CAPITAL & REGIONAL
UK malls boost Capital & Regional’s dividend
The UK-focused specialist real-estate investment trust reports strong consumer demand at its malls
Capital & Regional, the UK-focused specialist real-estate investment trust (Reit) with a portfolio of dominant in-town community shopping centres, grew its dividend 8.7% over the year to December. The group, which released financial results for the year to December, said on Thursday that it had seen strong consumer demand at its malls. Its dividend increased to 3.39p a share for 2016, ahead of guidance. "While the business environment may be challenging, the prospects for Capital & Regional are exciting. Our assets have proven to be very resilient and capital expenditure investment over the past two years has provided a strong platform for future income growth," said CEO Hugh Scott-Barrett. "This, supported by the high demand we continue to see from occupiers for the attractive and affordable space in our vibrant centres, provides us with confidence in our ability to maintain and grow the dividend," he said. Capital & Regional owns seven shopping centres in Blackburn, Hemel Hempstea...
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