LSE:PCA · Real Estate · UK Real Estate Investment Trust (REIT) - commercial and residential property investment and asset management

Palace Capital plc

Palace Capital plc is a UK Real Estate Investment Trust (REIT) listed on the Main Market of the London Stock Exchange that owns and asset-manages a portfolio of UK commercial (office and leisure) and residential property. Since July 2022 its strategy has been to dispose of the investment and residential portfolio in an orderly way and return the net proceeds to shareholders via dividends, share buybacks and tender offers rather than to grow or reinvest. At 31 March 2025 the portfolio comprised seven properties (five investment properties plus Hudson Quarter residential/commercial in York), the Group was debt-free with a net cash position, and it continued to sell assets after the year end.

Export the Palace Capital plc factsheetfree account Open the FY2025 report

Share price and financials

No price history · 11 reported years, FY2015–FY2025

No daily prices have been collected for this company.

Line	FY2015locked	FY2016locked	FY2017locked	FY2018locked	FY2019locked	FY2020locked	FY2021locked	FY2022locked	FY202303/23	FY202403/24	FY202503/25
Revenue	31.8	12.7	22.0	28.6	16.4	23.2	12.3	21.8
Operating profit	(13.9)	(9.7)	(13.0)	(16.7)	(10.7)	(15.4)	(17.9)	(15.8)
Adjusted operating profit	2.4	2.3	4.6	4.2	3.0	3.0	2.3	5.1	—
Exceptional items	1.3	2.6	2.5	1.9	1.1	1.1	1.9	2.0		—	—
Net finance cost	2.4	2.0	2.5	2.9	1.9	2.9	1.4	2.3
Profit before tax	(19.5)	(10.4)	(14.9)	(16.6)	(21.5)	(17.1)	(10.5)	(20.2)
Adjusted profit before tax	7.9	3.6	4.2	6.5	7.6	7.1	4.6	3.6
Tax charge	(0.05)	(0.04)	(0.03)	(0.03)	(0.03)	(0.06)	(0.03)	(0.03)
Profit for the year	(21.8)	(14.5)	(10.2)	(17.0)	(13.5)	(21.9)	(15.8)	(12.4)
EBITDA	(19.2)	(18.4)	(15.4)	(16.2)	(12.5)	(9.5)	(16.4)	(10.7)
Adjusted minus statutory PBT	28.2	22.4	13.4	11.8	16.9	24.4	24.5	23.9
Basic EPS	(41.29p)	(37.85p)	(44.59p)	(50.57p)	(35.63p)	(32.25p)	(28.40p)	(24.05p)
Diluted EPS	(20.00p)	(37.54p)	(39.05p)	(51.26p)	(36.77p)	(51.33p)	(47.24p)	(49.04p)
Adjusted EPS	14.66p	19.09p	17.50p	13.47p	13.22p	9.74p	19.38p	16.67p
Dividend per share	16.04p	14.66p	15.09p	18.85p	9.08p	16.70p	9.30p	18.54p	—

GBP millions, negatives in brackets. Per-share lines in pence. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.

2 figures

3 years, at a glance

GBP · %

Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.

FY2025Revenue£13.2mOperating margin5.3%