Interim Results

27 March 2020

KCR Residential REIT plc, the residential REIT group, is pleased to announce its interim results for the six months to 31 December 2019.


The full results are available to
download in PDF format

Operational Highlights

  • Revenue for the six months increased to £427,057 (2018: £269,113) and gross margin improved to 76% (2018: 45%).
  • Portfolio level occupancy is high, rental values have increased and capital values remain firm.
  • KCR recurring administrative expenses for the period fell to £706,177 (2018: £800,583) with further reductions to come.
  • Current liabilities at 31 December 2019 were down to £930,062 (2018: £7,904,125) and total liabilities were lower at £10,404,715 (2018: £14,710,415).
  • Incentive preference shares have been cancelled and negative share based payment charges will no longer appear in the profit and loss account.
  • The £7.9m refinancing of property in February 2020 delivered £2.9m of free cash to the Company, significantly strengthening KCR's liquidity position.
  • We expect the ongoing uncertainty in the market to lead to more acquisition opportunities.



KCR Residential REIT plc
Dominic White, Chief Executive
[email protected]
+44 20 3793 5236
Arden Partners plc
Richard Johnson
Benjamin Cryer
+44 20 7614 5900


Notes to Editors:

KCR's objective is to build a substantial residential property portfolio that generates secure income flow for shareholders. The Directors intend that the group will acquire, develop and manage residential property assets in a number of jurisdictions including the UK.