CLS Holdings (CLI)

Sector:

Real Estate

Index:

FTSE Small Cap

86.10p
   
  • Change Today:
    -0.90p
  • 52 Week High: 145.80
  • 52 Week Low: 85.30
  • Currency: UK Pounds
  • Shares Issued: 397.41m
  • Volume: 276,191
  • Market Cap: £342.17m
  • RiskGrade: 119

CLS FY earnings on track to grow, group 'well positioned' for future

By Iain Gilbert

Date: Wednesday 16 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Commercial property investor CLS Holdings said on Wednesday that full-year earnings per share were on track to rise, with the group now also being "well positioned" for the future.
CLS stated that between 1 July and 30 September, 24 deals were signed securing £1.5m of annual rent at 5.9% above ERV, with the most significant being a lease extension with Rockwell Automation in Dusseldorf that secured €400,000 of rent at 11.1% above ERV.

Renewals for the period were 12.4% ahead of previously contracted rent and index-linked lease increases during the period were 6.7% in Germany, 2.5% in France, and 11.8% at Spring Gardens in the UK.

CLS added that by close on 15 November, it had received 97% of Q4 contractual rents due and for the first three quarters of 2022, it had received 98% of contractual rents due.

Chief executive Fredrik Widlund said: "CLS remains on course with its plans for the year with earnings tracking in-line with market expectations. Our office upgrade strategy remains a priority and we are seeing the benefits in good letting activity with leases signed above ERV and previous passing rent.

"With our strong balance sheet, a high-quality portfolio, a majority of index-linked leases and our active in-house asset management, we believe we are well positioned to weather the current challenging economic conditions."

As of 0935 GMT, CLS shares were down 0.97% at 153.89p.









Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CLS Holdings Market Data

Currency UK Pounds
Share Price 86.10p
Change Today -0.90p
% Change -1.03 %
52 Week High 145.80
52 Week Low 85.30
Volume 276,191
Shares Issued 397.41m
Market Cap £342.17m
RiskGrade 119

CLS Holdings Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.53% above the market average91.53% above the market average91.53% above the market average91.53% above the market average91.53% above the market average
95.00% above the sector average95.00% above the sector average95.00% above the sector average95.00% above the sector average95.00% above the sector average
Price Trend
67.31% below the market average67.31% below the market average67.31% below the market average67.31% below the market average67.31% below the market average
90.7% below the sector average90.7% below the sector average90.7% below the sector average90.7% below the sector average90.7% below the sector average
Income
81.08% above the market average81.08% above the market average81.08% above the market average81.08% above the market average81.08% above the market average
87.10% above the sector average87.10% above the sector average87.10% above the sector average87.10% above the sector average87.10% above the sector average
Growth
58.89% below the market average58.89% below the market average58.89% below the market average58.89% below the market average58.89% below the market average
38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CLS Holdings Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Mar-24 07-Sep-23
Paid 02-May-24 03-Oct-23
Amount 5.35p 2.60p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 39,896 @ 86.10p
16:35 8 @ 86.10p
16:35 458 @ 86.10p
16:35 122 @ 86.10p
16:35 336 @ 86.10p

CLS Holdings Key Personnel

CEO Fredrik Widlund
CFO Andrew Kirkman

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