MKS / NOV 2016 /
18
PORTFOLIO REVIEW
SIGNIFICANT PORTFOLIO REVERSION TO WORK ON…
… POTENTIAL RETURNS FOR FUTURE PERIODS
Yield
Sept 2016
(£m pa)
Contracted rental income
1
5.1%
22.45
Reversion at lease renewal/expiry
1.87
Void property
1.96
Development property
5.94
Portfolio reversion
2
7.3%
9.77
Portfolio ERV
32.21
Movement
6 months
21.10
2.22
2.27
5.85
10.34
31.44
£1.35m
£(0.35)m
£(0.31)m
£0.09m
£(0.57)m
£0.77m
6.4%
(15.8)%
(13.7)%
1.5%
(5.5)%
2.4%
1. Net of ground rents
2. On ERV
March 2016
(£m pa)
43.5% (£9.77m pa) potential reversion
