Nov 17 2011
Metric announces EPRA NAV per share of 104p,EPRA EPS of 2.1p and DPS of 1.0p was declared to be paid on 21 December 2011. Total property return for the period was 5.7% outperforming the IPD All Retail Quarterly Universe return of 3.3%. Valuation uplift since March 2011 of £3.4m, up 1.5%, representing an underlying uplift of £5.0m, up 2.2%. Post period end MIPP was launched, a £150m JV between Metric and USS to invest in smaller, higher income yielding retail warehouse parks or solus units. Acquisitions during the period totalled £27.6m (net of acquisition costs), off an expected yield on cost of 7.1% with further conditional exchanges on 150,000 sq ft of new retail development.
Download