Acquisition of Two Modern Logistics Units and Development Land in a Prime Location Near Lodz, in Central Poland for €51.8 millionRead more
The outlook for our market remains compelling. The structural change which is driving occupier demand for Big Boxes has only recently started and hence has much further to run, while the supply of appropriate new assets to meet this demand is likely to remain constrained. This implies a continuation of the supportive market conditions for our Company’s strategy.
When acquiring, the Group will continue to target the largest logistics assets, while maintaining our rigorous focus on quality, location and capital discipline.
Overall, the Board remains confident in the future of the business and I look forward to reporting on continued progress next year.
Robert Orr Chairman
|For the period from 1 July 2018 to 30 September 2019|
|Basic net asset value (“NAV”)||€477.3m|
|Basic net asset value (“NAV”) per Share||€1.13|
|EPRA NAV(1) per Share||€1.15|
|IFRS earnings per share (“EPS”)(1)||6.25 cents|
|Adjusted EPS(2)||3.25 cents|
|EPRA EPS(2)||2.96 cents|
|Dividends paid or declared for the period||3.4 cents|
|Total return for the period||3.4%|
1 See Key Performance Indicators
2 Adjusted Earnings per Share attributable to Shareholders, adjusted by other earnings not supported by cashflows. EPRA Earnings per Share earnings from operational activities (which excludes licence fees receivable on our forward-funded assets.) See Note 12 to the accompanying financial information for reconciliation of these measures to Basic EPS
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