Office investor CLS Holdings’ stock was up a little over 2% at 223p a share today, after the company published a set of 2020 annual results that its chief executive described as “positive” in an “unusual and challenging year”.
CLS posted EPRA net tangible assets per share of 345.2p, up by 5.8% year-on-year, and NAV per share 350.1p, an increase of 6.3%. Pre-tax profit fell by 39.3% to £96m, while net rental income was relatively flat at £109.8m.
The day’s biggest rises for real estate-focused companies came from Dukemount Capital, up by 10%, and Foxtons, also rising by 10% on the back of a set of results that highlighted a “strong start” to 2021 and fresh activity on the acquisition trail.
The sector’s steepest fall was posted by Capital & Regional, which dropped by 11%, wiping out most of the company’s gains from this week.
At the close of trading, the FTSE 100 stood at 6,725, a fall of 0.07%, while the FTSE 250 was at 21,406, up by 0.1%.
To send feedback, e-mail tim.burke@egi.co.uk or tweet @_tim_burke or @estatesgazette
