Looks good to me!7 Dec 2009 07:57
Results Highlights
* Adjusted NAV per share 78.6c1 (31 March 2009: 83.5c)
* Property assets were revalued at EUR500 million (flat vs. 31 March 2009)
* Adjusted profit before tax attributable to equity holders of EUR1.0 million2
* Adjusted EPS of 0.63c2 per share (30 September 2009)
* Gross LTV across the portfolio at 63% (30 September 2009), following a full
drawdown of the new BerlinHyp facility
Operational Highlights
* Returns from investment into the portfolio being evidenced by increased rental
values
*
* New lettings in period of 45,283 sqm compared to 55,900 sqm for the full year
ended 31 March 2009
* Average new lease rate achieved of EUR5.20 per sqm up from EUR4.50 per sqm in the
previous year
* Positive market data from German SME sector
* Introduced new Smartspace scheme to take advantage of demand for highly flexible
short lets
* Approval on debt restructuring post period end, ensuring good financial
flexibility