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- McKay Securities delivers record rental growth and portfolio value
McKay Securities has announced its full-year results for the year ended 31 March 2017. The company describes the year as being one of, “Strong performance, delivering record rental income and portfolio value”. The company’s summary of the year’s highlights are as follows:
Adjusted profit before tax up 8.3% to £8.60 million (31 March 2016: £7.94 million)
The company’s chairman, Richard Grainger, says that, their refurbishment programme and proactive asset management activities have continued to release the substantial portfolio potential that they have built up, with rental and capital growth out-performing the market. He also says that two of their three development projects reached completion and their third scheme remains on track for delivery next year. He says that, as a result of this progress, the company’s rental income and portfolio value have reached historic highs for the Group, contributing to increases in shareholders’ funds, profits and dividend.
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