First Property expects full-year profit to exceed market expectations
First Property Group PLC on Tuesday said it has had ‘a successful year’, as it guided full-year profit ahead of market expectations.
The UK and Central Europe-focused property fund manager and investor said it expects profit before tax to exceed market expectations for the financial year that ended March 31. It did not provide these exact market expectations. The company reported £3.0 million in pretax profit for financial 2025.
The group made one-off profits from the disposal of two directly owned properties in the UK and Romania, and also benefited from increased contributions from its investment in associates.
A strengthened balance sheet, along with underlying profitability ‘positions the group well for making opportunistic investments,’ according to the update.
Shares in First Property Group were up 13% to 15.50 pence on Tuesday afternoon in London.
The company expects to report its full-year results on June 25.
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