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18 May 2021
Our 2021 HY Results Announcement

Strong performance and growing dividend. Click here to read more.

2021 Half  Year Results 

“This was another positive period for the Company, reflecting the growing maturity of the business, which was underpinned by the oversubscribed equity raise. We delivered a robust financial performance, supporting a growing dividend. We also continued to successfully implement all elements of our evolved strategy, which includes continued improvements to the sustainability criteria of our properties.

“The fundamentals of our market remain compelling, with the Covid-19 pandemic accelerating the growth of e-commerce, adding to already significant occupier demand for high-quality, large-scale and
sustainable logistics space. The Manager has identified a substantial pipeline of attractive opportunities that support our strategic goals. We expect to make further progress in the second half, as we carefully deploy the proceeds of March’s equity raise and look forward with confidence to the years ahead.”

Robert Orr, Chairman 

Highlights

  31 Mar 2021 30 Sep 2020 % change
Portfolio Value €841.6m €837.9m 0.45% (1)
IFRS NAV per share €1.22 €1.19  
Loan to value ('LTV') (2) ratio 25.0% 39.9% 14.9 pts
  31 Mar 2021 31 Mar 2020  
Dividend per Share 2.50c 2.20c 13.6%
Profit Before Tax €41.2m €27.8m 48.2%
Basic Earnings per Share ('EPS')(3) 7.32c 5.32c  37.6%
Adjusted EPS (4) 2.30c 2.25c 2.2%

1. The comparator period is the 15 months from 1 July 2018 to 30 September 2019
2. Includes held for sale assets
3. Following the October 2019 update to EPRA’s Best Practice Recommendations Guidelines, the Company has adopted EPRA net reinstatement value (NRV) as its primary measure of net asset value and restated its September 2019 position in line with this change. See note 25 of the Financial Statements for reconciliation
4. See note 12 to the financial statements for reconcilliation
5. Like-for-like increase of 5.4%
6. As per KPI definition

2021 Financial Results

Title Statement Presentation Webcast Transcript Report Factsheet
2021 Half Year Financial Results

Financial Results archive

2020
2019
2018
Title Statement Presentation Webcast Transcript Report Factsheet
2020 Full Year Financial Results
2020 Half Year Financial Results
Title Statement Presentation Webcast Transcript Report Factsheet
2019 Full Year Financial Results
Title Statement Presentation Webcast Transcript Report Factsheet
2018 Half Year Financial Results
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