FINANCIAL HIGHLIGHTS
IFRS profit before taxation increased by 83% to £36.9 million (2013: £20.2 million)
EPRA earnings increased by 168% to £18.2 million (2013: £6.8million)
EPRA earnings per share increased by 116% to 16.4 pence (2013: 7.6 pence)
EPRA net asset value per share increased by 6.3% to 319 pence (2013: 300 pence)
Dividend cover increased to 84% (2013: 57%1)
Payment of 19.5p per share of dividends during the year (2013: 19.0p), the 18th successive year of dividend growth
Increased second interim dividend of 10.0p per share for 2014 declared (2013: 9.75p), payable on 1 April 2015
Debt totalling £178 million acquired with Prime Public Partnerships Limited ("PPP") portfolio in December 2013, fully refinanced in the year as planned
Lending margins reduced by an average of 55 basis points on £235 million of bank facilities
£82.5 million, five year unsecured Convertible Bond issued in May 2014 with a 4.25% coupon and a conversion price of 390 pence per share
24% of drawn debt now on an unsecured basis (2013: 13%)
