Making their second appearance on Hardman Talks, we were delighted to host Palace Capital on 26th November for a results webinar and Q&A session.
Despite a slight increase in LTV to >40%, as experts in regional property, Palace Capital offers investors both income and capital growth. With properties located in key growth areas in the UK, the outlook remains positive.
The presentation took place on the back of their recently announced interim results, with an adjusted EPS of 7.3p, Q2 dividend of 2.5p declared, and >90% expected rent collection for December, as a few of the financial highlights to mention. Operationally, the flagship Hudson Quarter development remains on track and within budget, for a March 2021 completion date.
Questions from our live audience included interest in M&A activity, which properties in the portfolio would be considered as “trading properties’, as well as more detail on LTV targets for 2021, and structural development plans for Hudson Quarter given COVID-19 implications and higher demand for properties with more outdoor space.
We look forward to hosting more live events with Palace Capital soon.
Missed the episode? Download the slide pack here.
Watch the video below.