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Circle Property PLC

All good news for Circle Property as demand for provincial office space remains strong

John Arnold, chief executive of Circle Property PLC (LON:CRC), tells Proactive they've recorded another six months of strong rental growth and rising asset values.

On a per share basis, assets rose by 15.3% to 211p, making a 40% uplift since the company joined AIM in February 2016.

Rental income rose by 26% to £2.9mln with the interim dividend 8% higher at 2.6p.

Over the half, Circle negotiated rent increases worth £379,000 or 7.2%.

Quick facts: Circle Property PLC

Price: £1.91

Market: LSE
Market Cap: £54.53 m
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'The future is in provincial offices' - Circle Property CEO John Arnold

John Arnold, chief executive of Circle Property PLC (LON:CRC) tells Proactive's Andrew Scott the provincial commercial property specialist enjoyed another successful year, with net asset value (NAV) per share rising 25%. The NAV per share at the end of March – the end of Circle's fiscal...

on 2/7/18

2 min read