Financial Highlights

28 Apr 2006 08:16

FOR IMMEDIATE RELEASE28th April 2006 LONDON & ASSOCIATED PROPERTIES PLC: PRELIMINARY RESULTS FOR 12 MONTHS TO 31ST DECEMBER 2005 HIGHLIGHTS London & Associated Properties PLC is fully listed and is focussed on theacquisition of, and long term management of, well located shopping centres andother retail investments. Today it owns and manages ‚£272m of retailinvestments. * Fully diluted net assets have risen by 18.1% to 115.9p per share * Total property portfolio increased by 9% to ‚£272.5m * Pre-tax profits of ‚£17.9m - broadly unchanged * Gross rental income from directly owned portfolio up 1.4% to ‚£7.9m * Final dividend of 1.175p per share recommended making 1.725p per share for the year - up 5% "2005 was another year of considerable progress and I am pleased to report thatyour Company is in a very strong financial position with a number of excitingvalue enhancing projects underway. As a result, I look forward to the futurewith great confidence," Michael Heller, Chairman. -more- Contacts:London & Associated Properties PLC Tel: 020 7415 5000Michael Heller, ChairmanJohn Heller, Chief ExecutiveRobert Corry, Finance DirectorBaron Phillips Associates Tel: 020 7920 316107050 124119Baron PhillipsENDLONDON AND ASSOCIATED PROPERTIES PLC