JZ Capital Partners (JZCP) reported annual results covering the period to February 28, 2019. The company, which mainly invests in US and European microcap companies and US real estate, delivered an NAV return of +0.6%. David Zalaznick, JZCP’s co-founder and investment adviser, said: “We are pleased with the continued strong underlying performance of the US and European microcap portfolios during the period. In addition, we expect the ongoing improvement in real estate performance to continue going forward.”
Apax Global Alpha (APAX) announced strong first quarter results to March 31, 2019, with total return NAV up 8.7%. The private equity portfolio was mainly behind the showing. The first quarter’s performance builds on what was a strong 2018, which you can read more about here.
Civitas Social Housing REIT has raised its dividend forecast for next year. The board has declared a quarterly dividend for the three months to 31 March 2019 of 1.325p (up 6% on the previous quarterly dividends). Based on rental income growth, the directors are now targeting to pay a total dividend of 5.3p for the financial year ending 31 March 2020 and will target to increase dividends to reflect the growth in rental income in the years after that.
In addition, we published a story on Edinburgh Dragon
QuotedData’s other news 8 May 2019