Financial measure | 2020 | 2019 | 2018 | 2017 | 2016 |
Gross rental income (£’000) | 25,164 | 21,608 | 21,844 | 20,790 | 20,159 |
Net rental income from investment properties (£’000) | 21,981 | 19,906 | 20,453 | 19,871 | 17,664 |
Profit before taxation (£’000) | 9,487 | 13,190 | 43,443 | 17,594 | 53,160 |
Adjusted profit before taxation (£’000) | 9,727 | 9,272 | 9,067 | 8,605 | 7,943 |
| | | | | |
Investment properties (£’000) | 510,000 | 482,700 | 460,150 | 429,915 | 401,170 |
Loans and borrowings (£’000) | (190,505) | (163,176) | (144,598) | (134,100) | (113,701) |
Total equity (£’000) | 309,166 | 311,083 | 306,440 | 270,792 | 261,223 |
| | | | | |
Ordinary dividends per share (pence) | 7.2 | 10.2 | 10.0 | 9.0 | 8.8 |
Earnings per share – basic (pence) | 8.6 | 14.0 | 46.3 | 18.8 | 57.2 |
Earnings per share – adjusted basic (pence) | 10.3 | 9.9 | 9.7 | 9.2 | 8.5 |
| | | | | |
Net asset value per share (pence) | 328 | 331 | 326 | 289 | 280 |
EPRA net asset value per share (pence) | 329 | 326 | 322 | 303 | 301 |
| | | | | |
Interest cover | 2.2 | 2.1 | 2.0 | 2.0 | 1.9 |
Loan to value | 38 | 33 | 32 | 32 | 29 |