"I am pleased to report that PSD has delivered another resilient performance. As at 31 December 2020, the Portfolio was valued at €768.3million by Jones Lang LaSalle GmbH, a like-for-like increase of 6.3%, primarily driven by an increase in like-for-like average rents. The EPRA NTA total return per share was 8.8% over the same period." 

Robert Hingley
Chairman

 
€ million (unless otherwise stated) Year to
31 December
2020
Year to
31 December
2019
Gross rental income 23.9 22.6
Investment property fair value gain 41.5 41.5
Profit before tax (PBT) 37.9 28.6
Reported EPS (€) 0.31 0.22
Investment property value 768.3 730.2
Net debt (Nominal balances)1 254.4 237.8
Net LTV (%) 33.1 32.6
IFRS NAV per share (€) 4.48 4.23
IFRS NAV per share (£)2 4.04 3.58
EPRA NTA per share (€) 5.28 4.92
EPRA NTA per share (£) 4.76 4.16
Dividend per share (cents(€)) 7.5 7.5
Dividend per share (pence(£))2 6.75 6.30
€ EPRA NTA per share total return for period (€%)3 8.8 9.1
£ EPRA NTA per share total return for period (£%)2 16.0 2.9

1 Nominal loan balances as per note 23 to the financial statements rather than the loan balances on the Consolidated Statement of Financial Position which consider capitalised finance arrangement fees in the balance as per IAS 23.

2 Calculated at FX rate GBP/EUR 1:1.11.

3 Further EPRA net asset measures can be found in note 31 to the financial statements.