The group seeks to enhance shareholder value by developing its property portfolio and through strategic acquisitions.
The Cardiff Property plc is quoted on the London Stock Exchange (ticker symbol CDFF).
The effectiveness of the groupís strategy is reflected in its
performance over recent years. In the five years from 30 September 2007 net
assets increased from 1,189p per share to 1,205p per share at 30 September 2012
despite the economic downturn causing a slump in property prices. A further
increase of 6% to 1,277p was recorded in the current year. The group benefits
from substantial cash deposits and ongoing profitability. Dividend increased
from 11.30p per share to 12.30p per share over that same period and, for the
current year, has been increased by 2% to 12.55p per share.
Richard Wollenberg, Chairman, commented on the preliminary results for the year ended 30 September 2013, announced 28 November 2013:
prospects for further growth in the UK economy and continued stability in
European Markets have increased confidence in the Thames Valley commercial and
residential property markets. The volume of letting enquiries has increased
although where new lettings have been achieved rental levels for commercial
space remain unchanged and lease terms are relatively short term and continue to
include tenant incentives.
A copy of the Preliminary Announcement for the year ended 30 September is available in pdf format by clicking here.
A copy of the 2013 Annual Report is available in pdf format by clicking here.
The group wishes to acquire further commercial and residential sites and properties and any such opportunities should be sent to the company for the attention of Richard Wollenberg.
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