Strong Financial Performance
Adjusted EPS increased by 6.4%, dividend per share grew by 4.9%, and property valuation performance led to EPRA NTA per share growth of 1.4%. Net rental income increased by 17.3% to over GBP 149 million.
Successful Strategic Execution
Integration of UKCM Logistics assets and a second data center opportunity secured. Successful refinancing of two debt facilities and a strong balance sheet with a portfolio value increase of 4.2% to GBP 6.8 billion.
Growth Drivers and Outlook
Potential to deliver earnings growth of 50% by the end of 2030, driven by record rental reversion, logistics development pipeline, and data center developments. Anticipated rental income increase from GBP 300 million to GBP 790 million per annum.
Operational Achievements
Achieved GBP 5.6 million in rental growth through asset management and development pipeline progress with 0.8 million square feet of developments completing.
Sustainability and ESG Ratings
Progress towards 2025 sustainability targets with strong ESG ratings, including MSCI, GRESB, and CDP.