4 July 2017 – interim results

The company has reported results for the half year to 31 May 2017.  Although profits slipped slightly the NAV per share edged up from 431.0p to 439.6p and from 460.5p to 468.4p on an EPRA NAV basis.  The interim dividend was increased from 1.94p per share to 2.02p.  We continue to rate the shares as a BUY.