U+I posted an overall decline of £6.8m in its investment portfolio valuation in the year ended 28 February.
This compares with a £1.7m rise a year earlier. During the period, it realised £35m of development and trading gains.
It won four new large-scale public-private partnership projects, adding £90m to pipeline gains from 2020 and £1.5bn of gross development value to its portfolio.
Chief executive Matthew Weiner said: “I am encouraged by our performance. We delivered £35m of development and trading gains from our planning-led regeneration activities, notwithstanding the substantial hit to transaction activity following the EU referendum.
“This result, which was within our guidance range, has enabled us to declare a third consecutive supplemental dividend in addition to our ordinary dividend.
“In the year ahead, we are set to deliver our highest level of development and trading gains to date – £65m-70m – from a mix of large-scale public private partnership projects and shorter-term trading opportunities, delivering our target 12% post-tax return to shareholders.”
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