Financial highlights
 
Year ended 31 March 2020 Year ended 31 March 2019 Change
Total NAV return 1 13.40% 12.10% +130 bps
NAV (and EPRA NAV) per share 1 124.3p 114.6p +9.7p
Dividend per share 5.75p 5.50p +0.25p
Adjusted earnings per share 1 6.3p 6.3p -
EPRA earnings per share 1 5.6p 5.6p -
Operating profit £78.4m £37.3m +£41.2m
Portfolio valuation 2,3 £914.0m £589.5m +£324.5m
Weighted average geared IRR pa on disposals to date 34% 32% +200 bps
Loan to value 20% 29% -900 bps
Average fixed/capped cost of debt 2.94% 2.94% -
Average debt maturity (years) 11 12 -1
Operating highlights
 
Year ended 31 March 2020 Year ended 31 March 2019 Change
Average acquisition NIY to date 5.80% 5.80% -
Rents containing index-linked or fixed uplifts 96% 96% -
WAULT to first break (years) 22 22 -
Portfolio let or pre-let 100% 100% -
Property sectors 9 9 -
Separate tenants 52 38 14
Previous Financial Reports and Presentations
Date
Financial Reports and Presentations
31 March 2020
Preliminary results announcement 31 March 2020
31 March 2020
Annual results presentation 31 March 2020
Date
Financial Reports and Presentations
31 March 2019
Annual report 31 March 2019
31 March 2019
Preliminary results announcement 31 March 2019
31 March 2019
Annual results presentation 31 March 2019
30 September 2019
Interim report 30 September 2019
30 September 2019
Preliminary interim results announcement 30 September 2019
30 September 2019
Interim results presentation 30 September 2019
Date
Financial Reports and Presentations
31 March 2018
Annual report 31 March 2018
31 March 2018
Preliminary results announcement 31 March 2018
31 March 2018
Annual results presentation 31 March 2018
30 September 2018
Interim report 30 September 2018
30 September 2018
Preliminary interim results announcement 30 September 2018
30 September 2018
Interim results presentation 30 September 2018
Date
Financial Reports and Presentations
30 September 2017
Interim report 30 September 2017
30 September 2017
Preliminary interim results announcement 30 September 2017

1   Further details on Alternative Performance Measures can be found in the Chairman’s Statement and definitions given in the Key performance indicators and the EPRA performance measures sections or otherwise included in the Glossary included in the Additional Information

2   These are targets only and not a profit forecast and there can be no assurance that they will be met

3   The valuation includes the standard form Covid-19 ‘material uncertainty’ clause and detail is given in Note 9. However, the valuer has expressly taken into account the impact or potential impact of Covid-19 on the Company’s assets in deriving these valuation figures4   The valuation includes forward funded commitments outstanding. A reconciliation to the IFRS fair value as per the consolidated statement of financial position is included in Note 9 to the consolidated financial statements