News and Press Releases

Chief Executive Ben Habib discusses the Group’s Interim results for the six months to 30 September 2024.

Simon Thompson recommends shareholders take up their allocation in the deeply discounted open offer. He notes that “pro-forma NAV of £47.4mn equates to a fully diluted NAV per share of 31.5p, implying the shares are priced on less than half book value, a high level of risk aversion.” He adds that “a more benign interest rate environment could spark interest in deep value property plays and First Property is one for the watchlist.”

Reporting on the Group’s FY 2024 Preliminary Results, Simon Thompson noted they were hit by impairments but that the company is well placed to benefit when the gloom lifts. He concludes that “it’s too early to turn buyer again but a more benign interest rate environment could spark interest in deep value property plays. First Property is one for your watchlist. Hold.”

Fprop CEO Ben Habib discusses the Group’s financial results for the year to 31 March 2024.