StockMarketWire.com - JZ Capital Partners reports strong net asset value growth in the year to the end of February.

JZCP said this was driven by its portfolio of high quality assets across the US and Europe that continues to demonstrate good earnings and revenue growth.

Results highlights · NAV Total Return of 8.9% including:

- NAV of US$705.5 million (28/2/13: US$666.5 million)

- Pre-dividend NAV of US$11.16 (28/2/14: US$10.25)

- Distribution of US$0.31 per share paid in the year (FY 28/2/14: US$0.30 per share)

· Second interim dividend declared of US$0.175 (FY 28/2/14: US$0.16 per share), implying a dividend yield of 5.1% (as at 28/2/15)

· NAV growth in 22 of the last 24 quarters

· Strong five-year total shareholder return of 79.8%

JZCP's founder and investment adviser David Zalaznick said: "Our company has delivered strong NAV growth, driven by our portfolio of high quality assets across the US and Europe that continue to demonstrate good earnings and revenue growth.

"The US real estate portfolio has grown considerably over the past year, where we continue to execute on our opportunistic and value oriented investment strategy. Most recently, we have acquired properties in Miami's Wynwood and Design District neighbourhoods, both of which draw strong parallels to our real estate assets in Williamsburg, Brooklyn.

"We look ahead to 2015 with confidence knowing that JZCP has a strong balance sheet to take advantage of the healthy pipeline of realisation and investment opportunities."


At 9:28am: [LON:JZCP] JZ Capital Partners Ltd share price was +13.5p at 445p



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