Rental income flat at Capital & Regional as NAV falls 11%

The Mall Walthamstow

Capital & Regional said its net rental income (NRI) remained flat last year – rising 0.6% to £51.9m - despite 20 company voluntary arrangements wiping £1.5m from NRI over the portfolio.

However, net asset value per share fell 11% to 60p with the value of the wholly-owned portfolio at 30 December 2018 stood at £855.2m, reflecting a net initial yield of 6.23%. 

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