| Item | Result 2016 (£m) | Result 2015 (£m) |
|---|---|---|
| Pretax profit | 555.1 | 507.4 |
| Revenue | 128.8 | 88.8 |
| Net rental income | 75.5 | 66 |
| Surplus from investment property | 442.2 | 380 |
Great Portland Estates has posted a rise in pretax profit for its financial year ended 31 March to £555.1m from £507.4m.
In the period revenue rose to £128.8m from £88.8m and net rental income increased to £75.5m from £66m.
It also recorded a £442.2m surplus from investment property, up from £380m a year earlier.
Its portfolio valuation grew by 15% during the year, during which it posted rental value growth of 9.9%.
Chief executive Toby Courtauld said: “Global economic and political uncertainties, including the upcoming EU referendum, are affecting broader business confidence and investor appetite. It is too early to tell what the impact on the London property market will be although an extended political stalemate as the consequences of the referendum result are worked out would be unhelpful.”
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