Trading Update
Summary by AI BETAClose X
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION PURSUANT TO ARTICLE 7 OF EU REGULATION 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
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Date: |
14 April 2026 |
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On behalf of: |
First Property Group plc ("First Property", the "Company" or the "Group") |
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Embargoed: |
07.00 am |
First Property Group plc
Trading Update
First Property Group plc (AIM: FPO), the property fund manager and investor, is pleased to provide a trading update for the year ended 31 March 2026.
The Board expects the Group's profit before tax (on an unadjusted basis) for the year to exceed current market expectations.
Despite ongoing volatility in the property markets, the Group has had a successful year.
The Group benefitted from one off profits made on the disposal of two directly owned properties, one in the United Kingdom and one in Romania, as well as increased contributions from its investment in associates.
On an underlying basis and assuming no movement in the value of properties held, the Group continues to trade profitably.
The Group continues to navigate the challenges facing investors in commercial property.
A strengthened balance sheet with underlying profitability positions the Group well for making opportunistic investments along with the funds it manages.
The Group is expected to announce its results for the year ended 31 March 2026 on 25 June 2026.
- ENDS -
For further information please contact:
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First Property Group plc |
Tel: +44 (20) 7340 0270 |
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Ben Habib (Chief Executive Officer) Laura Howarth (Group Finance Director) Jeremy Barkes (Director, Business Development) Jill Aubrey (Director, Compliance & Company Secretary) |
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Allenby Capital (Nominated Adviser & Broker) |
Tel: + 44 (20) 3328 5656 |
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Nick Naylor (Corporate Finance) Amrit Nahal/Tony Quirke (Sales and Corporate Broking)
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Notes to Investors and Editors:
First Property Group plc is a property fund manager and investor with operations in the United Kingdom and Central Europe. Its focus is on higher yielding commercial property with sustainable cash flows.
The Company is flexible and takes an active approach to asset management. Its earnings are derived from:
· Fund management - via its FCA regulated and AIFMD approved subsidiary, First Property Asset Management Ltd ("FPAM"), which earns fees from investing for third parties in property. FPAM currently manages eleven funds which are invested across the United Kingdom, Poland and Romania.
· Group properties - principal investments by the Group to earn a return on its own capital, usually in partnership with third parties. Investments comprise five directly held properties in Poland, and non-controlling interests in nine of the eleven funds managed by FPAM.
Quoted on AIM, the Company has offices in London and Warsaw. Further information about the Company and its properties can be found at: www.fprop.com. To receive RNS alerts by email please subscribe here.
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