London Meteric property maintains its 2016 interim dividend

DividendMax Ltd.

London Meteric property maintains its 2016 interim dividend

Valuation gains driven by development activity and market yield compression

EPRA NAV increased to 147p per share

Total property return of 7.0%

Total accounting return of 8.2%

Earnings growth from portfolio activity and new developments 

EPRA earnings increased 12% to £23.4 million or 3.7p per share

Rental income up 10% to £31.7 million (HY15: £28.9 million)

Contracted income up to £86.7 million pa (HY15: £83.0 million)

Like for like income growth of 2.1% and ERV growth of 2.7%

Interim dividend of 3.5p per share, 107% covered

Dividend progression at the full year

Companies mentioned