Edison Investment Research Limited: Edison issues outlook on Circle Property (CRC)

Edison Investment Research Limited
Edison Investment Research Limited: Edison issues outlook on Circle Property
(CRC)

12-Nov-2019 / 15:43 GMT/BST

London, UK, 12 November 2019

Edison issues outlook on Circle Property (CRC)

Circle has issued a trading update ahead of interim results (9 December
2019) detailing continuing leasing progress with existing and recently
acquired regional office assets. Active asset management has driven annual
accounting returns of more than 20% in each of the three full years since
IPO in February 2016. With the outlook for regional offices remaining
positive, and with material further asset management opportunities,
management expresses confidence for the full year outlook.

The continued NAV growth of the past year has not been reflected in the
share price, leaving the shares at a c 30% discount to FY20e NAV. Continued
leasing progress should support recurring income growth as well as further
NAV growth and is a positive indicator for continuance of the progressive
dividend policy.

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About Edison: Edison is an investment research and advisory company, with
offices in North America, Europe, the Middle East and AsiaPac. The heart of
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expertise. At Edison Investment Research, our research is widely read by
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including investor relations and strategic consulting.

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advice. Edison's reports are not solicitations to buy or sell any
securities.

For more information please contact Edison:

Martyn King, +44(0) 203 077 5745

financials@edisongroup.com [5]

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910887 12-Nov-2019


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(END) Dow Jones Newswires

November 12, 2019 10:43 ET ( 15:43 GMT)