Shaftesbury PLC
SHABF
Other OTC4.00
USD
- -
- -
Return %
Stock
S&P500
1Y
-49.94
26.53
3Y
-49.94
76.60
5Y
-49.94
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Brian Bickell FCA
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- 22 Ganton Street London United Kingdom W1F 7FD
- IPO Date
- Nov 15, 2016
- Website
- shaftesbury.co.uk
- Similar Companies
- Business
- Shaftesbury Capital PLC (formerly Shaftesbury PLC, ticker SHABF prior to merger) operates as a leading UK real estate investment trust (REIT) focused exclusively on London's West End; it owns and manages a mixed-use portfolio comprising retail, food and beverage outlets, offices, residential apartments, leisure spaces, and hotels clustered in prime locations including Covent Garden, Carnaby, Soho, Chinatown, Seven Dials, Fitzrovia, and Charlotte Street. The portfolio totals 2.7 million square feet of lettable space across approximately 640 buildings and 1,900 units, valued at £5.2 billion under management (£4.5 billion proportionally consolidated), encompassing over 600 restaurants, cafés, pubs, and shops; 0.5 million square feet of offices; 632 apartments; and significant holdings in high-footfall visitor attractions. Formed in 1986 by the Levy family with initial acquisitions in Chinatown and listed on the London Stock Exchange in 1987, the company is headquartered in London and converted to a REIT in 2007; geographically, operations remain concentrated in central London with no international presence. In March 2023, Shaftesbury PLC merged with Capital & Counties Properties PLC (Capco) in an all-share reverse merger valued at approximately £1.5 billion, creating Shaftesbury Capital PLC and expanding the portfolio to around 2.9 million square feet with Capco shareholders owning 47% and Shaftesbury shareholders 53%; Capco contributed its iconic Covent Garden estate, including the Market and Piazza, assembled since 2006. Post-merger, the company completed a £75.1 million acquisition of freehold interests in 25-31 James Street, Covent Garden, in March 2024, adding 21,000 square feet of retail, residential, and office space with £3.9 million contracted rent and asset management upside; this followed £145 million in disposals at 8% above valuation to recycle capital. Recent developments include advanced discussions for a long-term partnership with Norges Bank Investment Management on the £2.7 billion Covent Garden estate and sustained leasing demand amid strong rental growth potential in core West End villages.