This morning we were pleased to announce report record levels of development and trading gains for 2016.
Reporting on our full year results, we announced key highlights including:
- £51.1m of development trading gains
- 291p EPRA NAV (5.4% growth)
- 13.9p total dividends declared with respect to FY16
The announcement of a new dividend policy, which should provide better visibility on returns to shareholders
This has been a remarkable year for the business in which we have merged, moved to a new home, completed our business review and appointed an Executive Committee, setting us up for continued growth in the years ahead.
There is a common misconception that to achieve social change you sacrifice profit – we don’t believe that. As we end our first reporting year as U+I following the merger of two very different companies, we’re on track to prove that property development can be done very differently, but equally successfully.
For those of you’d who’d like to read through the results in detail, the results, presentation and webcast can be found here.