Capital Shopping remains resilient

Capital Shopping Centres (CSC) said that it has shown 'considerable resilience' in the six months to the end of June, despite like-for-like (LFL) net rental income falling 2.3 per cent, with rental increases offset by the effect of lower occupancy following tenant failures.

Capital Shopping Centres (CSC) said that it has shown 'considerable resilience' in the six months to the end of June, despite like-for-like (LFL) net rental income falling 2.3 per cent, with rental increases offset by the effect of lower occupancy following tenant failures.

Profit was considerably lower at £78m compared to £192m the same half the previous year. However, underlying earnings per share edged higher from 8.0p to 8.1p.

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