The Town Centre Securities plc Board is recommending the payment of a final dividend for the year of 2.5p, giving a full-year dividend of 5.0p, which is consistent with dividends declared in the previous year. This 2.5p dividend will be paid on 7 January 2027 to shareholders on the register as of 18 December 2026. Together with the interim dividend of 2.5p paid on 12 June 2026, this results in a total dividend of 5.0p for the period, equating to £2.1m, or 72.1% of EPRA earnings.
Other financial highlights include:
- A statutory loss in the year of £1.4m (2025: £3.4m loss) including valuation losses and impairments in Town Centre Securities' property portfolio of £3.7m, with a like-for-like portfolio valuation down 1.5% from June 2025.
- Taking into account the other comprehensive losses in the year totalling £0.1m and £2.1m in dividends paid; net asset value per share was 258p, compared with 266p at 30 June 2025.
- Net borrowings, excluding lease liabilities, increased in the period following the investments highlighted above and stood at £120.8m at 30 June 2026 (£110.4m at 30 June 2025), with 25.3% of this exposed to variable interest rates.
- EPRA earnings per share are 6.9p for the year (2025: 4.2p)
- 99% of all rent and service charge income invoiced in the year was collected.
