Shaftesbury Capital PLC (LSE:SHC) delivered another upbeat trading update, underscored by near-full occupancy across its West End holdings and a notable surge in leasing activity. The company has completed 367 leasing deals so far this year, securing £30.2 million in new contracted rent—well ahead of prior rental benchmarks. With its active asset management approach and broad mix of destination-led properties, management signals confidence in further growth, supported by a solid balance sheet and ample liquidity. Recent selective acquisitions and a newly arranged £300 million credit facility further reinforce the group’s financial flexibility and long-term investment capacity.

Management’s outlook is shaped by continued revenue expansion and improving profitability metrics, alongside what appears to be an appealing valuation profile, including a modest P/E ratio and a healthy dividend yield. While technical indicators are mixed—showing mild short-term weakness against generally improving momentum—there are no recent earnings calls or corporate developments to materially shift the narrative.

More about Shaftesbury Capital

Shaftesbury Capital PLC is a major central London mixed-use REIT within the FTSE 250. Its £5.2 billion portfolio covers roughly 2.7 million square feet across iconic West End districts such as Covent Garden, Carnaby, Soho, and Chinatown. The company curates a diverse blend of retail, dining, leisure, residential, and office spaces, all located in high-footfall neighbourhoods with excellent transport connectivity.

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