McKay Securities’ adjusted profit before tax rose 69.2% to £5.8m, compared with £3.4m on the same period last year.
It also received £14.9m net income from investment properties over the past financial year to 31 March.
This compares with £12.7m for 2014 as gross rents and service charges also increased to £21.4m from £16.8m.
The group has acquired five properties over the period at a total cost of £51.5m and has also completed a debt financing from £155m to £175m.
Its portfolio has seen a 59.4% increase in overall ERV to £30.2m.
In February 2014, McKay set out strategy for growth of £86.7m capital raising, which it says has delivered “significant growth”.
Progress has been made at development and refurbishment projects, including the letting of 66 Wilson Street, EC2.
David Thomas, chairman of McKay Securities, said: “We set out our strategy for growth at the time of the £86.7m capital raising in February 2014. Its implementation over the last year has delivered a significant increase in the value of our portfolio, strengthened our income profile and improved the prospects for enhanced returns for shareholders in future years”.
