May 19 2011
Metric announces NAV per share of 101p, primarily driven by a revaluation surplus of £7.6m or 4.1% (net of costs) on an investment portfolio of £192.4m. Profit after tax came in at £8.5m, adjusted EPS was 0.5p and a maiden dividend of 0.6p per share was declared to be paid on 6 July 2011. A £34.7m term facility with Eurohypo AG was signed post period end bringing committed, undrawn debt facilities to £84.7m and future purchasing power to £160m, including anticipated future debt. The Group has invested and committed all of the net proceeds from the IPO across 13 retail schemes during the period with Sheffield acquired post the period end for £2.3m with commitments of a further £3.3m.
The full announcement can be found in the attached file.
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