Financial Summary
for the year ended 30 June 2015
|
Statement of comprehensive income |
Year ended |
Year ended |
|
|
30 June 2015 |
30 June 2014 |
|
Statutory pre-tax profit |
£56.2m |
£40.7m |
|
Underlying pre-tax profit (1) |
£13.9m |
£12.9m |
|
Basic EPS |
89.02p |
66.45p |
|
EPRA EPS (2) |
22.21p |
21.09p |
|
Ordinary dividend per share |
20.84p |
20.23p |
|
Balance sheet |
30 June 2015 |
30 June 2014 |
|
Net asset value |
£268.6m |
£225.0m |
|
Basic NAV per share |
424p |
356p |
|
EPRA NAV per share (3) |
427p |
358p |
|
Net debt |
£69.0m |
£66.8m |
|
Gearing |
26% |
30% |
|
Property portfolio |
30 June 2015 |
30 June 2014 |
|
Vacancy rate |
5.4% |
6.7% |
|
Portfolio value (4) |
£349.7m |
£298.9m |
|
Valuation gain |
£42.5m |
£27.7m |
|
Initial yield on investment properties |
6.3% |
6.8% |
|
Equivalent yield |
7.2% |
7.9% |
Recommended final dividend of 11.53p per share (2014: 11.19p), making the total in respect of the year ended 30 June 2015 20.84p per share (2014: 20.23p). The final dividend will be paid as a Property Income Distribution (PID).
