MKS / MAY 2016 /
4
INTRODUCTION
SIGNIFICANT PORTFOLIO REVERSION ENHANCED
… POTENTIAL RETURNS FOR FUTURE PERIODS
Yield
March 2016
(£m pa)
Contracted rental income
1
5.0%
21.10
Reversion at lease renewal/expiry
2.22
Void property
2.27
Development property
5.85
Portfolio reversion
7.4%
10.34
Portfolio ERV
31.44
Movement
12 months
20.50
1.60
2.53
5.56
9.69
30.19
£0.60m
£0.61m
£(0.25)m
£0.29m
£0.65m
£1.25m
£2.40m
2.9%
38.0%
(9.8)%
5.2%
6.7%
4.1%
8.5%
Rental income
3
:
Portfolio ERV (like for like)
2
:
1. Net of ground rents
2. Excluding disposals / acquisitions
3. Gross rental income (net of ground rents) for year to 31st March 2016
20.16
30.67
28.27
March 2015
(£m pa)
49.0% (£10.34m pa) potential reversion
