McKay Annual Results to 31st March 2017 - page 20

MKS / MAY 2017 /
20
Lettings 6.4% ahead of ERV
26 open market lettings
£1.90m pa combined rental
Tenant retention rate up
77% tenant retention at lease break/expiry (March 2016: 51%)
£1.88m pa retained
9 lease renewals (16.2% over passing / 4.4% ahead of ERV)
WAULT
5.3 years (March 2016: 5.5 years)
4.4 years to break (March 2016: 4.5 years)
Portfolio occupancy up
94.5% excl. dev (March 2016: 92.8%)
77.3% inc. dev (March 2016: 74.2%)
DELIVERING RESULTS ACROSS THE PORTFOLIO
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