Great Portland Estates increases its 2016 interim dividend by 2.9%

DividendMax Ltd.

Great Portland Estates increases its 2016 interim dividend by 2.9%

Continued strong growth in both capital and rental values, outperforming London market

Portfolio valuation up 10.5%2 since 31 March 2015 (developments: 18.3%2)

Six month capital return of 11.9% outperforming IPD Central London of 8.7%, with total property return of 13.6% v 10.4% for IPD Central London; five year capital return of 104.4%, 21.1% ahead of IPD Central London

Rental value growth of 6.5%2 (6.7% offices, 5.9% retail) v 5.6% for IPD Central London

Rent roll growth of 3.8% over six months

Excellent financial performance with increased NAV and EPS

EPRA3 NAV per share of 808 pence, up 14.0% over six months

Net assets of £2,746.7 million (31 March 2015: £2,390.9 million)

EPRA3 profit before tax of £24.3 million, up 15.7% on 2014. EPRA3 EPS of 6.9 pence, up 16.9%

After revaluation surplus, reported profit after tax of £371.0 million (2014: £246.5 million)

Interim dividend per share of 3.6 pence, up 2.9%

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