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St. Modwen Properties increases its 2018 interim dividend by 53.5%

Investment Tools Ltd.
St. Modwen Properties increases its 2018 interim dividend by 53.5%

St Modwen Properties 2018 interim results

NAV per share up 1.0% over the six months to 455.4 pence (Nov 2017: 450.9 pence).

Total accounting return for the half year of 2.0% (2017: 2.9%) due to disposals.

Group net borrowings down £67.8m over the half year to £366.0m (Nov 2017: £433.8m).

See-through LTV stable since year end at 24.2% (Nov 2017: 24.2%).

Adjusted EPRA EPS for the half year up 0.4 pence to 6.3 pence (2017: 5.9 pence).

Interim dividend up 53.5% to 3.10 pence per share (2017: 2.02 pence per share).

 

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