Shaftesbury Capital reports strong earnings growth
#Shaftesbury Capital #Earnings Growth #West End Properties #Property Valuation #Dividend Increase #Covent Garden #Norges Bank Investment Management
📌 Key Takeaways
- Shaftesbury Capital reported 12% earnings growth to 4.5 pence per share
- Property portfolio valuation increased 6.6% to £5.4 billion
- Company announced 14% dividend increase to 4.0 pence per share
- Completed £574 million partnership deal with Norges Bank Investment Management
- Retail properties performed particularly well with 10.4% valuation growth
📖 Full Retelling
British property investment company Shaftesbury Capital reported a 12% increase in underlying earnings per share to 4.5 pence for the year ended December 31, 2025, in London, driven by strong operational performance across its West End retail, food and beverage, and office properties. The company's property portfolio valuation rose 6.6% on a like-for-like basis to £5.4 billion, with revenue growing 5.3% to £215 million, supported by 434 leasing transactions totaling £39 million in contracted rent that exceeded December 2024 estimated rental values by 10.3%. Shaftesbury Capital also announced a 14% dividend increase to 4.0 pence per share, reflecting its strong financial position and commitment to returning value to shareholders. Chief Executive Ian Hawksworth emphasized the continued performance of their West End estates, highlighting high occupancy, footfall, and customer sales as key drivers of success. In a significant strategic move completed in April 2025, the company sold a 25% non-controlling interest in its Covent Garden estate to Norges Bank Investment Management for £574 million, which substantially strengthened the balance sheet by reducing EPRA loan-to-value from 27.4% to 16.8% and cutting net debt from £1.4 billion to £813 million.
🏷️ Themes
Property Investment, Financial Performance, Strategic Partnerships
📚 Related People & Topics
Shaftesbury Capital
London-based quoted REIT
Shaftesbury Capital, formerly Capital & Counties Properties plc, (Capco) is a United Kingdom-based property investment and development company focused on sites in the West End of London, including Covent Garden, Chinatown London and Carnaby Street, Soho. It is listed on the London and Johannesburg ...
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry AMD stock surges 14% on Meta AI partnership deal Gold prices rise 1% as tariff jitters aid haven demand; silver, platinum rally Bitcoin slips, wipes out 50% from October record high at session low Wall Street ends higher on tech rebound ahead of State of the Union address (South Africa Philippines Nigeria) Shaftesbury Capital reports strong earnings growth By Investing.com Editor Maria Ponnezhath Earnings Editor Maria Ponnezhath Published 02/25/2026, 03:06 AM Shaftesbury Capital reports strong earnings growth 0 SHCS 4.48% Investing.com - Shaftesbury Capital on Wednesday reported a 12% increase in underlying earnings per share to 4.5 pence for the year ended December 31, 2025, surpassing the prior year’s 4.0 pence. The West End property owner also announced a 14% dividend increase to 4.0 pence per share, reflecting strong operational performance across its portfolio of retail, food and beverage, and office properties. The company’s property portfolio valuation rose 6.6% on a like-for-like basis to £5.4 billion, driven by a 6.2% increase in estimated rental values to £270 million. Revenue grew 5.3% like-for-like to £215 million, supported by 434 leasing transactions totaling £39 million in contracted rent, which came in 10.3% above December 2024 estimated rental values and 13.9% above previous passing rents. The portfolio maintained high occupancy with only 2.6% of estimated rental value available to let. Chief Executive Ian Hawksworth stated: "We are pleased to report another excellent year, delivering growth in rental income, earnings, dividends, property valuation and net tangible assets per share. Our West End estates continue to perform, with vibrant destinations supported by high occupancy, footfall and customer sales." The company’s EPRA net tangible assets per share increased 7.2% to 214.7 pence, delivering a total accounting return of 9.1%. The portfolio’s equivalent yield compressed marginally by 2 ba...
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