EPRA cost ratio EPRA cost ratio reflects the overheads and operating costs as a percentage of the gross rental income. 2021 £000
2020 £000
2019 £000
2,384 2,199 5,388
Property operating costs Property void costs Administrative expenses
2,293 2,342 3,005 1,373 5,563 5,842
Less: Ground rent costs
(207)
(259)
(256)
EPRA costs (including direct vacancy costs)
9,764 (2,199) 7,565 36,558 36,351 26.9% (207)
10,602 9,301
Property void costs
(3,005)
(1,373)
EPRA costs (excluding direct vacancy costs)
7,597 7,928 37,780 40,942
Gross rental income Less ground rent costs Gross rental income
(259)
(256)
37,521 40,686 28.3% 22.9% 20.2% 19.5%
EPRA cost ratio (including direct vacancy costs) EPRA cost ratio (excluding direct vacancy costs)
20.8%
Capital expenditure The table below sets out the capital expenditure incurred over the financial year, in accordance with EPRA Best Practices Recommendations. 2021 £000 2020 £000
– –
Acquisitions Development
– –
4,961
Like-for-like portfolio
8,861
–
Other
–
Total capital expenditure
4,961
8,861
Like-for-like rental growth The table below sets out the like-for-like rental growth of the portfolio, by sector, in accordance with EPRA Best Practices Recommendations. Offices Industrial Retail and Leisure Total 2021 £000 2020 £000 2021 £000 2020 £000 2021 £000 2020 £000 2021 £000 2020 £000
13,720
16,254
6,303
36,277
Like-for-like rental income Properties acquired
12,894
15,738
7,589
36,221
–
– –
–
–
–
–
–
–
(1)
282
281
Properties sold
534
625
400
1,559 37,780
13,719
16,254
6,585
36,558
13,428
16,363
7,989
129
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