The value of Circle Property’s portfolio has surged 19.7% in a year to £93m.
In full year results published today, Circle, which listed on the AIM stock exchanged last February, attributed the increase in valuation to the group’s asset management initiatives.
The company also reported 19.9% growth in EPRA NAV per share to £1.83 and an operating profit of £2.3m.
John Arnold, chief executive at Circle Property, said: “Our first full year as a public company has been one of significant growth and success. We have delivered strong results across all key metrics and further crystallised the value in the portfolio through our asset management expertise, leading to an impressive uplift in value of 19.7%.
“Despite ongoing uncertainty as a result of the general election in June, our portfolio is well positioned to resist any potential headwinds due to its distribution in strong and undersupplied regional business markets, such as Birmingham and Milton Keynes, and the proven management abilities of our team.”