Highlights
Underlying profit before tax† up 42% to £102 million for the
six month period
Adjusted net asset value* per share increased 11.3% to 1256 pence
Interim dividend up 8.3% to 5.2 pence per share
Net rental income+ increased by 30% to £351 million for the
six month period
Underlying earnings per share* up 32% to 15.4 pence
(up 48% on restated# basis); unadjusted diluted earnings per share 118.3 pence, up 65%
Properties owned and managed up 32% to £18.3 billion
Total return for the six months 12.3%
- † Note 2
- * adjusted, diluted - Notes 8, 19
- + includes share of Funds and Joint Ventures - Table A
- # Note 8
- ‡ 2001, 2002 and 2003 are as reported under UK GAAP
and have not been restated under IFRS



