Equity Analysis /
United Kingdom

GB : Harworth Group - Record total return as refreshed strategy delivers strong results

    Chris Spearing
    Chris Spearing

    Analyst - Real Estate

    Contributors
    Hugh Carrow
    Tom Musson
    CGS-CIMB
    25 March 2022
    Published by

    Harworth has delivered a strong set of FY21 results, with EPRA NDV +23.5% to 198p. Growth has been driven by continued strong demand for both serviced residential land and industrial and logistics sites. Further progress has also been made on realising value from key sites within the portfolio, as management seek to deliver on an ambitious plan to double the size of the business to over £1bn.