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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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
[email protected]
Edison
Martyn King, Financials analyst 0203 077 5700
[email protected]
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.
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