Annual Report 2012 - Development Securities PLC

Investment property – key statistics
Portfolio value
£m
Completed investment portfolio – 29th February 2012
Gross rental income – Tenant profile
Gross rental income – Lease term profile
Investment property
key statistics
Contracted
rent
£m
Number of
assets held at
29th February/
31st December
No.
PLC/Nationals 63.4%
Local Traders 17.9%
Regional Multiples 14.4%
FTSE 100 3.0%
Government 1.3%
0 – < 5 years 33.5%
5 – < 10 years 37.3%
10 – < 15 years 12.1%
15 – < 20 years 8.8%
20 years + 8.3%
New
lettings
in period
£m/sq.ft.
Initial
yield in
period
%
Capital value – Location profile
Capital value – Sector analysis
Equivalent
yield
%
Voids
(excluding
developable
land)
%
South East 43.6%
South West 19.0%
North 13.2%
Wales 10.4%
London 9.8%
Midlands 4.0%
Retail 71.6%
Industrial 12.6%
Mixed 7.9%
Office 6.6%
Residential 1.3%
Operating Review
Rate
of rental
collections
within 30 days
%
29th February 2012 237.90 13.74 42 £0.80m/67,100 sq.ft. 7.27 7.54 11.43 95.28
31st December 2010 199.24 12.54 37 £1.29m/101,067 sq.ft. 6.12 7.32 7.97 92.33
31st December 2009 181.04 11.56 33 £1.26m/98,975 sq.ft. 6.82 8.07 7.54 91.88
Income generating properties – Like-for-like rental income received 14-month period ended 29th February 2012
Property
owned
throughout
the period
£’000
Acquisitions
£’000
Disposals
£’000
Transfers
£’000
Investment 11,583 3,942 77 1,326 16,928
Development and trading 1,591 3,495 316 (1,326) 4,076
Joint ventures — 2,800 — — 2,800
Total
rental
income
£’000
13,174 10,237 393 — 23,804
Year ended 31st December 2010
Investment 10,058 1,428 1,265 — 12,751
Development and trading 1,313 1,057 69 — 2,439
Joint ventures — 925 — — 925
11,371 3,410 1,334 — 16,115
Development Securities PLC / Annual Report 2012 31