Capital and Regional PLC (CAL) 2016年年度报告「LSE」.pdf

1、Annual Report and Accountsfor the year ended 30 December 2016Stock Code:CALCapital&Regional plc Annual Report and Accounts for the year ended 30 December Welcome to theCapital&RegionalAnnual Report 2016Capital&Regional is a UK focused specialist retail property REIT.We actively manage a portfolio of

2、 attractively positioned assets to create sustainable income and capital growth through innovative and accretive asset management initiatives,recycling capital from these assets once repositioned.A business model which offersA secure and sustainable dividend which is targeted to grow at 5%to 8%per a

3、nnum together with the opportunity to generate capital value growth underpinned by:A uniquely positioned portfolio of shopping centres with robust cash generating characteristics and significant growth potentialAn entrepreneurial approach to acquisitions which coupled with our asset management capab

4、ilities has potential to further boost returnsEfficient recycling of capital enabling gains to be crystallised and funds reallocated to more accretive investments,be they capital expenditure on existing assets or new acquisitionsA dynamically managed 80+million capital expenditure programme maintain

5、ing the relevance of our centres and generating highly attractive Keep up to date with the latest information about Capital&Regional online,including share price data,press releases and resultsOur portfolio currently consists of seven shopping centres in Blackburn,Hemel Hempstead,Ilford,Luton,Maidst

6、one,Walthamstow and Wood Green and a 20%joint venture interest in the Kingfisher Centre,Redditch.We manage these assets,which comprise over 900 lettable units and attract c.1.7 million shopping visits each week,through our scalable specialist in-house property and asset management platform.OverviewC