Source - SMW
Capital & Regional has  reiterated its guidance for the total full year 2017 dividend to be at top end of the stated 5% to 8% per annum growth range.

An update ahead of a capital markets day and visit to The Exchange Shopping Centre in Ilford for analysts and investors, it said that passing rent was £61.1 million at 30 Nov, up £1.2m or 2% from the end of June.  

It said the opening of major new units for Lidl and The Gym in Walthamstow, as well as the Travelodge at Wood Green, had contributed to the uplift.

It said the  strong momentum in letting activity generated in the first half of the year had continued since 30 Jun.  

In the five months to 30 Nov, there were 15 new lettings and 18 lease renewals totalling £1.9 million in contracted income, at a combined premium to ERV of 7.1%. 

   The group said that total occupancy had increased to 96.6% at 30 Nov, up from 95.5% at 30 Jun.

And it said footfall across the company's shopping centres in the 21 weeks since the half year has increased by 0.2%3, significantly outperforming the national index which fell by 2.7%.


At 8:47am: (LON:CAL) Capital  Regional PLC share price was +1.38p at 52.88p