The Property Franchise Group (AIM:TPFG), the multi-brand property franchisor, said it continues to trade in line with the board's expectations ahead of its AGM this morning.
The company attributed a steady performance to a resilient, highly cash generative model underpinned by substantial recurring revenues across its franchise and licensing divisions, which it says provides strong visibility over future earnings and helps mitigate short-term housing market cycles.
The company expects the implementation of the Renters' Rights Act in May 2026 to raise the regulatory and operational burden on self-managed landlords, and said it is already seeing encouraging levels of enquiries that represent an attractive medium-term growth opportunity for its franchise network.
TPFG said it has continued to advance its platform strategy, completing the acquisition of Smart Advice Financial Solutions and making an investment in Meridian HoldCo, the parent of Legal & General Surveying Services, moves the firm believes will broaden financial services capability and diversify earnings while retaining a resilient balance sheet.
