Fprop in the News

Select Year:

26 Nov 2018

Investors Chronicle: First Property posts eye-watering valuation gains

Simon Thompson says “…Trading on a 15 per cent discount to book value, offering a prospective dividend yield of 3.2 per cent and priced on 11 times likely EPS for the full year, this is a repeat buying opportunity worth exploiting. Buy.”

13 Nov 2018

PROPERTYNEWS.PL: Is Eximius Park a business card for offices in Krakow? First Property Group says it is more than that!

An interview with Katarzyna Peto, Operations Director for Eximius Park, and Jeremi Slominski, Investment Director, First Property Poland Sp. z o.o.

18 Jul 2018

Romania Insider: Attention of real estate investors in Romania starts turning to regional cities

Colliers cites Fprop’s recent acquisition of the Maestro Business Center in Cluj-Napoca “as proof that Romania is starting to follow the Polish model of development through regional cities.” It goes on to say “While the main regional cities in Romania, Cluj-Napoca, Iasi, Timisoara and Brasov, together have about as many employees as the capital Bucharest, the modern office space in these cities is four times lower than in Bucharest. According to the World Bank, over 730,000 people could come to live in these cities in the next 5 years, almost three times more than in Bucharest.”

28 Jun 2018

Shares Magazine: First Property’s big Polish investment

David Stevenson discusses First Property’s latest investment and its strategy of investing in property where there is a healthy gap between “the interest rate it can borrow money at and the yield it can earn on renting out properties.”

14 Jun 2018

IPE Real Assets: UK university colleges back First Property’s Polish business park

12 Jun 2018

Simply Wall Street: Best Rated AIM dividend stocks

“FPO has a decent dividend yield of 3.14% and the company currently pays out 27.48% of its profits as dividends, with the expected payout in three years being 35.15%. FPO has increased its dividend from UK£0.008 to UK£0.016 over the past 10 years. They have been dependable too, not missing a single payment in this time. First Property Group is also reasonably priced, with a PE ratio of 8.8 that compares favorably with the GB Real Estate average of 8.8.

07 May 2018

Sunday Telegraph: Diary of a private investor: value is hard to find, but these three shares should buck the trend

James Bartholomew tips FPO saying he has “followed this company for quite a while” and “The persistent record of achievement has not been properly recognised by the share price, which, at 53.5p, stands at only 8.8 times prospective earnings per share.”

27 Apr 2018

Investors Chronicle: First Property’s third party mandates surge

Simon Thompson says “…The shares are also attractively priced on 8 times likely EPS of 5.9p for the year just ended, almost all of which is recurring, and are supported by a 3.3 per cent prospective dividend yield…I see decent investment upside to my 65p target price. Buy.”

16 Apr 2018

The Motley Fool: Impressive Performance

“…its P/E ratio of 9 suggests that it could offer upward re-rating potential. And with a dividend yield of 3.5%, which is covered 3.6 times by profit, its total returns could continue to be high over the coming years.”

11 Apr 2018

Costar: South East office deals hit record £1bn in Q1

“…notable completions in January included First Property’s acquisition of Imperial Place, Borehamwood (£62.5m)…”

01 Mar 2018

Eurobuild CEE: Long range opportunists

Fprop CEO Ben Habib responds to interviewer questions about Fprop investments and plans in Poland.

26 Feb 2018

Investors Chronicle: Repeat buying opportunities

Simon Thompson says…”the fast-growing fund management business is effectively in the price for free, with First Property’s shares trading on an unwarranted 12 per cent discount to net asset value (NAV) of 51.25p a share. That’s even more anomalous once you consider the impressive track record…”