IN BRIEF: KCR Residential posts loss amid deteriorating London market
23rd Oct 2026 07:00
KCR Residential REIT PLC - Surrey, England-based residential property investment trust - Reports a pretax loss of GBP2.90 million for the year ended June 30, 2026, swinging from a GBP327,641 profit a year earlier. Revenue rises 15% to GBP2.17 million from GBP1.89 million, as "strong performance gains in the core rental income of 19% were partially offset by lower levels of sales commissions", the company says. The revaluation of investment properties results in a GBP2.28 million loss, compared with a GBP1.16 million gain a year earlier. However, refurbishment costs nearly halve to GBP106,979 from GBP203,129. Read More