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News and Press Releases
25 Nov 2021

Investors Chronicle: Priced for a profitable outcome

Simon Thompson of IC updates his buy recommendation, highlighting new balance sheet deals, fund extensions and launches, and the discount to sum-of-the-parts-valuations. He concludes by saying; “In fact, I am more bullish now given the improvement in investor sentiment in the commercial property market which augurs well for First Property being able to pull off further smart deals. Buy.”

News and Press Releases
28 Jun 2021

Investors Chronicle: Investor overreaction presents buying opportunity

Simon Thompson sets out his reasons for a “Recovery Buy” saying “…the shares trading on a huge 40 per cent discount to proforma NAV (after factoring in €9m debt write-off after the financial year-end), the rating fails to acknowledge the track record of a management team that has delivered 12.8 per cent annual growth in adjusted net assets including dividends since 2011.”