Shaftesbury Capital earnings rise 16% amid £2.7bn partnership

Shaftesbury Capital reported underlying earnings up 16% to 2.2 pence per share for the six months ended 30 June 2025, with interim dividend raised to 1.9 pence per share.

The company's portfolio valuation rose 3.1% to £5.2 billion, while EPRA NTA increased 3.3% to 206.8 pence per share.

Shaftesbury Capital completed a £2.7 billion long-term partnership with Norges Bank Investment Management for the Covent Garden estate in April. Leasing activity generated £19.2 million of contracted rent, 9.0% ahead of December 2024 ERV.