REG - Land Sec. Group PLC - Changes in performance measures
RNS Number : 8674JLand Securities Group PLC16 April 2020
Land Securities Group PLC ("Landsec" or the "Company")
Changes in performance measures
In October 2019, the European Public Real Estate Association ('EPRA') published new Best Practice Recommendations ('BPR') for financial disclosures by listed real estate companies. Landsec supports standardised reporting to improve the quality and comparability of information for investors. The BPR introduced three new measures of net asset value: EPRA Net Tangible Assets (NTA), Net Reinvestment Value (NRV) and Net Disposal Value (NDV).
Landsec has adopted these guidelines for the year ended 31 March 2020 and considers EPRA NTA to be the most relevant measure for the Company's business. EPRA NTA will now be Landsec's primary measure of net asset value, replacing previously reported EPRA net assets and EPRA net assets per share measures. Total business return will also now be calculated based on EPRA NTA.
For comparative purposes, Landsec's previous net asset value measures as presented in its Annual Report for the year ended 31 March 2019 and its half-yearly announcement for the six months ended 30 September 2019 have been restated according to the new BPR guidelines. This can be found on our website www.landsec.com/investors/results-presentations.
- Ends -
For further information, please contact:
Please contact:
Investors
Ed Thacker
+44 (0)20 7024 5185
Press
Bobby Leach / Danielle Dominey-Kent
+44 (0)20 7024 5472 / +44 (0)20 7024 5241
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDMSCIFMRTMTABMJM
Recent news on Land Securities
See all newsREG - Land Sec. Group PLC - Confirmation of Full Year Results Date
AnnouncementREG - Land Sec. Group PLC - Landsec Announces New Bond Issuance
AnnouncementREG - Land Sec. Group PLC - Director/PDMR Shareholding
AnnouncementREG - Land Sec. Group PLC - Total Voting Rights
AnnouncementREG - Land Sec. Group PLC - External Directorship Change
Announcement