Capital and Regional PLC (CAL) 2012年年度报告「LSE」.pdf

1、Annual Report and Accounts for the year ended 30 December 2012Stock Code:CALCapital&Regional Annual Report and Accounts for the year ended 30 December 2012Progress in execution of strategySale of Groups stakes in The Junction Fund and Xscape Braehead and,in early 2013,its interest in the X-Leisure F

2、und and FIXPurchase of Mall Fund units increased Group share from 18.16%to 20.33%Acquisition of 20%interest in Kingfisher Centre,Redditch,in joint venture with Oaktree Capital PartnersFinancialRobust recurring pre-tax profit up 3.7%to 17.0 million(2011 16.4 million)Proforma see-through net debt1 to

3、property value fell to 55%compared to 65%at 2011 year endFall in net assets and EPRA net assets per share to 51p and 55p,respectively(2011 56p and 63p)primarily as a result of value adjustments and impairment of the German portfolio 4 joint ventureOperationalOccupancy on a like for like basis in our

4、 UK Shopping Centres up to 96.7%from 96.1%notwithstanding significant administrations during the first half of the yearAttractive and affordable space supported by 88 new lettings for 5.1 million,25 renewals for 1.7 million,both at above ERVSignificant step forward for asset management and developme

5、nt with key terms agreed to enable the reconfiguration of Waterside Lincoln;Hemel Hempstead redevelopment gaining planning permission and a number of pre-lets finalised;The Hub leisure concept at Redditch gaining momentumFuture prioritiesRecycle cash from disposals of non-core assets to create share

6、holder value by strengthening our core UK Shopping Centre business as well as the buyback of sharesResume dividend payments to shareholders to be covered by cash earnings once Mall is in a position to recommence distributions to unit holdersSee further information on our performance on page 17See fu