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UK REIT owning central London West End retail, dining and leisure real estate, including Covent Garden and Carnaby.
UK REIT owning central London West End retail, dining and leisure real estate, including Covent Garden and Carnaby.
Collects rent from shops, restaurants and flats clustered in a few West End neighbourhoods, with leases that often include a turnover element and are reset at reviews. The group was created in 2023 by the merger of Capco and Shaftesbury.
In one line: A UK REIT akin to a Simon Property/Vornado for prime London retail.
Moat: narrow (scale, installed base, brand). Irreplaceable, concentrated prime West End estate built up over decades.
Headquarters: London, UK · Founded: 1986 · Employees: 104
Size Shaftesbury Capital (SHC.L) is a United Kingdom Real Estate company (Real Estate Investment Trusts) with a market value of $3.91B, the 109th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £148.40 on 6 Nov 2026.
Performance Over six months the shares gained 15.9%, against -3.8% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 9.1% over the last twelve months (peer median +3.5%); the operating margin is 52.7% (peer median 42.3%).
Valuation It trades at 30.1× forward earnings against a peer median of 19.4× (6th most expensive of 19).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £244M | £235M | £223M | £198M | £87.6M |
| Revenue growth | — | +5% | +13% | +126% | — |
| Gross profit | £186M | £177M | £167M | £146M | £70.9M |
| EBITDA | £130M | £118M | £116M | £133M | -£177M |
| Net income | £382M | £340M | £252M | £750M | -£212M |
| Free cash flow | £57.2M | £116M | £50.6M | -£15.5M | -£4.10M |
| Capital expenditure | -£100,000 | £0 | £2.30M | £3.40M | £11.1M |
| Total debt | n/a | £1.21B | £1.47B | £1.63B | £744M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shaftesbury Capital SHC.L | $3.91B | +16% | +9% | 53% | 30.1× | n/a |
| Land Securities LAND.L | $7.51B | +20% | +7% | 48% | 13.2× | n/a |
| British Land BLND.L | $5.94B | +17% | +15% | 52% | 14.1× | n/a |
| Great Portland Estates GPE.L | $1.90B | +17% | +24% | 21% | 34.7× | n/a |
| Derwent London DLN.L | $2.87B | +15% | +45% | 40% | 20.0× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SHC.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.7% | +3.6% | 2nd highest of 21 |
| 6-month return | +15.9% | -3.8% | 2nd highest of 21 |
| Distance from 52-week high | -4.3% | -15.6% | 2nd highest of 21 |
| Revenue growth (TTM) | +9.1% | +3.5% | 6th highest of 21 |
| Operating margin | 52.7% | 42.3% | 7th highest of 21 |
| Forward P/E | 30.1× | 19.4× | 6th most expensive of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shaftesbury Capital SHC.L | United Kingdom | $3.91B | +16% | +9% | 53% | 30.1× | n/a | n/a |
| Mapletree Industrial Trust ME8U.SI | Singapore | $3.89B | -10% | -5% | 65% | 14.6× | n/a | n/a |
| SL Green Realty SLG | United States | $3.88B | +11% | +9% | 12% | n/a | n/a | n/a |
| Granite Real Estate Investment Trust GRT-UN.TO | Canada | $3.85B | -6% | +9% | 73% | 14.8× | n/a | n/a |
| Glp J-reit 3281.T | Japan | $4.00B | -2% | -6% | 45% | 22.5× | n/a | n/a |
| Nomura Real Estate Master Fund 3462.T | Japan | $3.66B | -23% | -18% | 36% | 20.5× | n/a | n/a |
| Independence Realty Trust IRT | United States | $3.63B | -9% | +3% | 17% | 65.8× | n/a | n/a |
| Kilroy Realty KRC | United States | $4.21B | +3% | -4% | 23% | 96.4× | n/a | n/a |
| Covivio Hotels SCA COVH.PA | France | $3.61B | -9% | +5% | 41% | 12.1× | n/a | n/a |
| Colonial SFL SOCIMI COL.MC | Spain | $3.58B | -2% | +4% | 76% | 14.9× | n/a | n/a |
| Curbline Properties CURB | United States | $3.57B | +5% | +51% | 18% | 69.2× | n/a | n/a |
| First Capital Real Estate Investment Trust FCR-UN.TO | Canada | $3.55B | 0% | +3% | 49% | 18.3× | n/a | n/a |
| National Health Investors NHI | United States | $3.50B | -5% | +24% | 45% | 20.6× | n/a | n/a |
| Nippon Prologis REIT 3283.T | Japan | $4.37B | -8% | +9% | 44% | 23.2× | n/a | n/a |
| Highwoods Properties HIW | United States | $3.47B | +24% | +6% | 26% | 44.5× | n/a | n/a |
| KDX Realty Investment 8972.T | Japan | $3.47B | -16% | +3% | 39% | 16.3× | n/a | n/a |
| RioCan Real Estate Investment Trust REI-UN.TO | Canada | $4.41B | -3% | -13% | 53% | 12.8× | n/a | n/a |
| Canadian Apartment Properties Real Estate Investment Trust CAR-UN.TO | Canada | $3.45B | -14% | -7% | 61% | n/a | n/a | n/a |
| Dexus DXS.AX | Australia | $4.44B | 0% | -28% | 31% | 10.9× | n/a | n/a |
| Tanger SKT | United States | $4.45B | +6% | +11% | 30% | 34.0× | n/a | n/a |
| Frasers Centrepoint Trust J69U.SI | Singapore | $3.43B | -5% | +16% | 62% | 17.1× | n/a | n/a |