Annual Report 2019

DEVELOPING THE HOMES AND CREATING THE PLACES THAT LONDON NEEDS

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Financial Highlights

TOTAL REVENUE £354.3m 2018: £316.2m
ADJUSTED GROSS MARGIN 23.7% 2018: 26.5%
ADJUSTED OPERATING MARGIN 13.1% 2018: 16.7%
EARNINGS PER SHARE 44.6p 2018: 49.8p
DIVIDEND PER SHARE 17.0p 2018: 17.0p
TOTAL PROFIT BEFORE TAX £40.1m 2018: £46.0m
GEARING 37.0% 2018: 44.6%
DEVELOPMENT PIPELINE £1.6bn 2018: £1.3bn
EMPLOYEE RETENTION RATE 89% 2018: 90%
CUSTOMER RECOMMENDATION RATE 99% 2018: 100%
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BUSINESS MODEL

Our straightforward Business Model has consistently delivered value to our stakeholders.

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AMBITION & STRATEGY

Our strategy has evolved and we have a clear plan to achieve our ambition of increasing our output of homes.

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BUILD TO RENT

Our vision is to be one of London’s leading build to rent developers and the partner of choice.

Insight into Build to rent
CEO'S REVIEW

"Over the last three years we have made substantial progress against our objective to increase our output of build to rent homes to meet demand from institutional investors and to deliver high quality rental properties in London."

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OUR KPIS

We monitor performance against our strategic objectives through the following KPIs.

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DOWNLOAD CENTRE

Visit our Download centre to download the Annual Report 2019 in full or by sections.

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