Strong capital value growth driven by rental growth and development profits - outperforming London market
Portfolio valuation up 14.7%1 in year (developments: 26.2%1) and 3.9%1 in H2
Rental value growth of 9.9%1 (10.6% offices, 7.7% retail); 2.6%1 in H2
12 month capital return of 16.3% v 13.3% for IPD Central London Index, with Total Property Return of 18.9% v 16.7% for IPD Central London; 5 year capital return of 95.0% v 78.9% for IPD Central London
Excellent financial performance - increased NAV, earnings and dividend
EPRA2 NAV per share of 847 pence (pre-SDLT increase: 857 pence), up 19.5% in year and 4.8% in H2
Net assets of £2,912.2 million (March 2015: £2,390.9 million)
EPRA2 profit before tax of £47.8 million, up 6.0% on 2015. EPRA2 EPS of 13.5 pence, up 6.3%
After revaluation surplus, reported profit before tax of £555.1 million (March 2015: £507.4 million)
Total dividend per share of 9.2 pence (2015: 9.0 pence), up 2.2%
