Palace Capital (PCA)

Sector:

Real Estate

Index:

FTSE Small Cap

 223.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 245.00
  • 52 Week Low: 202.00
  • Currency: UK Pounds
  • Shares Issued: 37.56m
  • Volume: 15,345
  • Market Cap: £83.76m

Palace inks twenty-year lease extension with Aldi

By Iain Gilbert

Date: Tuesday 02 Oct 2018

LONDON (ShareCast) - (Sharecast News) - Palace Capital has inked a 20-year lease with German discount grocer Aldi at its property in Gosport, securing a 17.4% uplift in rental income.
The Hampshire asset, which was added to Palace's portfolio in October 2017 as part of its £71.8m acquisition of RT Warren and its assets, is a 16,500 square foot supermarket site, originally let to Aldi for £247,800 per year.

However, as part of the revised lease terms, Palace and Aldi agreed upon an increased rental rate of £291,000 per annum, reflective of the long-term rental and capital growth opportunities originally identified by the company when it acquired the property.

Palace's chief executive Neil Sinclair, said: "When we acquired the RT Warren portfolio, which was the best portfolio we had seen in the UK property market for some time, we knew that it contained significant latent potential that we would be able to unlock with our asset management expertise, and this new deal is a strong example of that."

"We have increased our income and lease term to 20 years to a strong covenant which has a positive effect on the value of this property. We continue to actively asset manage the other properties within the RT Warren portfolio and look forward to updating the market on our progress in due course."

As of 1540 BST, Palace shares were flat on 304p.

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Palace Capital Market Data

Currency UK Pounds
Share Price 223.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 245.00
52 Week Low 202.00
Volume 15,345
Shares Issued 37.56m
Market Cap £83.76m

Palace Capital Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.64% above the market average62.64% above the market average62.64% above the market average62.64% above the market average62.64% above the market average
17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average
Price Trend
3.58% below the market average3.58% below the market average3.58% below the market average3.58% below the market average3.58% below the market average
27.78% below the sector average27.78% below the sector average27.78% below the sector average27.78% below the sector average27.78% below the sector average
Income
18.08% above the market average18.08% above the market average18.08% above the market average18.08% above the market average18.08% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Growth
73.33% below the market average73.33% below the market average73.33% below the market average73.33% below the market average73.33% below the market average
75.76% below the sector average75.76% below the sector average75.76% below the sector average75.76% below the sector average75.76% below the sector average

Palace Capital Dividends

  Latest Previous
  3rd Interim 2nd Interim
Ex-Div 20-Mar-25 28-Nov-24
Paid 22-Apr-25 27-Dec-24
Amount 3.75p 3.75p

Trades for 30-May-2025

Time Volume / Share Price
16:35 456 @ 223.00p
16:35 16 @ 223.00p
16:35 109 @ 223.00p
16:35 7 @ 223.00p
16:35 22 @ 223.00p

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