Circle Property (LON: CRC) is selling one of its main properties and intends to sell more and return to cash to shareholders. The property investor has achieved total shareholder return of 114% since joining AIM in 2016, but the shares have continually traded at a large discount to NAV, so management has decided to make further disposals over the next few years.
The revised strategy has helped to narrow the discount to NAV - 277p a share after the disposal - with the share price rising 21p to 226p. The discount is still more than 18%. That is the lowest it has been since 2018.
Circle Pr...
