Mar 04th 2013 - Edison Investment Research today published a report on Intu Properties (INTU.L, LSE:INTU, LON:INTU) entitled "New Brand, New Strategy, New Site". In summary, the report says:
Intu Properties, which was only rebranded from Capital Shopping Centres on 18 February, has announced a 2% fall in underlying 2012 earnings and no change in either the dividend (15p) or the NAV (392p). It also announced the acquisition of the Midsummer Place shopping centre in Milton Keynes from Legal & General for £250.5m, funded by a concurrent placing of £280m at 325p.
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