- Occupancy growth of 243,000 sq ft across all stores in the period (2011: occupancy growth of 250,000 sq ft)
- Wholly owned store occupancy growth of 177,000 sq ft in the period (2011: 176,000 sq ft)
- The 53 wholly owned stores open at 1 April 2012 have grown in occupancy over the period from 63.5% to 68.5% at 30 September 2012
- Store revenue for the six months (£35.5 million) up 11.5% from the same six months last year (£31.9 million) and up 9.6% compared to the six months to 31 March 2012
- Store revenue for the second quarter increased by 12.0% to £18.6 million from £16.6 million for the same quarter last year and by 10.1% from the first quarter (£16.9 million)
- Like-for-like revenue per available foot (“REVPAF”)4 was £21.28 for the six months, an increase of 10.1% from £19.33 for the six months ended 30 September 2011
- Store EBITDA4 of £23.2 million up 17% from £19.8 million in the same period last year
- Adjusted profit before tax1 of £13.9 million up 20% (2011: £11.6 million)
- Diluted EPRA earnings per share2 up 20% to 10.71 pence (2011: 8.93 pence)
- Free cash flow5 increased by 10.8% to £14.9 million for the period (2011: £13.5 million)
- Adjusted net assets per share3 of 427.9 pence (31 March 2012: 427.7 pence)
- Interim Property Income Dividend of 5 pence per share declared (2011: 4.5 pence per share)
- Net debt reduced to £269.0 million (31 March 2012: £273.9 million)
1 see note 6; 2 see note 8; 3 see note 14; 4 see Portfolio Summary; 5 see Business and Financial Review
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Occupancy growth of
243,000 sq ft across all
stores in the period
(2011: occupancy growth
of 250,000 sq ft)
Adjusted profit before
tax of £13.9 million up
20% (2011: £11.6 million)
