Highlights

Our key financial highlights taken from our latest Report and Accounts.

TOTAL property return

2013
£35.9M
2014
£140.1M
2015
£155.3M
2016
£164.6M
2017
£79.9M

profit before tax

2013
£5.0M
2014
£101.7M
2015
£87.4M
2016
£114.0M
2017
£41.6M

epra earnings per share

2013
2.4p
2014
33.3p
2015
2.4p
2016
17.1p
2017
0.5p

see-through portfolio value

2013
£626.4M
2014
£801.7M
2015
£1021.4M
2016
£1240.0M
2017
£1205.2M

net assets

2013
£253.8M
2014
£340.5M
2015
£404.4M
2016
£480.7M
2017
£516.9M

epra net asset value per share

2013
264P
2014
313P
2015
385P
2016
456P
2017
473P

Portfolio return — ipd

2013
8.6%
2014
23.8%
2015
20.4%
2016
21.7%
2017
9.4%

total shareholder return

2013
28.4%
2014
61.1%
2015
7.6%
2016
1.0%
2017
-18.0%

total dividend declared per share

2013
5.55P
2014
6.75P
2015
7.25P
2016
8.17P
2017
8.60P

see-through loan to value

2013
45%
2014
46%
2015
52%
2016
55%
2017
51%

see-through net gearing

2013
112%
2014
107%
2015
132%
2016
142%
2017
120%

interest cover ratio

2013
2.7X
2014
8.3X
2015
2.5X
2016
5.4X
2017
2.6X