AGM Trading Update
Wynnstay completed new lettings at higher rents and renewed a lease with 29% rent increase; portfolio remains fully let.
- Lichfield property lease renewal rent increase +29%
- Aldershot lease renewal rent increase +40%
- Tonbridge lease renewal rent increase +49%
- Tenant break options lapsed in Q1 2
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Wynnstay Properties PLC (AIM:WSP) is pleased to provide a trading update ahead of the Annual General Meeting of the Company to be held later today:
o Wynnstay has completed or agreed terms in the first quarter for the financial year ending 25 March 2026 (the "Current Financial Year") for two new open market lettings on units at its Liphook and Hailsham properties, both at higher rents than previously received.
o Wynnstay has also completed the lease renewal of a unit at its Lichfield property at a substantially increased rent (+29%). This follows the lease renewals at Aldershot (+40%) and Tonbridge (+49%) already reported by the Company in its Annual Report for the year ended 25 March 2025.
o In the first quarter of the Current Financial Year two further tenant break options have lapsed, in addition to the nine break options already reported by the Company in its Annual Report for the year ended 25 March 2025, thus demonstrating strong tenant retention within the portfolio
o Wynnstay's portfolio remains fully let.
o There are no material rent arrears for the first quarter of the Current Financial Year.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.