Beamr video compression achieves up to 50% improvement for AVs
LONDON - The Cardiff Property PLC, a property investment and development firm specializing in the Thames Valley area, reported a stable financial performance for the six months ended March 31, 2025. Despite ongoing economic uncertainty and disruptions in the UK commercial property market, the Group’s net assets increased slightly to £30.52 million, up from £30.03 million the previous year.
The Group, which includes subsidiary Campmoss Property, manages a portfolio valued over £22 million, primarily located to the west of London, near Heathrow Airport, and in Surrey and Berkshire. The portfolio is primarily let and income-producing, with all residential apartments let on Assured Tenancy Agreements.
Profit before tax for the period stood at £0.76 million, a slight decrease from £0.78 million in the same period last year. Earnings per share also saw a marginal drop to 57.80 pence from 58.38 pence in the previous year. However, the interim dividend proposed per share increased by 15.4% to 7.5 pence, reflecting the Directors’ confidence in the Group’s stability.
Richard Wollenberg, Chairman of Cardiff Property, acknowledged the challenges posed by the uncertain UK economy and recent international events but expressed hope for positive outcomes from ongoing discussions with Council Planning Departments regarding several planning applications within the Campmoss portfolio.
The Group’s revenue, excluding Campmoss, came from rental income totaling £0.35 million, consistent with the previous year’s figures. Campmoss contributed an additional £0.30 million in rental income. The Group’s share of net assets in Campmoss was reported at £10.05 million.
The report highlighted the Group’s focus on managing its retail portfolio and considering the sale of certain freehold property assets held by Campmoss. It also emphasized the importance of environmental, social, and governance considerations in managing the investment portfolio and planning applications.
Looking ahead, the Directors anticipate that a recovery in financial markets could revitalize interest in the commercial and residential property markets, potentially leading to sustainable growth. The interim dividend is scheduled to be paid on June 26, 2025, to shareholders on the register at May 23, 2025.
This article is based on a press release statement from The Cardiff Property PLC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.