Shaftesbury Capital PLC (SHC) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Everybody's here early, thank you very much. Are we ready to go? Phone line's open. Okay, yeah, we've got the thumbs up. So if we're ready, we'll start. I know you've all got a very busy day and a very busy week. So very much appreciate you coming to our third session of annual results this morning. So we're really very pleased with the results for this year. Another excellent year of progress and performance. I think we're delivering growth as we said we would do. The agenda for this morning Fairly straightforward. I'll give you a bit of an overview of the results. Sittl will then go through the financial review. I'll then update on what's going on in the portfolio and we'll finish with a summary and outlook and some Q&A. So as I said, another very successful year, delivering strong performance, an increase in rents, values, income and dividends, while strengthening our financial position and creating significant optionality for the group. Obviously, macroeconomic issues and geopolitical risks have been well documented. However, I'm pleased to say that conditions across the West End are very active. we continue to see positive trends in footfall and sales across our prime portfolio and the team is successfully delivering leasing well ahead of ERV with excellent levels of activity limited vacancy and a strong pipeline during the year we were pleased to have formed a long-term partnership on Covent Garden with the Norwegian Sovereign Wealth Fund, which highlights the fundamental value and attractiveness of our portfolio. We continue to expand over £100 million invested through acquisitions and capital expenditure, and a number of properties are currently under review. And with enhanced liquidity, we're well positioned to take advantage of market opportunities. As one ...