Town Centre Securities Plc (TOWN.L), a property investment and car parking operator, on Friday reported a narrowed pre-tax loss in fiscal 2025, amid a 9.2 percent drop in net revenue. Further, EPRA earnings declined from last year, and the company trimmed its annual dividend by 41 percent.
Regarding the current trading, the company said the resilient trading performance has continued into the first half of fiscal 2026.
Looking ahead, Town Centre projects sustainable growth, and said it is exploring additional investment opportunities, both within traditional real estate and in complementary areas.
The Board recommended a final dividend of 2.5 pence payable on January 8, 2026, to shareholders registered on December 19, 2025. The resulting full-year dividend of 5.0 pence, is 41 percent lower than the previous year.
In the year, loss before tax narrowed to 1.07 million pounds from a loss of 11.16 million pounds a year ago.
The prior-year results have benn restated to reflect the impact of index-linked rent reviews on the application of IFRS 16.
Loss for the period attributable to owners of the parent shrank to 3.45 million pounds from 7.84 million pounds in the prior year. On a per share basis, loss reduced to 8.2 pence from 17.5 pence a year ago.
The company attributed the results mainly to reduced Valuation movement on investment properties and profit on disposal of freehold and leasehold properties compared to loss a year ago.
On EPRA basis, profit for the year slipped 71.8 percent to 1.78 million pounds from 6.30 million pounds in the prior year.
EPRA earnings per share declined to 4.2 pence from 14.0 pence last year.
Net asset value per share declined 4.4 percent to 266 pence from 279 pence a year ago.
The company reported operating profit of 6.34 million pounds, higher than 3.98 million pounds a year ago.
Gross revenue increased 2.3 percent to 32.69 million pounds from 31.97 million pounds last year. Meanwhile, net Revenue declined to 14.87 million pounds from 16.36 million pounds in the prior year.
Net revenue from properties declined 11.2 percent to 8.78 million pounds from 9.89 million pounds a year ago. Citi park-based net revenue declined 5.2 percent to 5.53 million pounds from 5.84 million pounds last year.
On the London Stock Exchange, the shares were trading 0.16 percent lower at 126.79 pence.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.