Town Centre Securities PLC announces an uncovered dividend of 2.5p per share will be paid on 8 January 2026 to shareholders registered on 19 December 2025.
Other financial highlights include:
Town Centre Securities PLC's statutory loss in the year of £3.4m (2024: £7.8m loss) includes valuation losses and impairments in their property portfolio of £5.7m, with a like-for-like portfolio valuation down 2.4% from June 2024.
Taking into account the other comprehensive losses in the year totalling £0.6m and £1.1m in dividends paid, net asset value per share was 266p, compared with 279p at 30 June 2024.
Net borrowings, excluding lease liabilities, stood at £111.2m at 30 June 2025 (£108.6m at 30 June 2024).
EPRA earnings per share are 4.2p for the year (2024: 14.0p) with the initial recognition and subsequent movement on deferred tax assets and liabilities accounting for 5.4p of earnings in the prior year. In the current year, taxation has reduced EPRA earning per share by 2.8p.
99% of all rent and service charge income invoiced in the year was collected.
During the year Town Centre Securities PLC received the final receipt of £3m relating to the sale of its investment in YourParkingSpace. Since the July 2022 sale Town Centre Securities PLC has received total consideration of over £21m, crystallising a profit of £18.5m in the two-year period.
