Strategic Report Key Performance Indicators continued
EPRANTAper share (pence)
EPRA vacancy rate (%)
G
I
2021 2020 2019
97 93 93
2021 2020 2019
8.8 11.5 10.3
Why we use this indicator The EPRA net tangible assets (NTA) per share, calculated in accordance with EPRA, measures the value of shareholders’ equity in the business. We use this to measure the growth of the business over time and regard this as the most relevant net asset metric for the business.
Why we use this indicator The vacancy rate measures the amount of vacant space in the portfolio at the end of each financial period, and over the long-term, is an indication of the success of asset management initiatives undertaken.
Our performance in 2021 The EPRANTA per share has increased by 3.7% this year, due to valuation gains, particularly in the industrial portfolio, and the high dividend cover achieved.
Our performance in 2021 Inwhat has been a very difficult year for the leasingmarket the fall in our EPRA vacancy rate highlights the success of our occupier focused approach.
1
1
3
3
2
2
EPRA earnings per share (pence)
H
2021 2020 2019
3.7 3.7 4.3
Why we use this indicator The earnings per share, calculated in accordance with EPRA, represents the earnings from core operational activities and excludes investment property revaluations, gains/losses on asset disposals and any exceptional items. We use this because it measures the operating profit generated by the business from the core property rental business. The growth in EPRA earnings per share is also a performance measure used for the annual bonus and the Long-term Incentive Plan.
Our performance in 2021 EPRA earnings per share has remained at 3.7 pence, with the positive impact of higher occupancy and lower costs being offset by increased provisions against income receivable.
1
3
2
32
Powered by FlippingBook