Annual Report and Accounts 2019
This has been another year of revenue, cash flow and adjusted earnings growth, driven by a combination of improvements in occupancy and rate.
Looking ahead, we remain focussed on our core objective of increasing occupancy to 90%, which in turn should drive traction on pricing and further rate growth. We have a proven strategy and remain confident about the long-term prospects for the Group.
Nicholas Vetch
Executive Chairman
20 May 2019
+2.2ppts
Like-for-like occupancy growth
+2.9%
Average net rent per sq ft
+7%
Revenue
+14%
Cash flow from operating activities (after net finance costs)
+10%
Adjusted profit before tax
+8%
EPRA earnings per share
We are building futures and striving to deliver long-term sustainable growth by:
A strategy to deliver sustainable earnings growth and shareholder value:
We are committed to the highest standards of corporate governance