Balance Sheet StrengthA high equity ratio and low leverage provide durable financial flexibility, lowering refinancing and solvency risk. This foundation supports multi-year investment programs, progressive dividends and cushions cyclical divisions, enabling the group to fund capex without over-reliance on external debt.
Strong Cash Generation & DividendsRobust operating cash conversion and an increased ordinary dividend indicate sustainable internal funding ability. Reliable cash flows underpin reinvestment, dividend policy and liquidity buffers, reducing dependence on volatile capital markets and supporting long-term shareholder returns.
Large Committed Investment PipelineA sizable, committed development pipeline signals long-term revenue and asset growth potential in core markets. Coupled with successful disposals, this provides forward earnings visibility and the opportunity to crystallize value from development cycles, diversifying future income streams.