Earnings PerformanceEPS of 34.5p in line with consensus and our forecasts, driven by reversion capture with uplifts on renewals and reviews of 43% and like-for-like growth of 5.6%.
Financial PositionThe balance sheet is well positioned with £2.2bn of cash and undrawn debt available, and an LTV of 29%.
Joint VenturesDuring the quarter, the Company announced a 1bn JV with Pure DC to develop its first fully-fitted data centre.