Palace Capital is a UK property investment company. It is not sector-specific and looks for opportunities where it can enhance long-term income and capital value through asset management and strategic capital development in locations outside London.
More Palace Capital content >Investment summary
Palace Capital (PCA) has recently disclosed several positive developments covering the near completion of its non-core disposal programme, the commencement of capital redeployment into opportunities with more attractive return profiles and leasing progress at its attractive York development, completed earlier in FY22. A highly experienced new chairman has also been appointed.
Y/E Mar |
Revenue (£m) |
EBITDA (£m) |
PBT (£m) |
EPS (p) |
P/E (x) |
P/CF (x) |
|---|---|---|---|---|---|---|
| 2020A | 21.1 | 14.6 | 8.0 | 17.5 | 14.6 | 7.5 |
| 2021A | 17.3 | 10.6 | 7.5 | 16.4 | 15.6 | 10.4 |
| 2022E | 16.8 | 13.8 | 6.9 | 15.1 | 17.0 | 3.2 |
| 2023E | 17.3 | 13.8 | 7.7 | 16.7 | 15.3 | 3.6 |
Industry outlook
The commercial property market is cyclical, historically exhibiting substantial swings in capital values through cycles while income returns have been more stable. The pandemic continues to generate uncertainty but rebounding GDP growth, continuing low interest rates, and lockdown easing are supporting strong commercial property returns, still led by the industrials, but broadening across all sectors.
Last updated on 21/01/2022Content on Palace Capital
Sector |
|---|
|
Real Estate
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Share price graph
Balance sheet |
|
|---|---|
| Forecast net debt (£m) | 61.6 |
| Forecast gearing ratio (%) | 37 |
Price performance
% |
1m |
3m |
12m |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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| *% relative to local index | |||||||||||||||
Key management |
|
|---|---|
| Neil Sinclair | CEO |
| Matthew Simpson | CFO |
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