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CLS (CLI) investor relations material
CLS Trading Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic priorities and operational progress
Progress made on improving occupancy, executing asset sales to reduce LTV, completing 2025 refinancings, and investing in the portfolio.
Over half of the £400 million sales programme completed, with further disposals expected in coming quarters.
All £373 million of 2025 debt maturities refinanced or repaid, resulting in a more balanced debt profile.
Demand for high-quality office space remains, with focus on well-located, flexible properties.
Leasing activity and occupancy
71 leasing deals signed in the first nine months of 2025, securing £10.1 million annual rent at 0.3% above ERV.
Significant leases signed post-September expected to reduce group vacancy by 1.2% on a proforma basis.
Group vacancy at 15.0% as of 30 September 2025; UK at 20.8%, Germany at 9.5%, France at 9.9%.
Two large German tenant insolvencies in November will increase German vacancy by over 2% and group vacancy by 0.9%.
Disposals and financial position
Sales of Les Reflets (Lille) and Jarrestrasse (Hamburg) completed for £24.3 million, reducing LTV to 48.8%.
£190 million of the sales programme remains, with several bids accepted or in negotiation.
Average cost of debt decreased to 3.67% as of 30 September 2025; 76% of debt fixed or capped.
Cash and equivalents over £53 million, with £43 million undrawn facilities.
97% of Q4 and 99% of YTD 2025 contractual rents collected.
- TimeTickerHeadlineOpen
- VF
Underlying EBIT up 81% to SEK 30.9 bn; profit down 41% amid divestments and market shifts. - ADDT
Earnings and margins rose, acquisitions accelerated, and outlook remains positive. - NCC
Record profits in core segments, major impairment, dividend maintained, outlook positive. - 7004
Order intake and sales rose, but losses and technical issues led to lower profit forecasts. - KIO
Headline earnings per share expected up 11–23% on higher prices and stable operations. - AAL
2026 copper and diamond guidance lowered, premium iron ore guidance raised, portfolio reshaping ongoing. - VRCI
Revenue rose to $3.8m in FY25, fueled by Tutivia test adoption and expanded US coverage. - SYNC
NAV per share rose 3.6% as late-stage clinical assets and Beacon's uplift drove portfolio gains. - SHEL
$18.5B adjusted earnings, $26.1B free cash flow, and $22B+ shareholder returns in 2025. - CPG
Q1 organic revenue up 7.3%, Vermaat acquired, and 2026 profit growth guidance reaffirmed.
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