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Financial Highlights

Financial Summary

for the year ended 30 June 2012

Income statement 30 June 2012 30 June 2011
Underlying pre-tax profit (1) £13.4m £12.2m
Gross rental income received £20.2m £18.3m
Basic EPS 0.28p 22.43p
EPRA EPS (2) 22.59p 21.36p
Ordinary dividend per share 19.07p 18.51p

 

Balance sheet 30 June 2012 30 June 2011
Net asset value £177.6m £188.6m
Basic NAV per share 295p 314p
EPRA NAV per share (3) 297p 318p
Net debt £69.0m £67.7m
Gearing 39% 36%

 

Property Portfolio 30 June 2012 30 June 2011
Vacancy rate 6.5% 7.3%
Portfolio value (4) £252.8m £261.3m
Valuation deficit £15.1m £0.4m
Initial yield on investment properties 8.1% 7.5%
Equivalent yield 8.7% 8.3%

Recommended final dividend of 10.55p per share, making the total in respect of the year ended 30 June 2012 19.07p per share (2011: 18.51p).  The final dividend will be paid as a Property Income Distribution (PID).

(1) See page 10 of the property and finance review for the calculations.

(2)  Excludes the profit on disposal of investment, development and trading properties and the revaluation of investment and development properties and derivative financial instruments and taz adjustments.  See note 9 of the annual report. 

(3)  Excludes the fair value of derivative financial instruments and includes the surplus on trading properties. See note 9 of the annual report.

(4)  See note 10 of the annual report. 

Click here  to download the 2012 Annual Report and Accounts.

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