First Property Group plc is an award-winning co-investing commercial property fund manager. It has been listed on AIM since 2000. In 2005 it expanded its operations from the UK to also include Central and Eastern Europe. It has never missed or reduced a dividend payment since paying its first dividend in 2003.
The company’s focus is on higher yielding commercial property with sustainable cash flows. The team aims to make judicious investments with secure and predictable income returns, rather than relying on capital gains, which are unpredictable. This approach, along with our extensive market knowledge, has enabled us to thrive through economic cycles.
The company is flexible and takes an active approach to asset management. It has an excellent track record. Amongst other accolades, the performance of its funds rank No.1 versus MSCI’s Central & Eastern European (CEE) Benchmark for the fourteen years from the commencement of its operations in Poland in 2005 to 31 December 2019.
Currently the Group has some £80 million of committed but as yet uninvested client funds to invest, in addition to some £21 million of Group cash, which the Group intends to co-invest alongside its clients. We expect opportunities to present themselves as we emerge from the pandemic.
First Property Group earnings are derived from:
- Fund Management – via First Property Asset Management Ltd (FPAM), which earns fees from investing for third parties in property. FPAM currently manages twelve 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 currently comprise eight directly owned properties in Poland and Romania and minority shareholdings in ten of the twelve funds managed by FPAM.
For more on the group’s history, click here.
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