Cash continues to flow into high-yielding Property Franchise Group
Renting a home, rather than buying, is fast becoming the only viable option for many. This should be good news for the lettings agents, yet they remain firmly out of favour with investors. This AIM-gem continues to deliver excellent results, supporting a 5% dividend yield. It also carries some hidden appeal for those investors wanting extra excitement.
The Property Franchise Group (LON: TPFG) is the holding company of four trading subsidiaries with a stable of six national and regional estate and letting agency brands operating over 375 branches across the UK: Martin & Co, EweMove, Whitegates, Ellis & Co, CJ Hole and Parkers. The group adopts a franchise operating model providing the necessary tools and platform to help its franchisees thrive. It is one of three AIM-quoted franchised property lettings alongside Belvoir Lettings (LON: BLV) and M Winkworth (LON:WINK). Our previous Premium Research commentary from May 2017 provided an introduction to the business. Public markets are not strangers to successful…