2022 HALF
YEAR RESULTS
REFOCUSED REPOSITIONED RESET
SUPPORTING COMMUNITY LIVING.
RESULTS AND
MARKET OVERVIEW
Lawrence Hutchings
Chief Executive
SUPPORTING COMMUNITY LIVING.
2
REFOCUSED REPOSITIONED RESET
Focus on repositioning and operations following active 12 months
Refocus, | Valuations | Consumer demand | Invest in | Refocus leading |
restructure | stabilising | for community | customer | management |
and recapitalise - | retail and services | proposition | platform | |
delivered balance | ||||
sheet stability |
Deliver portfolio income and value growth
3
Transforming our Balance Sheet
Disciplined stewardship of capital
72%
Loan | Non-Core Asset |
restructuring | sales |
Equity
raise40%
HY 2021 LTV
Comprehensive reset of the balance sheet through 7 key transactions over 18 months
LTV | LTV 40% after > 50% |
reduction in asset values | |
HY 2022 PRO-FORMA
Past three valuation cycles stable supported by transactional evidence (e.g. Blackburn)
Driven by self-help initiatives
Protected key assets whilst maintaining operational outperformance
4
Resilient Operational Performance
Our ongoing focus on needs based, local retail and services remains relevant
29m 55 93.7%
Footfall visits | Leases signed H1 2022 | Occupancy |
(+58% vs 2021 YTD) | +34.1% v previous passing | 30 June 2022 |
June +4% v national index | +17.8% v ERV | |
65 deals in pipeline | (92.8% Dec 2021) | |
97.3% | £5.8M | 118p |
YTD 2022 rent collected | Adjusted Profit |
(82.6% for YTD 2021 | +87% on H1 2021 |
at time of HY 2021 results)
NAV per share +16p on Dec 2021
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Capital & Regional plc published this content on 11 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 06:08:03 UTC.