Highlights
Strong financial performance
Net rental income up 13% to £18.0m.
Recurring profit up 13% to £25.4m.
EPRA NNNAV growth of 8% to 283p per share.
Significant strategic progress
Private rented sector (PRS) pipeline ahead of plan, with £268m of our £850m investment target secured.
Operating cost savings of 24%, £8.6m, identified and to be fully realised in FY17.
New dividend policy linked to net rental income, 1.45p interim dividend and an expected full year dividend of around 4p, representing c.50% growth from FY15.
