Capital & Regional (CAL)

Sector:

Real Estate

Index:

FTSE Small Cap

51.90p
   
  • Change Today:
      0.100p
  • 52 Week High: 60.80
  • 52 Week Low: 50.00
  • Currency: UK Pounds
  • Shares Issued: 224.16m
  • Volume: 260,816
  • Market Cap: £116.34m
  • RiskGrade: 438

Capital & Regional hails 'strong' year as footfall recovers

By Abigail Townsend

Date: Thursday 02 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Capital & Regional reported a jump in revenues on Thursday, as retail footfall continued to strengthen post pandemic.
The real estate investment trust, which owns a portfolio of in-town shopping centres, said revenues in the year to 31 December 2022 rose 11% £60.6m, while net rental income increased 17% to £23.5m. Adjusted profits jumped nearly 58% to £10.3m.

The net asset value was £179.1m, compared to £168.4m a year previously.

The property portfolio value fell, however, to £322.8m from £352.4m at the end of 2021.

Lawrence Hutchings, chief executive, said: "Despite the broader macro-economic headwinds throughout the year, the continued retail recovery from Covid and a robust Christmas trading season has helped us drive a strong operational performance in 2022."

Footfall for the year in the company's centres was 27% ahead of 2021, and up 84% on 2019.

Looking to the current year, Hutchings acknowledged that macroeconomic conditions continued to present "a challenging backdrop, most prominently through the impact of inflationary pressure on the consumer".

But he continued: "We are encouraged by our operational resilience and a growing appreciation of the critical role which physical stores play in successful omnichannel retailing. We believe we are well-positioned to continue to navigate the current cyclical pressures."

As at 0945 GMT, shares were largely flat at 147.6p.

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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.

 

CAL Market Data

Currency UK Pounds
Share Price 51.90p
Change Today 0.100p
% Change 0.19 %
52 Week High 60.80
52 Week Low 50.00
Volume 260,816
Shares Issued 224.16m
Market Cap £116.34m
RiskGrade 438

CAL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.43% above the market average87.43% above the market average87.43% above the market average87.43% above the market average87.43% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Price Trend
20.46% below the market average20.46% below the market average20.46% below the market average20.46% below the market average20.46% below the market average
39.53% below the sector average39.53% below the sector average39.53% below the sector average39.53% below the sector average39.53% below the sector average
Income
96.22% above the market average96.22% above the market average96.22% above the market average96.22% above the market average96.22% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
68.82% below the market average68.82% below the market average68.82% below the market average68.82% below the market average68.82% below the market average
43.59% below the sector average43.59% below the sector average43.59% below the sector average43.59% below the sector average43.59% below the sector average

What The Brokers Say

Strong Buy 1
Buy 4
Neutral 0
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CAL Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Apr-24 31-Aug-23
Paid 31-May-24 22-Sep-23
Amount 2.95p 2.75p

Trades for 28-Mar-2024

Time Volume / Share Price
16:28 50,000 @ 51.95p
16:14 8,500 @ 52.05p
16:12 18,667 @ 52.05p
16:09 9,500 @ 52.05p
15:40 2 @ 52.40p

CAL Key Personnel

CEO Lawrence Hutchings
Finance Director Stuart Wetherly

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