Great Portland increases its 2015 interim dividend by 2.9%

DividendMax Ltd.

Great Portland increases its 2015 interim dividend by 2.9%

Continued strong growth in both capital and rental values

Portfolio valuation up 8.9% since 31 March 2014 (developments: 13.0%) and 5.0% in Q2

12 month capital return of 21.9% outperforming IPD Central London Index of 20.7%, with total property return of 25.0% v 25.1% for IPD Central London; five year capital return of 109.3%, 21.5% ahead of IPD Central London

Rental value growth of 3.6%2 (3.6% offices, 3.4% retail)

Rent roll growth of 7.8% over six months

Financial results

EPRA NAV per share of 636 pence, up 11.8% in period and 7.3% in Q2

Net assets of £2,160.8 million (31 March 2014: £1,931.9 million)

EPRA profit before tax of £21.0 million, up 16.0% on 2013. EPRA3 EPS of 5.9 pence, up 11.3%

After revaluation surplus, reported profit before tax of £246.5 million (2013: £146.9 million)

Interim dividend per share of 3.5 pence, up 2.9%

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