Overview
Town Centre Securities aims to maximise shareholder returns over the long term through the acquisition and active management of investments and developments (diversified across the retail, office and commercial accommodation sectors), with secure and growing income in good and improving locations. (Ticker changed to TOWN from TCSC on 26 February 2016).
Fundamentals
Price
Research History
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22 Jan 2021 16 min read
QuotedData’s Real Estate Annual Review – 2020
Real Estate Annual Review Kindly sponsored by Aberdeen Standard Investments Riding out the COVID rollercoaster The 2020 rollercoaster saw more downs than ups and at times felt like a pandemic induced freefall. Lockdowns, tiers and plenty of U-turns meant investing in property was not for the faint hearted. Positivity returned at the end of the […]
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17 Dec 2020 16 min read
QuotedData’s Real Estate Roundup – December 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data November’s biggest movers in price terms are shown in the chart below. The eagerly awaited news of a successful vaccine candidate came at the start of November, boosting the stock market. Property companies that had seen their share price battered over the past eight […]
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09 Oct 2020 14 min read
QuotedData’s Real Estate Roundup – October 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data September’s biggest movers in price terms are shown in the chart below. There was an eclectic mix of property companies to feature in the top price movers for September. Top of the tree was private rented sector and residential development specialist Sigma Capital Group, […]
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16 Jul 2020 10 min read
QuotedData’s Real Estate Quarterly Review – Q2 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments A polarised lens The covid-19 pandemic continued to wreak havoc in the real estate in the second quarter, but a polarisation of sectors and funds has started to become apparent. Companies focused on the retail, leisure and hospitality property sectors had already seen huge negative […]
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07 Jul 2020 16 min read
QuotedData’s Real Estate Roundup – July 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data June’s biggest movers in price terms are shown in the chart below. Uncertainty caused by the covid-19 pandemic continued to weigh on property stocks in June and we had the first real casualty in Intu Properties, which collapsed into administration. A number of companies […]
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10 Mar 2020 16 min read
QuotedData’s Real Estate Roundup – March 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data February’s biggest movers in price terms are shown in the chart below. Property stocks tumbled in February as fears over the spread of Covid-19 spooked financial markets around the world and resulted in the largest sell-off since the 2008 financial crisis. There were just […]
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13 Nov 2019 11 min read
QuotedData’s Real Estate Roundup – November 2019
Real Estate Roundup Performance data October’s biggest movers in price terms are shown in the chart below. For the second month running, Capital & Regional topped the list for share price growth: up 30.5% in the month – admittedly off a low base. The shopping centre landlord’s shares continued to rise after it agreed a […]
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10 Oct 2019 30 min read
Retail property market – ready for a renaissance?
Ready for a renaissance? There have been few structural shifts in the property sector as profound as the one currently taking place in retail. Consumer spending patterns have drastically changed over the past five years, with online sales now accounting for 19.7% of all retail spend in the UK (August 2019, source: ONS), compared to […]
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30 min read
Retail property market – ready for a renaissance?
Retail ready for a renaissance? There have been few structural shifts in the property sector as profound as the one currently taking place in retail. Consumer spending patterns have drastically changed over the past five years, with online sales now accounting for 19.7% of all retail spend in the UK (August 2019, source: ONS), compared […]
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02 Oct 2019 15 min read
QuotedData’s Real Estate Roundup – October 2019
Real Estate Roundup Performance data September’s biggest movers in price terms are shown in the chart below. The month of September was a bumper month for many property companies’ share price, dominated by retail focused companies, who in general have taken a hammering over the past 18 months or so. Top of the list was […]
News
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19 Jan 2021 1 min read
Town Centre Securities has collected 83% of rent since March 2020
Town Centre Securities, which owns retail, office and car park assets in the UK, has collected 83% of rent since March last year. This includes a 76% collection rate for the first quarter of 2021. In all, it has received £20.4m of the £24.6m it has billed since March last year (83%). This rises to […]
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22 Oct 2020 2 min read
Town Centre Securities collects 75% of rents in Q4
Town Centre Securities (TOWN), which owns property in Leeds, Manchester, Glasgow and London, has collected 75% of rents for the current quarter and 82% of rents since March 2020. Current quarter Of the £5.2m that TOWN billed for the quarter, it had collected £3.9m or 75%. A further £0.5m or 10% has been agreed to be deferred. […]
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22 Sep 2020 2 min read
Town Centre Securities sees NAV fall 17.4% in year
Town Centre Securities (TOWN) has posted a 17.4% fall in net asset value (NAV) in full year results to the end of June 2020. The company, which owns property in Leeds, Manchester and London, saw its NAV fall from 354p to 292p per share, primarily as a result of a revaluation of its portfolio, which […]
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21 Sep 2020 1 min read
Town Centre Securities makes £35.2m sale of retail assets
Town Centre Securities, the regional property investor and car park operator, has sold four retail properties in Scotland and London for £35.2m. It has sold two Waitrose stores in Milngavie and Glasgow; an Aldi/Home Bargains store in Milngavie; and a high street retail store in Chiswick, London. The details of the sales are as follows: […]
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09 Jul 2020 1 min read
Town Centre Securities collects 68% of reduced rent bill
Town Centre Securities has collected 68% of rents billed for the current quarter. Of the £5.2m billed, which is down on the £6.6m it billed the previous quarter, it collected £3.5m. It has also agreed a deferment on £0.6m (11%) of rent. In the previous quarter, it has collected 79% of the £6.6m billed and […]
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03 Jun 2020 2 min read
Town Centre Securities to pay interim dividend
Town Centre Securities (TCS) has announced it will pay an interim dividend for the six months to the end of December 2019, but has put future payments under review. The company, which owns a portfolio of retail, leisure and car parks, has said it will pay the previously announced 3.25p dividend in June, but its final […]
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09 Apr 2020 2 min read
Town Centre Securities provides covid-19 update
Town Centre Securities (TCS) has provided an update on the impact of covid-19, stating it has collected 71% of its rent for the quarter. For the rent quarters commencing 25 March and 1 April, TCS billed £4.9m of rent and service charge. As at 8 April 2020 it collected £3.5m or 71%, with a further […]
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22 Jan 2020 2 min read
Town Centre Securities updates on performance ahead of half-year results
Town Centre Securities (TCS), the property investor, developer and car park operator, has updated the market on its performance in the half-year ended 31 December 2019 ahead of its half-year results. Overview TCS is continuing to reposition its portfolio away from retail, investing in its estate through asset management and delivering and improving its development […]
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24 Sep 2019 2 min read
Town Centre sees assets and profits drop
Town Centre sees assets and profits drop – Town Centre Securities reports that, for the year ended 30 June 2019, its EPRA NAV fell by 7.8% to 354p on the back of a 3.8% fall in the value of its portfolio. Despite a 2.6% increase in like-for-like rents, EPRA profit before tax fell by 7.9% […]
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21 Jul 2016 4 min read
Small Companies Dividend Trust provides a year of strong outperformance
Small Companies Dividend Trust has announced its annual results for the year ended 30 April 2016. During the year, the Trust’s NAV per ordinary share increased by 8.44% whilst its ordinary share price increased by 17.41%. Total dividends for the year are 9.1p per ordinary share including a special dividend of 1.6p. During the same […]
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17 Sep 2015 1 min read
Town Centre Securities beats benchmark for year to June
Town Centre Securities has published results for the year ended 30 June 2015. It is reporting an 11.7% increase in NAV to 344p, a maintained dividend of 10.44p (which was covered 1.16x by underlying earnings per share of 12.1p – down from 14.4p the previous year). The total return to shareholders was 19%. Like-for-like property […]
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07 May 2015 1 min read
Town Centre Securities reports planning success and a development for the NHS
Whitehall Road offices receive planning permission: Town Centre Securities has secured planning consent for an eight story, 70,000 square foot office with 38 parking spaces on a brownfield plot on Whitehall Road, Leeds. The development forms part of the TCS Whitehall Riverside scheme which includes 300,000 square foot of premium office space, a 500 space multi-storey […]
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30 Mar 2015 1 min read
Town Centre Securities invests in Leeds
Town Centre Securities has announced the acquisition of Units 2, 3 and 6 Waterside Business Park, a multi-let industrial estate in Stourton, Leeds from clients of CBRE Investors. The three units were purchased for a total of £4.48m, reflecting a net initial yield of 7.25%. Tenants include SW Group Logistics limited, European Stock Solutions Limited […]
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17 Sep 2014 1 min read
Town Centre Securities boosted by Merrion Centre
TCSC : Town Centre Securities boosted by Merrion Centre Town Centre Securities results for the year ended 30 June 2014 show its net asset value climbing from 285p to 320p. The dividend for the year is being maintained at 10.44p. the portfolio total return was in-line with that of the IPD Index at 17.6%. Their […]
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12 Feb 2014 1 min read
Town Centre Securities : TCSC – half year report
Town Centre Securities figures for the second half of 2013 show an increase in NAV from 267p to 283p (the triple net asset value rose to 301p from 285p). Occupancy was maintained at 98%. The interim dividend was maintained at 3.1p. Borrowings fell slightly to £158m. TCSC reported progress on lettings at its Merrion Way […]