Holdings plc AUGUST 2018
Corporate Fact Sheet
CLS Holdings plc, 16 Tinworth Street, London SE11 5AL Tel: +44 (0) 20 7582 7766 clsholdings.com
The benefits of being a pan-European business operating in the UK, Germany and France, three of Europe’s largest economies, are again evident in our results for the first six months of 2019. The Group produced solid underlying earnings and valuation gains leading to a growth in NAV. We continued to refocus our portfolio, with selective, strategic acquisitions at attractive yields and have exchanged contracts
- n the disposal of assets with low yields and limited upside
for CLS.
Latest Comment
Henry Klotz, Executive Chairman, 14 AUGUST 2019
Financials JUNE 2019
Overview
At 30 June 2019 the company had shareholders’ funds of £904.42m, and a property portfolio in the UK, France and Germany valued at £2.1bn
CLS Holdings plc is a property investment company which has been listed on the London Stock Exchange since 1994. CLS specialises in owning and managing office buildings, with a range of lease lengths, in order to achieve stable cash flows. Its established local management operate from
- ffices in London, Paris, Luxembourg and Hamburg, and their priority is to meet the requirements
- f tenants by providing high quality, cost effective premises with efficient and proactive
management services that incorporate the latest technical and IT facilities. CLS aims to hold, develop and refurbish its property investments to obtain long-term asset growth.
Key Group Facts
Strong alignment of interest: 58% Management owned Substantial cash and liquid resources available for new investment
Property Portfolio & Potential
June 2019
711 tenants
in 125 properties totalling 7.2m sq ft across 3 countries
4.9 years
Weighted average lease length
26.9%
Government income
£116.2m
Contracted rent
55.5%
- f Group’s rental income subject to
indexation
£68.5m
Profit before tax from continuing operations
287.8p
Net assets per share
325.3p
EPRA Net assets per share
5.0%
EPRA net initial yield
£141.4m
Liquid resources available for investment
16.8p
Earnings per share
6.0p
EPRA earnings per share
3.6x
Recurring interest cover
39.3%
Balance Sheet LTV