The Helical plc Board will be recommending to Shareholders a final dividend of 8.25p per share, an increase of 11.5% on last year (7.40p). If approved by Shareholders at the 2022 AGM, the total dividend for the year will be 11.15p, up 10.4% on 2021.
Other financial highlights include:
IFRS profit after tax increased to £88.9m (2021: £17.9m).
See-through Total Property Return of £89.5m (2021: £48.6m):
- Group's share of net rental income of £31.2m (2021: £25.0m) - up 24.8%.
- Net gain on sale and revaluation of investment properties of £51.7m (2021: £23.9m).
- Development profits of £6.6m (2021: losses of £0.3m).
Total Property Return, as measured by MSCI, of 10.7%, compared to the MSCI Central London Offices Total Return Index of 7.9%.
IFRS basic earnings per share of 72.8p (2021: 14.8p).
EPRA earnings per share of 5.2p (2021: loss of 1.8p).