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Land securities results for the year ended 31 March 2022.

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idpickering
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Land securities results for the year ended 31 March 2022.

#500886

Postby idpickering » May 17th, 2022, 8:00 am

− Total accounting return up to 10.5%, driven by strong operational performance and
strategic actions
− EPRA EPS(1)(2) up 42% to 48.0p, reflecting growth in LFL income and normalising
trading conditions
− EPRA NTA per share(1) up 8% to 1,063p, with a portfolio valuation surplus of 3.6%
− Profit before tax up to £875m (2021: £1,393m loss), driven by growth in earnings and
values.
Total dividend up 37.0% to 37.0p per share (2021: 27.0p), supported by strong recovery
in earnings
− Group LTV(1)(2) up slightly to 34.4% (2021: 32.2%), due to investment in future growth
opportunities
− Weighted average maturity of debt at 9.1 years (2021: 11.5 years), providing strong
financial base.

And later;

Dividends

The Board has recommended a final dividend for the year ended 31 March 2022 of 13p per ordinary share to be paid as
Property Income Distribution (PID). Subject to shareholders' approval at the Annual General Meeting, the final dividend will be
paid on 22 July 2022 to shareholders registered at the close of business on 17 June 2022. The last date for Dividend
Reinvestment Plan (DRIP) elections will be 1 July 2022. The total dividend paid and payable in respect of the year ended 31
March 2022 is 37p (2021: 27p).
The first quarterly dividend for the year ending 31 March 2023 will be paid in October 2022 and will be announced in due
course.


https://www.rns-pdf.londonstockexchange ... 2-5-17.pdf

Also posted on Company News here; viewtopic.php?p=500885#p500885

Ian.

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