Palace Capital : PCA

Research History

• 07 Aug 2024 11 min read

  QuotedData’s Real Estate Monthly Roundup – August 2024

  August 2024 Winners and losers in July 2024 Best performing funds in price terms % Tritax EuroBox 13.3 Balanced Commercial Property Trust 10.5 TR Property 10.4 AEW UK REIT 9.9 Shaftesbury Capital 9.9 Picton Property 9.4 Schroder REIT 9.1 Tritax Big Box REIT 8.9 Capital & Regional 8.3 Unite Group 7.9 Source: Bloomberg, Marten & […]

• 11 Mar 2024 12 min read

  QuotedData’s Real Estate Monthly Roundup – March 2024

  Real Estate Roundup Kindly sponsored by abrdn Performance data February’s biggest movers in price terms are shown in the charts below. It was another month of disappointing share price performance for the real estate sector, as the timing of the fabled interest rate cuts that could kick start a recovery in the sector remains unclear […]

• 12 Feb 2024 7 min read

  QuotedData’s Real Estate Monthly Roundup – February 2024

  Real Estate Roundup Kindly sponsored by abrdn Performance data January’s biggest movers in price terms are shown in the charts below. Investors seem to be taking a ‘wait-and-see’ approach to the real estate sector at the start of 2024, as inflation in the UK lags behind other developed economies and anticipated interest rate cuts may […]

• 14 Sep 2023 17 min read

  QuotedData’s Real Estate Monthly Roundup – September 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data August’s biggest movers in price terms are shown in the charts below. The property sector remains in a state of limbo as investors await signs that interest rates have peaked. The median share price of REITs and listed property companies was down 2.4% over the month […]

• 19 Jul 2023 9 min read

  QuotedData’s Real Estate Quarterly Review – Second Quarter 2023

  Real estate quarterly report Kindly sponsored by abrdn Discounted indiscriminately Stubbornly high inflation in the UK has raised the prospect of higher for longer interest rates, with the base rate hitting 5.0% in the UK dashing any hopes of a recovery in commercial property values for the foreseeable future. This negative outlook was reflected in […]

• 13 Jun 2023 15 min read

  QuotedData’s Real Estate Monthly Roundup – June 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data May’s biggest movers in price terms are shown in the charts below. The property sector is a hotbed of merger and acquisition (M&A) activity as investors look to take advantage of the unloved sector and wide discounts to net asset values (NAVs). Higher than expected inflation […]

• 06 Apr 2023 13 min read

  QuotedData’s Real Estate Monthly Roundup – April 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data March’s biggest movers in price terms are shown in the charts below. Property stocks tumbled further in March as stubborn inflation and a further interest rate hike was announced by the Bank of England. The median average share price fall across the sector was 7.9%. Perhaps […]

• 09 Mar 2023 15 min read

  QuotedData’s Real Estate Monthly Roundup – March 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data February’s biggest movers in price terms are shown in the charts below. It was a mixed month in terms of share price performance for property companies, with a mean average share price fall of 0.3% across the sector. On the positive side, shopping centre behemoth Hammerson […]

• 09 Feb 2023 7 min read

  QuotedData’s Real Estate Monthly Roundup – February 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data January’s biggest movers in price terms are shown in the charts below. 2023 started positively for the property sector, with a median average share price uplift of 1.3%. A gloomy economic outlook at the end of 2022 saw many property companies’ share prices fall to substantial […]

• 24 Jan 2023 10 min read

  QuotedData’s Real Estate Annual Review – 2022

  Real Estate Annual Review Kindly sponsored by abrdn The year the rug was pulled out 2022 will be remembered as the year that the rug was pulled from under the property sector. Having benefitted from decades of low interest rates, which had fuelled debt-ladened deals and piqued the appetite of global investors looking for more […]

• 05 Jan 2023 11 min read

  QuotedData’s Real Estate Monthly Roundup – January 2023

  Real Estate Roundup Kindly sponsored by abrdn Performance data December’s biggest movers in price terms are shown in the charts below. 2022 ended with another difficult month for property companies as the sector continues to get to grips with the impact of higher interest rates. There were several funds that performed well during December, however. […]

• 07 Dec 2022 12 min read

  QuotedData’s Real Estate Roundup – December 2022

  Real Estate Roundup Kindly sponsored by abrdn Performance data November’s biggest movers in price terms are shown in the charts below. Valuation declines in the property sector are starting to feed through in NAV announcements and interim results (see page 2) as higher cost of debt continues to put pressure on pricing. Having seen dramatic […]

• 14 Oct 2022 8 min read

  QuotedData’s Real Estate Quarterly Review – Third Quarter 2022

  Real estate quarterly report Kindly sponsored by abrdn Choppy waters ahead High interest rates is a killer for real estate, and so the chancellor’s disastrous ‘mini budget’ at the end of September – which spooked gilt markets and saw interest rate forecasts for next year top 6% – had a catastrophic impact on the listed […]

• 07 Sep 2022 11 min read

  QuotedData’s Real Estate Roundup – September 2022

  Real Estate Roundup Kindly sponsored by abrdn Performance data August’s biggest movers in price terms are shown in the charts below. AIM-listed small cap fund manager and investor First Property Group tops the list of best performing property companies in August. It was the only company to see a double-digit rise in its share price, […]

• 04 Aug 2022 10 min read

  QuotedData’s Real Estate Roundup – August 2022

  Real Estate Roundup Kindly sponsored by abrdn Performance data July’s biggest movers in price terms are shown in the charts below. Many of the logistics and office focused companies that have suffered in the past few months saw somewhat of a recovery in July, as the substantial discounts that their share prices trade at relative […]

• 15 Jul 2022 8 min read

  QuotedData’s Real Estate Quarterly Review – Second Quarter 2022

  Real Estate Quarterly Review Kindly sponsored by abrdn Storm clouds gather Fears that a perfect storm is brewing has weighed on the real estate sector. Central banks’ move to raise interest rates to curb spiralling inflation has stoked concerns that investors will turn away from real estate to less risky alternatives, such as bonds. Meanwhile […]

• 07 Jul 2022 15 min read

  QuotedData’s Real Estate Roundup – July 2022

  Real Estate Roundup Kindly sponsored by abrdn Performance data June’s biggest movers in price terms are shown in the charts below. There were only a handful of property companies that saw share price growth in the month of June as interest rate rises and concerns of an impending recession took hold. Top of the list […]

• 12 Apr 2022 7 min read

  QuotedData’s Real Estate Quarterly Review – First Quarter 2022

  Real Estate Quarterly Review Kindly sponsored by Abrdn Value to be found in topsy-turvy market The first three months of 2022 have been full of significant events. Investor caution followed Russia’s invasion of Ukraine and put paid to a London-listed property company with a portfolio of Russian assets (see page 6 for details). The cost-of-living crisis […]

• 06 Apr 2022 15 min read

  QuotedData’s Real Estate Roundup – April 2022

  Real Estate Roundup Kindly sponsored by abrdn Performance data March’s biggest movers in price terms are shown in the charts below. Property stocks generally rallied in March, perhaps due to the relative inflation hedge they can provide. There were two outliers in Dublin office specialist Hibernia REIT and small-cap South East of England landlord McKay […]

• 07 Jan 2022 9 min read

  QuotedData’s Real Estate Roundup – January 2022

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data December’s biggest movers in price terms are shown in the charts below. The year of 2021 ended with positive news that the Omicron variant was less serious than first thought, resulting in a lockdown over the Christmas-trading period being avoided. It was Home REIT […]

• 06 Dec 2021 13 min read

  QuotedData’s Real Estate Roundup – December 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data November’s biggest movers in price terms are shown in the charts below. November ended under a cloud of uncertainty, with the discovery of the Omicron coronavirus variant threating a return of restrictions that have wreaked havoc in the property sector over the past two […]

• 15 Oct 2021 8 min read

  QuotedData’s Real Estate Quarterly Review – Third Quarter 2021

  Real Estate Quarterly Review Kindly sponsored by Aberdeen Standard Investments Rate rise fears dampens bounce back The quarter started with much promise, as activity picked up with the full opening of the economy. This was reflected in the valuation of commercial properties and in turn investor sentiment to the listed real estate sector. However, supply chain […]

• 09 Sep 2021 9 min read

  QuotedData’s Real Estate Roundup – September 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data August’s biggest movers in price terms are shown in the chart below. Traditionally a quiet month, August was anything but for property companies. While takeovers, IPO activity and large investment deals dominated the headlines, Tritax Big Box REIT continued its impressive performance. After reporting […]

• 06 Aug 2021 10 min read

  QuotedData’s Real Estate Roundup – August 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data July’s biggest movers in price terms are shown in the chart below. It was no surprise that GCP Student Living topped the table for best performing property companies in July after it received a takeover bid 30% above its share price during the month. […]

• 09 Jul 2021 10 min read

  QuotedData’s Real Estate Roundup – July 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data June’s biggest movers in price terms are shown in the chart below. In a month when Boris Johnson announced the easing of restrictions would be pushed back as COVID cases rose, only a handful of property companies saw share price gains. Topping the list […]

• 19 Apr 2021 8 min read

  QuotedData’s Real Estate Quarterly Review – first quarter 2021

  Lockdown cloud begins to lift The success of the vaccine rollout in the UK and the implementation of a roadmap out of lockdown saw the share prices of listed property companies – most of which had been decimated during the last year – make somewhat of a recovery. The economy is on firmer footing and […]

• 14 Apr 2021 11 min read

  QuotedData’s Real Estate Roundup – April 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data March’s biggest movers in price terms are shown in the chart below. Drum Income Plus REIT saw its share price rally 75% in March following the announcement that its board was undertaking a strategic review to consider the future of the company, which it […]

• 14 Jan 2021 9 min read

  QuotedData’s Real Estate Roundup – January 2021

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data December’s biggest movers in price terms are shown in the chart below. The boost of coming out of the second national lockdown in early December was short lived as Christmas was cancelled for most of the UK with COVID-19 cases spiking. It did little […]

• 17 Dec 2020 12 min read

  QuotedData’s Real Estate Roundup – December 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data November’s biggest movers in price terms are shown in the chart below. The eagerly awaited news of a successful vaccine candidate came at the start of November, boosting the stock market. Property companies that had seen their share price battered over the past eight […]

• 16 Oct 2020 8 min read

  QuotedData’s Real Estate Quarterly Review – Q3 2020

  Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Toughing it out It has been another challenging quarter for the real estate sector as the COVID-19 pandemic continues to take its toll. The economy bounced back in the early part of the quarter after the national lockdown was lifted, while government schemes such as […]

• 13 Aug 2020 9 min read

  QuotedData’s Real Estate Monthly Roundup – August 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments  Performance data July’s biggest movers in price terms are shown in the chart below. A number of REITs and property companies saw big share price gains over the month of July as covid-19 restrictions started to ease across the UK and greater economic stimulus was revealed. […]

• 20 Apr 2020 7 min read

  QuotedData’s Real Estate Quarterly Roundup – First Quarter 2020

  Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments  Covid chaos The covid-19 pandemic has had a devastating effect on the share price of property companies, with 31% wiped off the value of their total market capitalisation during the first quarter of 2020. Companies focused on the retail, leisure and hospitality property sectors were […]

• 07 Apr 2020 11 min read

  QuotedData’s Real Estate Roundup – April 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments  Performance data March’s biggest movers in price terms are shown in the chart below. Property stocks took a hammering in March as the covid19 pandemic took hold. The UK was put on lockdown to stop the spread of the coronavirus resulting in the enforced closure of […]

• 10 Mar 2020 12 min read

  QuotedData’s Real Estate Roundup – March 2020

  Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments  Performance data February’s biggest movers in price terms are shown in the chart below. Property stocks tumbled in February as fears over the spread of Covid-19 spooked financial markets around the world and resulted in the largest sell-off since the 2008 financial crisis. There were just […]

• 30 Jan 2020 12 min read

  QuotedData’s Real Estate Annual Review – 2019

   Property’s alternative theory The year was dominated by political and economic uncertainty, with Brexit negotiations casting a shadow over the market and the general election adding a further layer of doubt for much of the year. For a market that is staunchly aligned with political and economic sentiment, listed property companies and REITs performed well, […]

• 10 Dec 2019 15 min read

  QuotedData’s Real Estate Roundup – December 2019

  Real Estate Roundup  Performance data November’s biggest movers in price terms are shown in the chart below. November saw a host of companies report interim and full year results with varying outcomes. CLS Holdings, which owns a diverse portfolio split between the UK, Germany and France, gave a positive trading update that outlined its capital […]

• 18 Sep 2019 7 min read

  QuotedData’s Real Estate Roundup – September 2019

  Real Estate Roundup  Performance data August’s biggest movers in price terms are shown in the chart below. The month of August has traditionally been a quiet period for news and announcements in the property sector, and this year is no different. Central London landlord Shaftesbury, which owns Carnaby Street as well as huge swathes of […]

News

• 28 Aug 2025 2 min read

  Morning briefing: Octopus Renewables cuts management fee; CT Private Equity posts first half fall; plus IIG, VEIL, PCA

  Octopus Renewables Infrastructure to save shareholders an estimated £700,000 a year after negotiating a change in its quarterly fund management fee; CT Private Equity’s half year results show a 4.5% fall in net asset value; and Intuitive Investments raises more money for China’s lottery operator. CT Private Equity (CTPE), the £340m private equity fund run […]

• 31 Jul 2025 2 min read

  QuotedData’s morning briefing 31 July: SEIT, ASLI, HMSO, HSL, SGRO, RESI, PCA, MUT, AGVI, PMGR, OTV2 & TFG

  SDCL Efficiency Income sells a small US asset at a big premium, hoping that impresses shareholders given the wide share price discount, but investors in Abrdn European Logistics have to stomach a loss on its disposal of a portfolio in Spain. SDCL Efficiency Income Trust (SEIT) has sold its convertible loan in ON Energy to […]

• 18 Apr 2024 2 min read

  QuotedData’s morning briefing 18 April 2024 – APAX, CVCE, CVCG, HEIT, HOME, PCA, GRP

  In QuotedData’s morning briefing 18 April 2024: Apax Global Alpha (through its interest in Apax XI) is investing about €36m in Zellis Group.  Zellis is leading provider of payroll and HR software solutions to customers in the UK and Ireland and an emerging leader in the global benefits administration software market, serving approximately one third […]

• 02 Aug 2023 2 min read

  QuotedData’s morning briefing 2 August 2023

  QuotedData’s morning briefing 2 August 2023 Alternative Income REIT (AIRE) has posted a 0.7% increase in NAV to 84.2p for the quarter to 30 June 2023, following a 0.3% rise in the value of its portfolio to £107.0m. EPRA earnings were up 8.2% to 1.7p per share, and the board declared a quarterly dividend of […]

• 05 May 2023 2 min read

  Palace Capital sells industrial portfolio ahead of valuation

  Palace Capital has exchanged contracts for the sale of six industrial properties for £34.0m, as it continues to sell down its assets. The sale of the portfolio, to Clearbell Property Partners IV LLP (Clearbell), a fund managed by Clearbell Capital LLP, reflects a net initial yield (NIY) of 6.2% and is another indication of valuation […]

• 1 min read

  QuotedData’s morning briefing 5 May 2023

  In QuotedData’s morning briefing 5 May 2023: Ediston Property Investment Company (EPIC) has posted a slight increase in the value of its property portfolio in the quarter to 31 March 2023 of 0.6% to £204.3m. NAV per share was down slightly by 0.6% to 80.44 pence (31 December 2022: 80.93 pence). NAV total return (including […]

• 14 Feb 2023 1 min read

  QuotedData’s morning briefing 14 February 2023

  In QuotedData’s morning briefing 14 February 2023: Regional REIT (RGL) says the vast majority (99%) of its office tenants have returned to the office, with a hybrid work pattern of three to four days in the office and one to two days at home the favoured combination. The company says its regional office portfolio, which comprises […]

• 22 Dec 2022 1 min read

  QuotedData’s morning briefing 22 December 2022

  In QuotedData’s morning briefing 22 December 2022: Temple Bar (TMPL) has appointed Frostrow as its AIFM (with effect from 1 July 2023). Redwheel will continue to manage the assets of the trust, but Frostrow will take on responsibility for marketing and distribution. Palace Capital (PCA) has sold £7.6m of property since 30 September 2022, reducing […]

• 19 Jul 2022 2 min read

  Palace Capital suffers board exodus

  Three members of Palace Capital’s board have today resigned from the company after shareholders revolted against the company’s change in strategy, which was announced earlier this month. Mickola Wilson (Senior Independent Director), Kim Taylor-Smith (Non-Executive Director) and Paula Dillon (Non-Executive Director) have all stepped down from the board with immediate effect, leaving no independent directors […]

• 04 Jul 2022 2 min read

  Palace Capital to become pure-play regional office investor focused on ESG

  Palace Capital will become a purely regional offices investor, focusing on ESG enhancements to create value. The company announced the move following a strategic review by the board as it wrestles with a wide share price discount to net asset value (NAV).  The group said that it “intends to have a pure focus as an […]

• 14 Jun 2022 2 min read

  Palace Capital posts double-digit uplift in NAV

  Palace Capital has reported an 11.4% uplift in EPRA net tangible assets (NTA) in a positive set of annual results to the end of March 2022. The group, which owns a diverse portfolio of property assets mainly in the industrial and office sectors, said the increase in EPRA NTA to 390p per share (2021: 350p) […]

• 06 Apr 2022 2 min read

  Palace Capital to boost dividend following strong year

  Palace Capital said it was set to up its dividend following good performance, but added that it was considering a range of strategic options, including returning capital to shareholders, as it looks to close its discount to net asset value (NAV). The group added an additional £1.9m of annualised net rental income during the year […]

• 10 Feb 2020 1 min read

  Palace Capital sets record office rent in York

  Palace Capital has set a record office rent in York city with the completion of a pre-let agreement at its Hudson Quarter mixed-use development. The company has signed up solicitors firm Knights to the ground floor space on a 10-year lease that will rise to £25/sq ft after two year – marking a record office rent for […]

• 19 Nov 2019 1 min read

  Palace Capital reports drop in NAV and profits

  Palace Capital, which owns a diverse portfolio of property in the UK regions, has reported a drop in net asset value (NAV) per share of 3.9% during the six months to the end of September. NAV per share fell to 391p during the period, compared to 407p at the end of March, while profit after […]

• 01 Aug 2019 1 min read

  Palace Capital converts to REIT

  Palace Capital converts to REIT – Palace Capital will join the UK REIT regime from today. The company has provided HMRC with notice of the conversion and said it expects to pay the first dividend as a UK REIT in December. It also announced a significant letting at its Sol Northampton leisure scheme. It has let […]

• 08 Apr 2016 3 min read

  Acorn Income benefits from being geared as its gross assets were rising

  Acorn Income Fund has released its annual results for the year ended 31 December 2015. During the year, the company’s gross asset portfolio performance (adjusted for share issuance and buybacks) provided a total return of 17% outperforming the small cap indices. The Ordinary Share net asset value total return was 22.1%. The company says that […]

Data