Edison issues initiation on Town Centre Securities

RNS Number : 2810L

Town Centre Securities PLC

18 April 2018

 

18 April 2018

Town Centre Securities plc

("TCS" or the "Company") 

Edison issues initiation on Town Centre Securities plc

Edison has initiated coverage on Town Centre Securities plc. The below is an extract from the report.

Town Centre Securities PLC ("TCS"), provides mainly regional commercial property exposure, with a focus on the fast growing cities of Leeds and Manchester, where management has a deep knowledge of the markets. TCS is a family-run business with a strong income focus and a 57-year record of increased or maintained DPS. It employs intensive asset management and capital recycling to drive income growth and capital returns. Management has provided details of a substantial pipeline of continuing development opportunities, with the potential to add materially to our forecast earnings and NAV over time.

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www.edisoninvestmentresearch.com 

For further information, please contact:

Town Centre Securities PLC                                                                                                      www.tcs-plc.co.uk

Edward Ziff, Chairman and Chief Executive                                                                                 0113 222 1234

Mark Dilley, Finance Director

MHP Communications                                                                                                                 

Reg Hoare / Alistair de Kare-Silver                                                                                                   0203 128 8742                                                                                                                                                                          07551 170 451

                                                                                                                                                                      [e-mail]

Edison

Martyn King, Financials analyst                                                                                                         0203 077 5700

         [e-mail]

Notes to Editors:

Town Centre Securities PLC is a Leeds based property investor and car park operator with assets of approximately £385m. With more than 50 years' experience, a commitment to sustainable development and a reputation for quality and innovation, TCS creates mixed use developments close to transport hubs in major cities across the UK. Its current portfolio delivers an annual income of more than £26m.

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

 

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