McKay Annual Results to 31st March 2017 - page 7

MKS / MAY 2017 /
7
Portfolio valuation of £429.92m (March 2016: £401.17m)
Surplus of 1.7% (£7.07m)
Capital growth ahead of IPD
1
Initial yield
2
: 5.1%
(March 16: 5.0%)
Reversionary yield
3
:
7.1%
(March 16: 7.4%)
1.7% VALUATION SURPLUS vs –1.8% IPD
1. Monthly index. London = City segment. Segments exc dev
2. On contracted rents (net)
3. On ERV (net)
-3 -2 -1 0 1 2 3 4 5 6 7 8
All property
South East offices
London offices
South East industrials
IPD
McKay
Surplus: % change (12 months)
1,2,3,4,5,6 8,9,10,11,12,13,14,15,16,17,...41
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