Workspace Group increases its 2016 interim dividend by 25%

DividendMax Ltd.

Workspace Group increases its 2016 interim dividend by 25%

Highlights

Financial Performance

 

Profit before tax £163.4m (30 September 2014: £173.7m)

 

Adjusted trading profit after interest up 65% to £20.4m (30 September 2014: £12.4m)

 

EPRA net asset value per share up 12.7% to £7.92 (31 March 2015: £7.03)

 

Adjusted underlying earnings per share up 48.8% to 12.5p (30 September 2014: 8.4p)

 

Interim dividend per share increased by 25% to 4.86p (30 September 2014: 3.89p)

Operating Performance

 

Total net rental income up 28.7% to £35.9m (30 September 2014: £27.9m)

 

Total rent roll up 13.8% to £79.0m (31 March 2015: £69.4m)

 

Like-for-like rent roll up 8.8% to £49.7m (31 March 2015: £45.7m)

 

Like-for-like rent per sq. ft. up 11.1% to £20.68 (31 March 2015: £18.61)

 

Like-for-like occupancy 90.9% (31 March 2015: 92.2%)

Companies mentioned