Channel Islands Property Fund (TISE: CIPF)

Currency in GBP

Last close As at 30/11/2023

GBP0.88

0.00 (0.00%)

Market capitalisation

GBP149m

Channel Islands Property Fund was established with the objective of providing an investment opportunity that provides shareholders with a total return from a combination of quarterly dividends and capital growth through the acquisition and active asset management of Grade A office properties in the Channel Islands and the Isle of Man.

Latest Insights

Investment Companies | Review

Channel Islands Property Fund — Sound income stream

Real Estate | Initiation

Channel Islands Property Fund — Income is the name of the game

Sector

Real Estate

Equity Analyst

Andy Murphy

Andy Murphy

Director, Financials & Industrials

Key Management

  • Shelagh Mason

    Chairman

Share Price Performance

Price Performance
% 1M 3M 12M
Actual N/A N/A N/A
Relative N/A N/A N/A
52 week high/low 104.0p/88.0p

Financials

Channel Islands Property Fund (CIPF) recorded a 5% y-o-y increase in rental income in H123 (to end March 2023) as the fund continues to see 100% rent collection and reduced its vacancy rate to just 2.3%. The manager remains confident in CIPF’s income generation, as the portfolio is characterised by long lease terms (the weighted average unexpired lease term, or WAULT, is over 11 years), and 75% of CIPF’s debt is hedged against interest rate rises until 2027 to its expiry. The fund continues to distribute stable quarterly dividends, implying a 6.9% prospective dividend yield based on the current share price.

Thematics

thematic

Real Estate

South African industrial property fundamentals are strong

thematic

Real Estate

South African retail property funds remain resilient

thematic

Consumer

IPO apocalypse

thematic

TMT

ESG, moving beyond the box tick

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