Financial Review 2018
| | 2018 | 2017 | 2016 |
| Profit after tax | £64m | £43m | £65m |
| Dividend cover | 122% | 115% | 112% |
| Net assets | £487m | £442m | £417m |
| Earnings per share | 11.9p | 7.9p | 12.0p |
| Total Shareholder Return | 4.8% | 25.6% | 1.9% |
| Property valuation | £684m | £624m | £646m |
Operational Highlights
Growing Occupancy and Portfolio Outperformance
- Total property return of 13.0%, outperforming MSCI IPD Quarterly Benchmark of 10.1%
- Total property return and income return outperformance ahead of MSCI IPD over 1, 3, 5 and 10 years
- Increased occupancy to 96%, ahead of the MSCI IPD Quarterly Benchmark of 93%
Portfolio Activity
- Like-for-like valuation increase of 6.5%
- Like-for-like passing rent increased by 3.9%
- Like-for-like ERV growth of 2.4% with total portfolio ERV of £47.9 million
- One property acquisition of £23.2 million and three non-core disposals for £10.4 million
- Invested £3.6 million into refurbishment projects to enhance the portfolio
