Stock Market News
NAV, dividends keep rising at TR Property
TR Property Investment Trust posted its full year results for the 12 months to 31 March on Thursday, with its net asset value per share rising 5% to 352.42p.
The FTSE 250 company said shareholder's funds totalled £1.118bn at year-end - an increase of 5% - with the number of shares in issue down slightly year-on-year at 317.4 million, from 317.5 million.
Its net debt ratio was 13.3%, increasing from 11.9% at the end of the 2016 financial year.
The share price moved 5.7% during the year to 314.50, and its market capitalisation was also ahead 5.7% at £998m.
Revenue earnings per share were 11.38p, up 36.1%, and the board paid a net interim dividend of 4.1p, a 30.2% increase.
Including its net final dividend per share of 6.4p - a 23.1% improvement - TR Property's net total dividend per share was 10.5p, up 25.7% on a year earlier.
"I'm pleased to report another solid year of performance from the trust," said chairman Hugh Seaburn.
"The board are particularly pleased to announce a final dividend of 6.4p which brings the full year dividend to 10.5p, a 25.7% increase on the previous year.
"This also brings the 10 year compound annual dividend growth rate to an impressive 9.9%."
The FTSE 250 company said shareholder's funds totalled £1.118bn at year-end - an increase of 5% - with the number of shares in issue down slightly year-on-year at 317.4 million, from 317.5 million.
Its net debt ratio was 13.3%, increasing from 11.9% at the end of the 2016 financial year.
The share price moved 5.7% during the year to 314.50, and its market capitalisation was also ahead 5.7% at £998m.
Revenue earnings per share were 11.38p, up 36.1%, and the board paid a net interim dividend of 4.1p, a 30.2% increase.
Including its net final dividend per share of 6.4p - a 23.1% improvement - TR Property's net total dividend per share was 10.5p, up 25.7% on a year earlier.
"I'm pleased to report another solid year of performance from the trust," said chairman Hugh Seaburn.
"The board are particularly pleased to announce a final dividend of 6.4p which brings the full year dividend to 10.5p, a 25.7% increase on the previous year.
"This also brings the 10 year compound annual dividend growth rate to an impressive 9.9%."
Related share prices |
---|
TR Property Inv Trust (TRY) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- RBS share price
- Diageo share price
- Standard Life Share Price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- Morrisons Share Price
- Aviva Share Price
- ASOS Share price
- RPT Share Price
- SXX Share Price
- Easyjet Share Price
- Next Share Price
- Thomas Cook Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- Greene King Share Price
- Marstons share price
- NUOG share price
- UKOG share price
- SOLG share price