| Item | H1 2016 result | H1 2015 result | % change |
|---|---|---|---|
| Pretax profit | £200.7m | £330.1m | -39 |
| Revenue | £136.7m | £117.4m | 14 |
| EPRE net asset value per share | 475p | 2.6 | |
| Portfolio valuation | £5.9bn | 1.5 | |
| NAV per share | 483p | 3.2 |
SEGRO’s EPRA net asset value per share rose by 2.6% to 475p during the first six months of the year, driven by a 1.9% hike in the value of its portfolio, boosted primarily by development gains and asset management initiatives.
Revenue for H1 2016 was £136.7m, up from £117.4m the same period a year ago.
Its portfolio valuation increased by 1.5% in the first six months of the year, to £5.9bn, with net asset value per share increasing 3.2% to 483p.
Chief executive David Sleath said: “Our strong first-half operating performance reflects the continuing occupier demand for modern, well-located urban and big-box warehouses, which appeared to be largely unaffected by pre-referendum uncertainty.
“Active asset management, combined with tight demand-supply dynamics, has driven healthy like-for-like net rental income growth.”
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