Reported Earnings • Dec 24
Full year 2023 earnings released: UK£0.18 loss per share (vs UK£0.10 profit in FY 2022) Full year 2023 results: UK£0.18 loss per share (down from UK£0.10 profit in FY 2022). Net loss: UK£39.1m (down 282% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year. New Risk • Dec 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.4% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Nov 01
Ediston Property Investment Company plc Declares Interim Dividend Payment in Respect of the Period from 1 to 31 October 2023, Payable on 30 November 2023 Ediston Property Investment Company plc is no longer a REIT and does not hold any real estate assets it is obligated to make a property income distribution in respect of income collected during earlier periods. The company therefore declares its interim dividend (property income distribution) payment in respect of the period from 1 to 31 October 2023 of 0.4167 pence per share. Ex-Dividend Date: 9 November 2023. Record Date: 10 November 2023. Pay Date: 30 November 2023. This monthly dividend of 0.4167 pence per share equates to an annualised dividend level of 5.00 pence per share and is unchanged from the previous dividend declared on 26 September 2023. Announcement • Oct 08
Ediston Property Investment Company plc(LSE:EPIC) dropped from FTSE All-Share Index (GBP) Ediston Property Investment Company plc(LSE:EPIC) dropped from FTSE All-Share Index (GBP) Announcement • Sep 27
Ediston Property Investment Company plc Declares Interim Dividend in Respect of the Period from 1 to 30 September 2023, Payable on 31 October 2023 Ediston Property Investment Company plc declared its interim dividend (property income distribution) payment in respect of the period from 1 to 30 September 2023 of 0.4167 pence per share, as timetabled below: Ex-Dividend Date: 12 October 2023. Record Date: 13 October 2023. Pay Date: 31 October 2023. Announcement • Sep 02
Ediston Property Investment Company plc Declares Interim Dividend in Respect of the Period from 1 to 31 August 2023, Payable on 29 September 2023 Ediston Property Investment Company plc declared its interim dividend (non - property income distribution) payment in respect of the period from 1 to 31 August 2023 of 0.4167 pence per share, as timetabled below: Ex-Dividend Date: 14 September 2023. Record Date: 15 September 2023. Pay Date: 29 September 2023. This monthly dividend of 0.4167 pence per share equates to an annualised dividend level of 5.00 pence per share andis unchanged from the previous dividend declared on30 June 2023. Announcement • Aug 19
Ediston Property Investment Company plc Confirms It Is in Advanced Discussions with RI UK 1 Limited Regarding A Possible Sale of the Company's Property Portfolio Further to the Company's announcement of 3 August 2023, the Board of Ediston Property Investment Company plc (LSE:EPIC) notes the recent press speculation and confirms that it is in advanced discussions with RI UK 1 Limited, a wholly owned indirect subsidiary of Realty Income Corporation, regarding a possible sale of the Company's property portfolio. The Board reiterates that there can be no certainty at this time that a sale of the Company's property portfolio will take place; nor as to the final terms on which, or the price at which, any such sale might be undertaken. At this time the Board is continuing to conduct its previously announced Strategic Review within the framework of a formal sale process in accordance with the City Code on Takeovers and Mergers, and it will do so until further notice. The Board will keep shareholders updated as appropriate. Announcement • Aug 01
Ediston Property Investment Company plc Declares Interim Dividend in Respect of the Period from 1 to 31 July 2023, Payable on 11 August 2023 Ediston Property Investment Company plc declared its interim dividend (non - property income distribution) payment in respect of the period from 1 to 31 July 2023 of 0.4167 pence per share, as timetabled below: Ex-Dividend Date: 10 August 2023. Record Date: 11 August 2023. Pay Date: 31 August 2023 . This monthly dividend of 0.4167 pence per share equates to an annualised dividend level of 5.00 pence per share and is unchanged from the previous dividend declared on 30 June 2023. Announcement • Jul 01
Ediston Property Investment Company plc Declares Interim Dividend of the Period from 1 to 30 June 2023, Payable on 31 July 2023 Ediston Property Investment Company plc declared its interim dividend (non - property income distribution) payment in respect of the period from 1 to 30 June 2023 of 0.4167 pence per share, as timetabled below: Ex-Dividend Date is on 13 July 2023 with Record Date is on 14 July 2023. Pay Date is on 31 July 2023. This monthly dividend of 0.4167 pence per share equates to an annualised dividend level of 5.00 pence per share and is unchanged from the previous dividend declared on 30 May 2023. New Risk • Jun 21
New major risk - Revenue and earnings growth Earnings have declined by 1.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.4% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • May 31
Ediston Property Investment Company plc Declares Interim Dividend of the Period from 1 to 31 May 2023, Payable on 30 June 2023 Ediston Property Investment Company plc declared its interim dividend payment in respect of the period from 1 to 31 May 2023 of 0.4167 pence per share, as timetabled below: Ex-Dividend Date: 8 June 2023 with Record Date: 9 June 2023. Payable Date: 30 June 2023. This monthly dividend of 0.4167 pence per share equates to an annualised dividend level of 5.00 pence per share and is unchanged from the previous dividend declared on 24 April 2023. Reported Earnings • May 22
First half 2023 earnings released: UK£0.12 loss per share (vs UK£0.089 profit in 1H 2022) First half 2023 results: UK£0.12 loss per share (down from UK£0.089 profit in 1H 2022). Revenue: UK£7.78m (down 8.2% from 1H 2022). Net loss: UK£25.2m (down 234% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • May 04
Ediston Property Investment Company plc Declares Interim Dividend of the Period from 1 to 30 April 2023, Payable on 31 May 2023 Ediston Property Investment Company plc declared its interim dividend (property income distribution) payment in respect of the period from 1 to 30 April 2023 of 0.4167 pence per share, as timetabled below: Ex-Dividend Date: 11 May 2023 with Record Date: 12 May 2023. Payable Date: 31 May 2023. This monthly dividend of 0.4167 pence per share equates to an annualised dividend level of 5.00 pence per share andis unchanged from the previous dividend declared on 24 March 2023. Buying Opportunity • Mar 09
Now 20% undervalued Over the last 90 days, the stock is up 4.6%. The fair value is estimated to be UK£0.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.3% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jan 05
Ediston Property Investment Company plc Declares Interim Dividend for the Period from 1 to 31 December 2022, Payable on 31 January 2023 Ediston Property Investment Company plc declared its interim dividend (property income distribution) payment in respect of the period from 1 to 31 December 2022 of 0.4167 pence per share. Ex-dividend date is 12 January 2023. Record date is 13 January 2023. Pay date is 31 January 2023. This monthly dividend of 0.4167 pence per share equates to an annualised dividend level of 5.00 pence per share and is unchanged from the previous dividend declared on1 December 2022. Reported Earnings • Dec 15
Full year 2022 earnings released: EPS: UK£0.10 (vs UK£0.081 in FY 2021) Full year 2022 results: EPS: UK£0.10 (up from UK£0.081 in FY 2021). Revenue: UK£16.4m (down 5.4% from FY 2021). Net income: UK£21.5m (up 26% from FY 2021). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Dec 14
Ediston Property Investment Company plc, Annual General Meeting, Feb 24, 2023 Ediston Property Investment Company plc, Annual General Meeting, Feb 24, 2023, at 14:00 Coordinated Universal Time. Location: the offices of Ediston Investment Services Limited at 1 St Andrew Square, Edinburgh United Kingdom Announcement • Dec 02
Ediston Property Investment Company plc Declares Interim Dividend for the Period from 1 to 30 November 2022, Payable on 30 December 2022 Ediston Property Investment Company plc declared its interim dividend (property income distribution) payment in respect of the period from 1 to 30 November 2022 of 0.4167 pence per share. Ex-dividend date is 8 December 2022. Record date is 9 December 2022. Pay date is 30 December 2022. Announcement • Nov 03
Ediston Property Investment Company plc Declares Its Interim Dividend in Respect of the Period from 1 to 31 October 2022, Payable on November 30, 2022 Ediston Property Investment Company plc declared its interim dividend (property income distribution) payment in respect of the period from 1 to 31 October 2022 of 0.4167 pence per share. Ex-Dividend Date is 10 November 2022, Record Date is 11 November 2022 and Pay Date is 30 November 2022. This monthly dividend of 0.4167 pence per share equates to an annualised dividend level of 5.00 pence per share and is unchanged from the previous dividend declared on 3 October 2022. Announcement • Oct 04
Ediston Property Investment Company plc Declares Interim Dividend in Respect of the Period from 1 to 30 September 2022, Payable on 31 October 2022 Ediston Property Investment Company plc declared its interim dividend (property income distribution) payment in respect of the period from 1 to 30 September 2022 of 0.4167 pence per share, as timetabled below: Ex-Dividend Date: 13 October 2022. Record Date: 14 October 2022. Pay Date: 31 October 2022. Announcement • Sep 03
Ediston Property Investment Company plc Declares Interim Dividend for the Month Ended 31 August 2022, Payable on 30 September 2022 Ediston Property Investment Company plc declared its interim dividend (property income distribution) payment in respect of the period from 1 to 31 August 2022 of 0.4167 pence per share, Ex-Dividend Date is 15 September 2022, Record Date is 16 September 2022 and Pay Date is 30 September 2022. Buying Opportunity • Aug 12
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be UK£0.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jul 30
Ediston Property Investment Company plc Declares Interim Dividend Payment in Respect of the Period from 1 to 31 July 2022, Pay Date Is 31 August 2022 Ediston Property Investment Company plc declared its interim dividend (property income distribution) payment in respect of the period from 1 to 31 July 2022 of 0.4167 pence per share, as timetabled below: Ex-Dividend Date is 11 August 2022 . Record Date is 12 August 2022. Pay Date is 31 August 2022. Announcement • Jul 12
Ediston Property Investment Company plc Appoints Karyn Lamont as an Independent Non-Executive Director Ediston Property Investment Company plc announced that Karyn Lamont, Director of the Company, has been appointed as an Independent Non-Executive Director, with effect from 1 September 2022. Announcement • Jul 06
An unknown buyer acquired Mecca Bingo Hall in Telford from Ediston Property Investment Company plc (LSE:EPIC) for £5 million. An unknown buyer acquired Mecca Bingo Hall in Telford from Ediston Property Investment Company plc (LSE:EPIC) for £5 million on July 5, 2022.
An unknown buyer completed the acquisition of Mecca Bingo Hall in Telford from Ediston Property Investment Company plc (LSE:EPIC) on July 5, 2022. Buying Opportunity • Jun 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.0%. The fair value is estimated to be UK£0.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jun 09
Ediston Property Investment Company plc Declares Interim Dividend Payment in Respect of the Period from 1 to 31 May 2022, Payable on June 30, 2022 Ediston Property Investment Company plc declared its interim dividend (property income distribution) payment in respect of the period from 1 to 31 May 2022 of 0.4167 pence per share. The dividend payable on June 30, 2022, with a record date of June 17, 2022. Reported Earnings • May 26
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£520.0k from profit in 1H 2021). Profit margin: (down from 5.7% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • May 05
Ediston Property Investment Company plc Declares Interim Dividend in Respect of the Period from 1 to 30 April 2022, Payable on 31 May 2022 Ediston Property Investment Company plc declared its interim dividend (property income distribution) payment in respect of the period from 1 to 30 April 2022 of 0.4167 pence per share. Ex-Dividend date is 12 May 2022 with record date on 13 May 2022 and pay date is 31 May 2022. Announcement • Apr 14
An unknown buyer acquired Leisure asset at the Lanyard, Hartlepool from Ediston Property Investment Company plc (LSE:EPIC) for £2.6 million. An unknown buyer acquired Leisure asset at the Lanyard, Hartlepool from Ediston Property Investment Company plc (LSE:EPIC) for £2.6 million on April 13, 2022. Ediston Property will account the impact of the sale as part of the overall movement in the portfolio value in the next NAV announcement, for the quarter ended March 31, 2022.
An unknown buyer completed the acquisition of Leisure asset at the Lanyard, Hartlepool from Ediston Property Investment Company plc (LSE:EPIC) on April 13, 2022. Announcement • Mar 31
An unknown buyer acquired Office Asset in St Phillips Point, Birmingham from Ediston Property Investment Company plc (LSE:EPIC). An unknown buyer acquired Office Asset in St Phillips Point, Birmingham from Ediston Property Investment Company plc (LSE:EPIC) for £24.5 million on March 29, 2022.
An unknown buyer completed the acquisition of Office Asset in St Phillips Point, Birmingham from Ediston Property Investment Company plc (LSE:EPIC) on March 29, 2022. Announcement • Mar 30
Ediston Property Investment Company plc Declares Interim Dividend for the Period from 1 to 31 March 2022, Payable on 29 April 2022 Ediston Property Investment Company plc declared its interim dividend (property income distribution) payment in respect of the period from 1 to 31 March 2022 of 0.4167 pence per share. Ex-Dividend Date is 7 April 2022, Record Date is 8 April 2022 and pay date is 29 April 2022. Announcement • Mar 01
Ediston Property Investment Company plc Declares Interim Dividend for the Period from 1 to 28 February 2022, Payable on 31 March 2022 Ediston Property Investment Company plc declared its interim dividend (property income distribution) payment in respect of the period from 1 to 28 February 2022 of 0.4167 pence per share. Ex-dividend date is 10 March 2022. Record date is 11 March 2022. Pay date is 31 March 2022. Announcement • Feb 02
Ediston Property Investment Company plc Declares Interim Dividend for the Period from 1 to 31 January 2022, Payable on 28 February 2022 Ediston Property Investment Company plc declared its interim dividend (property income distribution) payment in respect of the period from 1 to 31 January 2022 of 0.4167 pence per share. Ex-dividend date is 10 February 2022. Record date is 11 February 2022. Pay date is 28 February 2022. Reported Earnings • Dec 22
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: UK£0.081 (up from UK£0.18 loss in FY 2020). Revenue: UK£17.4m (down 13% from FY 2020). Net income: UK£17.1m (up UK£54.5m from FY 2020). Profit margin: 99% (up from net loss in FY 2020). Net asset value (NAV) per share: UK£0.90 (up 4.3% from FY 2020). The current share price is 11% lower than NAV per share. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Dec 15
An unknown buyer acquired Office buildings in Edinburgh and Newcastle for £31.4 million. An unknown buyer acquired Office buildings in Edinburgh and Newcastle for £31.4 million on December 14, 2021. Once deductions for topped up rents and rent-free periods are factored in, the net receipt to the Company is £30.49677 million. Ediston Property Investment Company plc will reinvest the proceeds in retail warehouses, a sector in which the Investment Manager has considerable experience as an investor, developer and asset manager.
An unknown buyer completed the acquisition of Office buildings in Edinburgh and Newcastle on December 14, 2021. Announcement • Nov 27
An unknown buyer acquired Office Building, Midland Bridge House from Ediston Property Investment Company plc (LSE:EPIC) for £5.92 million. An unknown buyer acquired Office Building, Midland Bridge House from Ediston Property Investment Company plc (LSE:EPIC) for £5.92 million on November 25, 2021.
An unknown buyer completed the acquisition of Office Building, Midland Bridge House from Ediston Property Investment Company plc (LSE:EPIC) on November 25, 2021. Announcement • Aug 25
Ediston Property Investment Company plc (LSE:EPIC) acquired Springkerse Retail Park, Stirling from LaSalle Investment Management Inc. for £21.9 million. Ediston Property Investment Company plc (LSE:EPIC) acquired Springkerse Retail Park, Stirling from LaSalle Investment Management Inc. for £21.9 million on August 25, 2021. The acquisition was funded using the proceeds from the sale of the Tesco Superstore in Prestatyn.
Ediston Property Investment Company plc (LSE:EPIC) completed the acquisition of Springkerse Retail Park, Stirling from LaSalle Investment Management Inc. on August 25, 2021. Announcement • Jun 03
Ediston Property Investment Company plc Declares Interim Dividend (Property Income Distribution) Payment in Respect of the Period from 1 to 31 May 2021, Payable on 30 June 2021 Ediston Property Investment Company plc declared its interim dividend (property income distribution) payment in respect of the period from 1 to 31 May 2021 of 0.4167 pence per share, payable on 30 June 2021. Ex-dividend date is 10 June 2021 and record date is 11 June, 2021. Reported Earnings • May 26
First half 2021 earnings released: EPS UK£0.002 (vs UK£0.096 loss in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: UK£9.11m (down 12% from 1H 2020). Net income: UK£520.0k (up UK£20.8m from 1H 2020). Profit margin: 5.7% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Announcement • May 06
Ediston Property Investment Company plc Declares Increased Interim Dividend for the Period from 1 to 30 April 2021, Payable on May 28, 2021 Ediston Property Investment Company plc declared its interim dividend (property income distribution) payment in respect of the period from 1 to 30 April 2021 of 0.4167 pence per share, payable on May 28, 2021. Ex-dividend date is May 13, 2021 and record date is May 14, 2021. Announcement • Mar 05
Supermarket Income REIT plc (LSE:SUPR) acquired Tesco supermarket in Prestatyn, North Wales from Ediston Property Investment Company plc (LSE:EPIC) for £26.5 million. Supermarket Income REIT plc (LSE:SUPR) acquired Tesco supermarket in Prestatyn, North Wales from Ediston Property Investment Company plc (LSE:EPIC) for £26.5 million on March 3, 2021. Ben Green, Steve Windsor and Steve Noble of Atrato Capital Limited acted as financial advisor to Supermarket Income REIT plc. Mark Young and Matt Blawat of Stifel Nicolaus Europe Limited acted as financial advisor to Supermarket Income REIT plc. Dido Laurimore, Eve Kirmatzis and Andrew Davis of FTI Consulting LLP acted as financial advisor to Supermarket Income REIT plc. Will Barnett of Investec Bank plc acted as financial advisor to Ediston Property Investment Company plc.
Supermarket Income REIT plc (LSE:SUPR) completed the acquisition of Tesco supermarket in Prestatyn, North Wales from Ediston Property Investment Company plc (LSE:EPIC) on March 3, 2021 Announcement • Feb 24
Ediston Property Investment Company plc Elects Imogen Moss as A Director Ediston Property Investment Company plc in its Annual General Meeting held on 23 February 2021, approved to elect Imogen Moss as a director. Reported Earnings • Dec 17
Full year 2020 earnings released: UK£0.18 loss per share The company reported a poor full year result with increased losses and weaker revenues and control over expenses. Full year 2020 results: Revenue: UK£19.9m (down 4.7% from FY 2019). Net loss: UK£37.4m (loss widened UK£35.6m from FY 2019). Over the last 3 years on average, earnings per share has fallen by 110% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Dec 16
Ediston Property Investment Company plc, Annual General Meeting, Feb 23, 2021 Ediston Property Investment Company plc, Annual General Meeting, Feb 23, 2021, at 14:00 Coordinated Universal Time. Location: 1 St Andrew Square Edinburgh United Kingdom Is New 90 Day High Low • Dec 12
New 90-day high: UK£0.71 The company is up 34% from its price of UK£0.53 on 11 September 2020. The British market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 8.0% over the same period. Is New 90 Day High Low • Nov 05
New 90-day high: UK£0.58 The company is up 8.0% from its price of UK£0.54 on 07 August 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 16% over the same period. Is New 90 Day High Low • Oct 05
New 90-day low: UK£0.47 The company is down 16% from its price of UK£0.56 on 07 July 2020. The British market is down 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 26% over the same period. Announcement • Oct 05
Ediston Property Investment Company plc Announces Commencement of Haddington Retail Park Development Ediston Property Investment Company plc announced that construction has started on the company's 48,000 sq. ft. retail park and petrol filling station in Haddington, East Lothian. Haddington is a growing commuter town located 18 miles to the east of Edinburgh. The site, which is adjacent to several new housing developments, is 97% pre-let to national retailers Aldi, Home Bargains, The Food Warehouse, Costa Coffee and Euro Garages. One unit of 1,500 sq. ft. is available to lease, but it is anticipated that this will be let prior to completion. The development is expected to achieve practical completion in June 2021. As a result of this project, the Company's retail warehouse weighting will increase from c. 60% to 64% and the regional weighting to Scottish assets will increase from c. 11% to 14%, both well within the Company's investment restrictions. Once completed and fully occupied, the retail park will provide the Company with a rental income of £875,000 per annum and will have a weighted average unexpired lease term of 14.4 years, assuming the vacant unit is let for a term of five-years. Costs to completion will be c. £7.5m. This will be funded through a combination of the Company's existing debt facilities and cash resources, with the cash outlay identified in the Company's current cash budgeting. The development should generate an income return on cost of capital employed of c. 8.00% per annum. 
