Positive momentum continues with higher customer sales and footfall
- Shaftesbury Capital sees strong start to Christmas trading period
- Customer sales in key West End portfolio higher on year
- Customer sales 16% higher than 2019 levels
- Consistently high footfall in Shaftesbury Capital properties
- 440 leasing transactions completed in the year to date
- Company targeting 5%-7% rental growth per year on average
- Average total property return of 7%-9%
- Total accounting returns of 8%-10% on stable cap rates
Shaftesbury Capital has announced a strong start to the Christmas trading period, with customer sales in its key West End portfolio coming in higher compared to the previous year. Sales are also 16% higher than 2019 levels, indicating consistent growth. The company has seen consistently high footfall in its properties, reflecting the popularity of its locations. In addition, 440 leasing transactions have been completed so far this year, representing a 9% rise compared to the previous year. Looking ahead, Shaftesbury Capital aims to achieve 5%-7% rental growth per year on average, resulting in attractive total property returns and accounting returns on stable cap rates.
Factuality Level: 8
Factuality Justification: The article provides specific data and quotes from the company’s CEO, which adds credibility to the information. The information is focused on the company’s performance and future targets, without any obvious bias or opinion. However, without additional sources or independent verification, it is difficult to fully assess the accuracy of the information.
Noise Level: 7
Noise Justification: The article primarily focuses on positive financial performance and growth projections of Shaftesbury Capital. It lacks critical analysis, scientific rigor, and evidence to support the claims made. The article does not explore potential risks or challenges that the company may face in achieving its targets. It also does not provide actionable insights or solutions for readers. Overall, the article seems to be more of a promotional piece rather than a balanced analysis.
Financial Relevance: Yes
Financial Markets Impacted: The news article pertains to the financial performance and outlook of Shaftesbury Capital, a London-listed company. It provides information on customer sales, leasing transactions, and the company’s targets for rental growth and property returns.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The news article focuses on the financial performance and targets of Shaftesbury Capital and does not mention any extreme events.
Public Companies: Shaftesbury Capital (N/A), Capital & Counties Properties (N/A)
Key People: Ian Hawksworth (Chief Executive)
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