fund operations and invest in future growth initiatives.

Town Centre Securities Business Overview & Revenue Model

Company Description

Town Centre Securities (TOWN) is a UK-based property investment and development company, specializing in the acquisition, management, and development of commercial and residential real estate. Operating primarily within the retail and leisure sectors, TOWN focuses on enhancing urban environments through strategic property initiatives, including mixed-use developments and regeneration projects. The company’s portfolio includes a diverse range of assets, from shopping centers to office spaces, demonstrating its commitment to creating vibrant town centers that foster community engagement and economic growth.

How the Company Makes Money

Town Centre Securities generates revenue primarily through rental income from its diversified property portfolio, which includes retail, office, and residential spaces. The company leases these properties to various tenants, providing a steady cash flow. Additionally, TOWN earns revenue from property management services and development projects, including fees from construction and project management. The company also engages in joint ventures and partnerships with other real estate firms and local authorities, which can lead to profit-sharing arrangements on various developments. Furthermore, capital appreciation of its property assets contributes to overall financial performance, allowing TOWN to realize gains upon the sale of properties or through refinancing strategies.

Town Centre Securities Financial Statement Overview

Summary

Town Centre Securities shows strong revenue growth but faces challenges with profitability and cash flow management. High leverage and negative returns on equity highlight financial risks, despite operational efficiency indicated by positive EBIT and EBITDA margins.

Income Statement

The income statement shows a mixed performance. Revenue growth is strong at 42.7%, but profitability is a concern with a negative net profit margin of -9.99% and declining gross profit margins. The EBIT and EBITDA margins are positive, indicating operational efficiency, but the overall net losses highlight challenges in achieving profitability.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio of 1.41, indicating significant leverage, which could pose financial risks. The return on equity is negative, suggesting inefficiencies in generating returns for shareholders. However, the equity ratio is stable, showing a balanced asset structure.

Cash Flow

Cash flow analysis reveals a concerning decline in free cash flow growth at -118.6%. The operating cash flow to net income ratio is low, indicating challenges in converting income into cash. The negative free cash flow to net income ratio further underscores liquidity issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	24.87M	34.49M	31.97M	31.20M	29.72M	21.43M
Gross Profit	14.38M	14.38M	16.16M	18.18M	17.45M	13.95M
EBITDA	11.04M	11.43M	-1.27M	10.68M	12.09M	8.88M
Net Income	-3.45M	-3.45M	-8.01M	-29.49M	11.01M	-576.00K
Balance Sheet
Total Assets	281.43M	281.43M	292.43M	306.68M	375.07M	364.10M
Cash, Cash Equivalents and Short-Term Investments	17.99M	17.99M	25.33M	29.76M	22.15M	21.67M
Total Debt	157.90M	157.90M	159.37M	153.21M	185.94M	197.20M
Total Liabilities	169.13M	169.13M	172.79M	165.59M	195.76M	208.70M
Stockholders Equity	112.30M	112.30M	119.64M	141.09M	179.30M	155.40M
Cash Flow
Free Cash Flow	-1.41M	-1.41M	6.08M	7.46M	4.57M	-2.47M
Operating Cash Flow	3.42M	3.42M	6.60M	8.04M	4.85M	-2.28M
Investing Cash Flow	-2.10M	-2.10M	2.24M	51.06M	10.72M	44.08M
Financing Cash Flow	-3.10M	-3.10M	-9.07M	-56.21M	-17.39M	-43.61M

Town Centre Securities Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 126.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TOWN, the sentiment is Negative. The current price of 126 is above the 20-day moving average (MA) of 124.05, above the 50-day MA of 124.72, and below the 200-day MA of 128.45, indicating a bearish trend. The MACD of -0.64 indicates Positive momentum. The RSI at 46.33 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:TOWN.

Town Centre Securities Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AIRE	73 Outperform	£60.38M	8.31	10.96%	8.23%	8.48%	207.85%
CREI	72 Outperform	£389.45M	7.47	11.71%	7.17%	1.60%	211.81%
PCA	66 Neutral	£42.88M	23.07	4.34%	7.14%	-41.22%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
PCTN	60 Neutral	£423.89M	10.88	7.51%	5.15%	-3.98%	412.08%
RLE	54 Neutral	£55.43M	48.03	1.28%	5.02%	-9.28%	―
TOWN	46 Neutral	£51.35M	-14.90	-2.97%	3.94%	16.08%	56.94%

Town Centre Securities Corporate Events

Town Centre Securities Director Trims Stake as Ziff Concert Party Retains Control

Town Centre Securities has disclosed that non-executive director Michael Ziff sold 25,000 ordinary shares on 8 January 2026, equivalent to 0.06% of the company’s issued share capital, at a price of 124 pence per share in an off-market transaction. Following the sale, Ziff retains 2,351,103 beneficial and 7,443,445 non-beneficial shares, giving him 5.6% and 17.7% stakes respectively, while the Ziff Concert Party – comprising three directors and their immediate families and trusts – continues to hold a controlling 56.6% of the company, underscoring the family’s firm grip on TCS despite the modest disposal.

The most recent analyst rating on (GB:TOWN) stock is a Hold with a £124.00 price target. To see the full list of analyst forecasts on Town Centre Securities stock, see the GB:TOWN Stock Forecast page.

Town Centre Securities Announces Dividend Changes

Town Centre Securities PLC announced the withdrawal of its 2025 final dividend of 2.5p per share, replacing it with an interim dividend of the same amount. This decision will not affect future dividend declarations, including the interim dividend in March 2026 or the proposed final dividend for the 2026 AGM. The announcement reflects the company’s strategic financial management and may influence shareholder expectations.

The most recent analyst rating on (GB:TOWN) stock is a Hold with a £142.00 price target. To see the full list of analyst forecasts on Town Centre Securities stock, see the GB:TOWN Stock Forecast page.

Town Centre Securities PLC Successfully Passes All AGM Resolutions

Town Centre Securities PLC announced that all resolutions proposed at its Annual General Meeting on 25 November 2025 were successfully passed. The resolutions included the adoption of financial statements, re-election of directors, appointment of auditors, and authorizations related to share allotment and political donations. This outcome reflects strong shareholder support and positions the company for continued strategic operations and governance.

The most recent analyst rating on (GB:TOWN) stock is a Hold with a £142.00 price target. To see the full list of analyst forecasts on Town Centre Securities stock, see the GB:TOWN Stock Forecast page.

Town Centre Securities Reports Resilient Performance Amid Economic Challenges

Town Centre Securities PLC reported its final results for the year ending June 30, 2025, highlighting resilience amidst challenging economic conditions. Despite a statutory loss before tax of £3.4 million, the company maintained strong rent collection and occupancy rates, and focused on core operations and development programs. Notable achievements include planning approval for a significant student accommodation project at the Merrion Centre and progress at the Whitehall Riverside development. The company’s strategic initiatives aim to balance financial robustness with the pursuit of growth opportunities, positioning it well for future developments.

The most recent analyst rating on (GB:TOWN) stock is a Hold with a £142.00 price target. To see the full list of analyst forecasts on Town Centre Securities stock, see the GB:TOWN Stock Forecast page.