Real estate investment Trust Shaftesbury plc (SHB.L) Wednesday reported higher profit for the first half influenced by higher investment property valuation movements. The ERPA or adjusted earnings per share however was lower compared with the same period last year.
For the period, the firm reported pre-tax profit of 81.8 million pounds, up from 38.1 million pounds last year.
Profit and total comprehensive income for the period amounted to 80.8 million pounds compared with 37.8 million pounds reported for the year earlier period.
Earnings per share were 32 pence versus 15 pence last year. On a ERPA adjusted basis however earnings were 6 pence, lower than 6.3 pence reported for the corresponding period last year.
Net property income for the six months was 35.9 million pounds compared with 35.5 million pounds reported last year.
Investment property valuation movements amounted to 62 million pounds versus 22.3 million pounds for the year ago period.
The company has further declared an interim dividend of 6.25 pence per share, payable on July 5 and will be a property income distribution or PID.
Net asset value per share was 4.69 pounds, up from 4.43 pounds reported last year. On a ERPA adjusted basis, net asset value per share was 5.23 pounds versus 4.98 pounds a year earlier.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.