Five Year Summary

Below is a summary of our financial highlights for the five most recent years.

Income Statements

 
31.3.21
£'000 
31.3.20
£'000 
31.3.19
£'000 
31.3.18
£'000 
31.3.17
£'000 
Revenue
31.3.21
£'000
38,596
31.3.20
£'000
44,361
31.3.19
£'000
44,175
31.3.18
£'000
175,596
31.3.17
£'000
99,934
Net rental income
31.3.21
£'000
24,965
31.3.20
£'000
27,838
31.3.19
£'000
24,599
31.3.18
£'000
36,329
31.3.17
£'000
46,162
Development profit/(loss)
31.3.21
£'000
678
31.3.20
£'000
2,076
31.3.19
£'000
2,564
31.3.18
£'000
(1,961)
31.3.17
£'000
7,143
Provisions against stock
31.3.21
£'000
(82)
31.3.20
£'000
1,198
31.3.19
£'000
(4,345)
31.3.18
£'000
(2,213)
31.3.17
£'000
(6,300)
Share of results of joint ventures
31.3.21
£'000
2,352
31.3.20
£'000
13,396
31.3.19
£'000
(3,217)
31.3.18
£'000
3,196
31.3.17
£'000
(6,528)
Other operating income
31.3.21
£'000
48
31.3.20
£'000
88
31.3.19
£'000
-
31.3.18
£'000
111
31.3.17
£'000
982
Gross profit before gain on investment properties
31.3.21
£'000
27,961
31.3.20
£'000
44,596
31.3.19
£'000
19,601
31.3.18
£'000
35,462
31.3.17
£'000
41,459
(Loss)/gain on sale of investment properties
31.3.21
£'000
(1,341)
31.3.20
£'000
(1,272)
31.3.19
£'000
15,008
31.3.18
£'000
13,567
31.3.17
£'000
1,391
Revaluation surplus on investment properties
31.3.21
£'000
19,387
31.3.20
£'000
38,351
31.3.19
£'000
44,284
31.3.18
£'000
23,848
31.3.17
£'000
39,152
Fair value movement of available-for-sale assets
31.3.21
£'000
-
31.3.20
£'000
-
31.3.19
£'000
144
31.3.18
£'000
1,385
31.3.17
£'000
(3,352)
Administrative expenses excluding performance related awards
31.3.21
£'000
(9,276)
31.3.20
£'000
(10,524)
31.3.19
£'000
(10,858)
31.3.18
£'000
(11,023)
31.3.17
£'000
(10,800)
Performance related awards
31.3.21
£'000
(5,140)
31.3.20
£'000
(6,191)
31.3.19
£'000
(5,895)
31.3.18
£'000
(1,742)
31.3.17
£'000
(7,572)
Finance costs
31.3.21
£'000
(14,079)
31.3.20
£'000
(16,100)
31.3.19
£'000
(17,407)
31.3.18
£'000
(37,438)
31.3.17
£'000
(25,598)
Finance income
31.3.21
£'000
58
31.3.20
£'000
1,345
31.3.19
£'000
983
31.3.18
£'000
4,303
31.3.17
£'000
3,156
Movement in fair value of derivative financial instruments
31.3.21
£'000
2,938
31.3.20
£'000
(7,651)
31.3.19
£'000
(3,322)
31.3.18
£'000
4,029
31.3.17
£'000
789
Convertible Bond adjustment
31.3.21
£'000
-
31.3.20
£'000
468
31.3.19
£'000
865
31.3.18
£'000
(1,559)
31.3.17
£'000
2,973
Foreign exchange gains/(losses)
31.3.21
£'000
-
31.3.20
£'000
8
31.3.19
£'000
53
31.3.18
£'000
(10)
31.3.17
£'000
(3)
Profit before tax
31.3.21
£'000
20,508
31.3.20
£'000
43,030
31.3.19
£'000
43,456
31.3.18
£'000
30,822
31.3.17
£'000
41,595
Tax on profit on ordinary activities
31.3.21
£'000
(2,631)
31.3.20
£'000
(4,313)
31.3.19
£'000
(836)
31.3.18
£'000
(4,537)
31.3.17
£'000
(2,471)
Profit after tax
31.3.21
£'000
17,877
31.3.20
£'000
38,717
31.3.19
£'000
42,620
31.3.18
£'000
26,285
31.3.17
£'000
39,124

Balance Sheets

 
31.3.21
£'000 
31.3.20
£'000 
31.3.19
£'000 
31.3.18
£'000 
31.3.17
£'000 
Investment Portfolio at fair value
31.3.21
£'000
756,875
31.3.20
£'000
836,875
31.3.19
£'000
791,250
31.3.18
£'000
802,134
31.3.17
£'000
1,003,000
Land, developments and trading properties
31.3.21
£'000
448
31.3.20
£'000
852
31.3.19
£'000
2,311
31.3.18
£'000
6,042
31.3.17
£'000
86,680
Group's share of investment properties held by joint ventures
31.3.21
£'000
82,516
31.3.20
£'000
76,809
31.3.19
£'000
25,382
31.3.18
£'000
22,623
31.3.17
£'000
13,907
Group’s share of land, trading and development properties held by joint ventures
31.3.21
£'000
16,545
31.3.20
£'000
34,164
31.3.19
£'000
56,935
31.3.18
£'000
76,474
31.3.17
£'000
89,115
Group’s share of land, trading and development stock surpluses
31.3.21
£'000
578
31.3.20
£'000
578
31.3.19
£'000
578
31.3.18
£'000
2,328
31.3.17
£'000
12,514
Group's share of total properties at fair value
31.3.21
£'000
856,962
31.3.20
£'000
949,278
31.3.19
£'000
876,456
31.3.18
£'000
909,601
31.3.17
£'000
1,205,216
Net debt
31.3.21
£'000
182,255
31.3.20
£'000
273,598
31.3.19
£'000
227,712
31.3.18
£'000
325,121
31.3.17
£'000
574,439
Group's share of net debt of joint ventures
31.3.21
£'000
11,688
31.3.20
£'000
24,933
31.3.19
£'000
40,861
31.3.18
£'000
37,733
31.3.17
£'000
45,537
Group’s share of net debt
31.3.21
£'000
193,943
31.3.20
£'000
298,531
31.3.19
£'000
268,573
31.3.18
£'000
362,854
31.3.17
£'000
619,976
Net assets
31.3.21
£'000
608,161
31.3.20
£'000
598,689
31.3.19
£'000
567,425
31.3.18
£'000
533,894
31.3.17
£'000
516,897
EPRA net tangible asset value/*EPRA net asset value
31.3.21
£'000
658,663
31.3.20
£'000
640,424
31.3.19
£'000
597,321
31.3.18
£'000
561,644*
31.3.17
£'000
565,973*
Dividend per ordinary share paid/payable
31.3.21
£'000
8.70p
31.3.20
£'000
10.20p
31.3.19
£'000
9.60p
31.3.18
£'000
8.70p
31.3.17
£'000
3.12p
Dividend per ordinary share declared
31.3.21
£'000
10.10p
31.3.20
£'000
8.70p
31.3.19
£'000
10.10p
31.3.18
£'000
9.50p
31.3.17
£'000
8.60p
EPRA (loss)/earnings per ordinary share
31.3.21
£'000
(1.8)p
31.3.20
£'000
7.6p
31.3.19
£'000
(8.4)p
31.3.18
£'000
(7.0)p
31.3.17
£'000
0.5p
EPRA net tangible assets per share/*EPRA NAV per share
31.3.21
£'000
533p
31.3.20
£'000
524p
31.3.19
£'000
494p
31.3.18
£'000
468p*
31.3.17
£'000
473p*