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Income Boosters: Strong balance sheets support dividends
This week sees another of our Income Booster stocks reinstate its dividend, along with positive trading reports from several of our other dividend picks. Read on here for our update.
Landsec: Recovery potential
Half-year results from FTSE 100 commercial property REIT Landsec (LON:LAND) were predictably dire. Landsec's revenue profit - a measure of pre-tax profit - fell by 48.9% to £115m for the period, due to allowances for bad debts. The value of the group's portfolio was cut by 7.7% to £11.8bn, reducing net asset value to 1,079p per share.
The results give a flavour of the pressures that commercial landlords have been under this…
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