MKS / MAY 2016 /
3
INTRODUCTION
POSITIVE YEAR ON ALL KEY FRONTS
INCOME
Gross rental income: up 14.4% to £20.16m
Portfolio ERV: up 8.5% (like for like) and 4.2% in total to £31.44m pa
Adjusted profit before tax: up 37.2% to £7.94m
Earnings per share (adj diluted): up 36.5% to 8.4pps
CAPITAL
Valuation: 9.7% surplus (£35.31m) to £401.17m
Surplus on disposals: 37.1% (£9.11m)
EPRA NAV: up 11.5% to 301 pps
DIVIDEND
8.8pps in total (2015: 8.7pps)
97% cover from recurring earnings
