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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue