Shaftesbury AR 2017 LR
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STRATEGIC REPORT OVERVIEW <strong>Shaftesbury</strong> Annual Report <strong>2017</strong><br />
Portfolio highlights<br />
TOTAL<br />
VALUATION 2,3 (£bn)<br />
LIKE-FOR-LIKE VALUATION<br />
GROWTH 2,3 (%)<br />
NET<br />
INVESTMENT 2,3 (£m)<br />
REVERSION<strong>AR</strong>Y<br />
POTENTIAL 2 (£m)<br />
£3.64bn<br />
+7.0%<br />
£65.1m<br />
£30.4m<br />
2013<br />
2014<br />
2015<br />
2016<br />
<strong>2017</strong><br />
2013<br />
2014<br />
2015<br />
2016<br />
<strong>2017</strong><br />
2013<br />
2014<br />
2015<br />
2016<br />
<strong>2017</strong><br />
2013<br />
2014<br />
2015<br />
2016<br />
<strong>2017</strong><br />
29.4<br />
23.6<br />
22.2<br />
24.2<br />
26.7<br />
2.0<br />
2.0<br />
2.1<br />
2.1<br />
2.3<br />
5.1<br />
5.1<br />
4.9<br />
4.5<br />
3.3<br />
5.8<br />
7.1<br />
10.2<br />
9.2<br />
10.3<br />
2013<br />
2014<br />
2015<br />
2016<br />
<strong>2017</strong><br />
2013<br />
2014<br />
2015<br />
2016<br />
<strong>2017</strong><br />
2013<br />
2014<br />
2015<br />
2016<br />
<strong>2017</strong><br />
2013<br />
2014<br />
2015<br />
2016<br />
<strong>2017</strong><br />
4.0<br />
2.05<br />
2.61<br />
3.13<br />
3.35<br />
3.64<br />
9.5<br />
21.0<br />
18.0<br />
7.0<br />
65.1<br />
130.1<br />
50.5<br />
95.3<br />
65.1<br />
85.9<br />
105.9<br />
93.5<br />
118.6<br />
102.6<br />
127.8<br />
109.6<br />
138.7<br />
114.1<br />
144.5<br />
50<br />
Annualised current income<br />
ERV<br />
Financial management 2<br />
LOAN TO VALUE 3,4<br />
(%)<br />
INTEREST COVER 3<br />
(TIMES)<br />
BLENDED COST OF DEBT 3,5<br />
(%)<br />
WEIGHTED AVERAGE<br />
MATURITY OF DEBT<br />
26.7%<br />
2.3x<br />
3.3%<br />
10.3years<br />
1 For EPRA definitions, see Glossary on page 147<br />
2 Including our 50% of the Longmartin joint venture<br />
3 Alternative performance measures (“APM”), See page 140<br />
4 Based on net debt<br />
5 Including non-utilisation fees on undrawn bank facilities<br />
6 Excluding non-core asset acquired as part of a portfolio<br />
3
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