Shaftesbury increases its 2015 interim dividend by 5%

DividendMax Ltd.

Shaftesbury increases its 2015 interim dividend by 5%

Shaftesbury PLC today announces its results for the six months ended 31 March 2015.

Growth in income, earnings, dividend and NAV

Net property income up £2.3 million (6.3%) to £38.7 million (six months ended 31.3.2014: £36.4 million).

EPRA earnings increased by 11.2% to £17.9 million (six months ended 31.3.2014: £16.1 million). EPRA earnings per share increased by 1.6% to 6.4p (six months ended 31.3.2014: 6.3p).

Interim dividend per share of 6.825p (six months ended 31.3.2014: 6.5p), an increase of 5.0%.

EPRA NAV increased by 8.7% over six months to £7.75 per share, after a reduction of 10p per share for the cost of terminating swaps. Increase for 12 months to 31.3.2015: 30.0%.

Net asset value return for six months ended 31.3.2015: 9.6%; increase for 12 months to 31.3.2015: 32.2%.

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