Workspace Group increases its 2016 full year dividend by 25%

DividendMax Ltd.

Workspace Group increases its 2016 full year dividend by 25%

Highlights

Financial Performance

 

Profit before tax up 8.7% to £391.3m (2015: £360.0m)

 

Trading profit after interest up 65% to £43.9m (2015: £26.6m)

 

EPRA net asset value per share up 31.3% to £9.23 (2015: £7.03)

 

Adjusted underlying earnings per share up 55.8% to 26.8p (2015: 17.2p)

 

Final dividend per share increased by 25% to 10.19p (2015: 8.15p)

 

Total dividend per share up 25% to 15.05p (2015: 12.04p)

Operating Performance

 

Total net rental income up 28.4% to £74.1m (31 March 2015: £57.7m)

 

Total rent roll up 12.7% to £78.2m (31 March 2015: £69.4m)

 

Like-for-like rent roll up 15.4% to £48.8m (31 March 2015: £42.3m)

 

Like-for-like rent per sq. ft. up 16.4% to £22.37 (31 March 2015: £19.22)

 

Like-for-like occupancy 90.7% (31 March 2015: 91.8%)