Palace Capital (PCA): Initiation of coverage

Hardman & Co Research Hardman & Co Research: Palace Capital (PCA): Initiation of coverage 28-Sep-2018 / 10:10 GMT/BST Hardman & Co: Initiation of coverage Palace Capital (PCA) has almost doubled NAV since the initial investment in October 2013. Good income generation is evidenced by the EPRA EPS and the DPS track record, whilst undertaking incremental refurbishments and development. The investment portfolio is 90% occupied and generates strong cashflows: with a focus on regional city centres, offering occupiers value for money. Development opportunities are optimised. 6% of the portfolio value is in a recently demolished and cleared two-acre site in the heart of York, due to be redeveloped, which will generate a step rise in NAV and in group income, once completed end 2020. Please click here for the full report: http://hardmanandco.com/docs/default-source/company-docs/palace-capital-plc-documents/28.09.18-initiation-of-coverage.pdf To contact us: Hardman & Co 35 New Broad Street London EC2M 1NH www.hardmanandco.com Follow us on Twitter @HardmanandCo Contacts: Mike Foster [phone] [e-mail]     Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement. About Hardman & Co: For the past 21 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the world with high-quality research, investor engagement programmes and advisory services. Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Our research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies. It is not intended to be made available to unsophisticated retail investors. Anyone who is unsure of their categorisation should consult their professional advisors. This research is neither an offer, nor a solicitation, to buy or sell any security. Please read the note for the full disclaimer. Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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