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Annual Results

CLS Holdings' EPRA earnings up 45.2%

08 March 2017 09:32

CLS Holdings' EPRA net assets per share rose by 17.9% to 2,456 pence in the year to the end of December.

Basic NAV per share increased by 18.8% to 2,151 pence (2015: 1,810 pence).

EPRA earnings per share rose by 45.2% to 123.0 pence (2015: 84.7 pence).

Net rents rose by 8.2% for the year to £107.1 million (2015: £99.0 million).

CLS said profit after tax of £97.8 million (2015: £129.9 million) included a property revaluation uplift of £36.1 million (2015: £98.0 million).

Executive chairman Henry Klotz said: "Our record results illustrate the benefits of our diversified business: investing in high-yielding properties in major cities across our core markets, with a broad tenant base and diversified sources of funding.

"In changing to paying a progressive dividend, we intend to offer a more attractive investment proposition for shareholders, to improve liquidity in the Group's shares and broaden our shareholder base.

"With our proven and successful business model, a strong balance sheet and ample liquid resources, we are well positioned to benefit from any challenges and opportunities which lie ahead."

At 9:32am: (LON:CLI) CLS Holdings PLC share price was +97p at 1797p

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