Strong Like-for-Like Income Growth
Landsec reported a 5.2% growth in like-for-like income, with occupancy at a decade high.
EPS and Dividend Growth
EPS increased by 3.2%, and the interim dividend rose by 2.2%.
Significant Capital Recycling
Landsec sold nearly GBP 650 million of assets, which generated limited or no return, to enhance future income and EPS growth.
Office and Retail Occupancy
Office occupancy reached nearly 99%, and retail occupancy increased to almost 97%.
Positive Guidance for Future Growth
The company raised its guidance for EPS growth to the top end of the 2% to 4% range, with expectations for future growth in retail income and cost savings.