2024 Half Year Results

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Half Year Results 2024Half Year Results 2024
ContentsContents
Overview - Fredrik Widlund - Chief Executive OfficerOverview - Fredrik Widlund - Chief Executive Officer
Delivering on our strategic prioritiesDelivering on our strategic priorities
Providing tenants with high quality office spaceProviding tenants with high quality office space
Key lettings secured in 2024 with more to comeKey lettings secured in 2024 with more to come
Valuations down 4.1% but appear to be bottomingValuations down 4.1% but appear to be bottoming
Sales of £61.0m in line with book valueSales of £61.0m in line with book value
Financials & Occupiers - Andrew Kirkman - Chief Financial OfficerFinancials & Occupiers - Andrew Kirkman - Chief Financial Officer
Summary of keymetricsSummary of keymetrics
5.9% increase in net rental income; EPRA earnings down 7.7% due to increased finance costs5.9% increase in net rental income; EPRA earnings down 7.7% due to increased finance costs
NTA impacted by property valuation declineNTA impacted by property valuation decline
Consistent cash generation with disposal proceeds to reduce leverageConsistent cash generation with disposal proceeds to reduce leverage
Financing - strategy and overviewFinancing - strategy and overview
Financing - delivery in H1 and focus for H2Financing - delivery in H1 and focus for H2
High-quality and diversified tenant baseHigh-quality and diversified tenant base
Over 50% of income index-linkedOver 50% of income index-linked
Portfolio & Sustainability - Fredrik Widlund - Chief Executive OfficerPortfolio & Sustainability - Fredrik Widlund - Chief Executive Officer
Generating returns through selective refurbishmentGenerating returns through selective refurbishment
Citadel Place/Spring Gardens, VauxhallCitadel Place/Spring Gardens, Vauxhall
Progress in 2024: energy & carbonProgress in 2024: energy & carbon
Summary & Outlook - Fredrik Widlund - Chief Executive OfficerSummary & Outlook - Fredrik Widlund - Chief Executive Officer
CLS view – UK recovery further ahead than EuropeCLS view – UK recovery further ahead than Europe
Significant growth opportunitiesSignificant growth opportunities
Delivering on our strategic prioritiesDelivering on our strategic priorities
Questions & AnswersQuestions & Answers
Questions & AnswersQuestions & Answers
Questions & AnswersQuestions & Answers
Questions & AnswersQuestions & Answers
Questions & AnswersQuestions & Answers
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Half Year Results 2024
Half Year Results 2024
Contents
Contents
Overview - Fredrik Widlund - Chief Executive Officer
Overview - Fredrik Widlund - Chief Executive Officer
Delivering on our strategic priorities
Delivering on our strategic priorities
Providing tenants with high quality office space
Providing tenants with high quality office space
Key lettings secured in 2024 with more to come
Key lettings secured in 2024 with more to come
Valuations down 4.1% but appear to be bottoming
Valuations down 4.1% but appear to be bottoming
Sales of £61.0m in line with book value
Sales of £61.0m in line with book value
Financials & Occupiers - Andrew Kirkman - Chief Financial Officer
Financials & Occupiers - Andrew Kirkman - Chief Financial Officer
Summary of keymetrics
Summary of keymetrics
5.9% increase in net rental income; EPRA earnings down 7.7% due to increased finance costs
5.9% increase in net rental income; EPRA earnings down 7.7% due to increased finance costs
NTA impacted by property valuation decline
NTA impacted by property valuation decline
Consistent cash generation with disposal proceeds to reduce leverage
Consistent cash generation with disposal proceeds to reduce leverage
Financing - strategy and overview
Financing - strategy and overview
Financing - delivery in H1 and focus for H2
Financing - delivery in H1 and focus for H2
High-quality and diversified tenant base
High-quality and diversified tenant base
Over 50% of income index-linked
Over 50% of income index-linked
Portfolio & Sustainability - Fredrik Widlund - Chief Executive Officer
Portfolio & Sustainability - Fredrik Widlund - Chief Executive Officer
Generating returns through selective refurbishment
Generating returns through selective refurbishment
Citadel Place/Spring Gardens, Vauxhall
Citadel Place/Spring Gardens, Vauxhall
Progress in 2024: energy & carbon
Progress in 2024: energy & carbon
Summary & Outlook - Fredrik Widlund - Chief Executive Officer
Summary & Outlook - Fredrik Widlund - Chief Executive Officer
CLS view – UK recovery further ahead than Europe
CLS view – UK recovery further ahead than Europe
Significant growth opportunities
Significant growth opportunities
Delivering on our strategic priorities
Delivering on our strategic priorities
Questions & Answers
Questions & Answers
Questions & Answers
Questions & Answers
Questions & Answers
Questions & Answers
Questions & Answers
Questions & Answers
Questions & Answers
Questions & Answers

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