McKay posts half-year growth in NAV, revenue and profit

McKay Securities (left to right): Simon Perkins, Giles Salmon and Tom Elliott

McKay Securities has produced a 2.1% rise in net asset value (NAV) during the first half of the year, alongside strong rental growth.

NAV at McKay hit 333p per share for the six months to the end of September, compared to 326p at the end of March, while gross rental income rocketed 20.8% to £12.61m, compared to £10.43m at the same point last year. Net rental income was up 22.8% to £11.27m, as pre-tax profit was up 17.6% to just over £5m.

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