The Capital and Counties Properties Board has proposed an interim dividend of 0.5 pence per share to be paid on 23 September 2021 to shareholders on the register at 27 August 2021. Subject to SARB approval, the Board intends to offer a scrip alternative. The dividend will comprise 0.25 pence in the form of a PID and 0.25 pence of ordinary dividend.
Other financial highlights include:
- Total equity of £1.7 billion (Dec 2020: £1.8 billion)
- EPRA NTA declined by 6 per cent to 199 pence per share (Dec 2020: 212 pence per share)
- Total property value of £1.8 billion, a decrease of 5.1 per cent (like-for-like) (Dec 2020: £1.9 billion)
- Group net debt to gross assets ratio of 28 per cent (Dec 2020: 28 per cent)
- Covent Garden loan to value ratio of 18 per cent (Dec 2020: 19 per cent)
- Underlying earnings of nil pence per share (Jun 2020: 0.3 pence per share)
- Reported net rental income £21.0 million (Jun 2020: £18.2 million)
