Our 2021 Full Year Results have been announced.

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• Webcast
• Press release
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Annual Report

188竞猜比分Capital＆Regional（LSE：CAL）是英国重点的房地产投资信托基金（REIT），其中包括一组市内购物中心，今天宣布其全年业绩至2021年12月30日。

首席执行官劳伦斯·哈钦斯（Lawrence Hutchings）评论：

“在2021年底，我们的重新关注，重组和重组的完成，在充满挑战的时期，我们和更广泛的零售业面临着大流188竞猜比分行的综合影响以及随之而来的限制，这给我们的业务带来了一些艰苦的稳定。188官方网站它以及影响物理零售的结构变化的相关加速度。188官方网站

“With the UK beginning to emerge from the shadow of Covid, we are able to look forward with confidence in the prospects for our community centres, with their focus on the provision of “needs” or “essential” retail and services. The strong levels of leasing we have achieved throughout the year, with more leases agreed than in the previous two years combined, on average above ERV, are a strong indication that retailers, as well as our customers, continue to recognise that affordable, well located, designed and managed local physical retail is an essential part of local infrastructure. With this in mind, we believe that our community centre strategy is as relevant today as it was when we first announced this change of direction in 2017.

“我要感谢我们的主要股东，GrowthPoint的坚定支持以及我们在支持办公室的敬业，才华横溢的团队，尤其是我们的前线中锋团队，他们在这一艰难时期表现出色。

“For the first time in four years, we have had six months of stable valuations and this, supported by a marked increase in investment market activity as investors return to the sector, coupled with our robust income and occupancy performance, is cause for further optimism.”

Operational impact of Covid-19 mitigated by community centre strategy

• Our strategic shift in 2017 to focus on providing non-discretionary goods and services ensured that all seven of the Company’s community shopping centres remained open to some degree throughout the entirety of 2021, which included a full national lockdown from 6 January 2021 to 12 April 2021.
• 143 new lettings and renewals achieved during the year at a combined average premium of 7.3% to previous rent³ERV和15.6％³, more than in 2020 and 2019 combined (63 and 66 respectively). New lettings completed in the period include a 15 year lease agreement with Whittington Health NHS Trust to open a Community Diagnostics Centre at The Mall, Wood Green.
• 占用率已经开始恢复，占93％，高于2021年6月30日（2020年12月：92％）的90％。
• Footfall outperformed the national index by 5.7%, with 47.7 million visits across the portfolio in 2021.
• 93% of 2021 rent collected, including 5% on agreed formal payment plans, with 95% of Q1 2022 already collected.
• Net Rental Income¹(NRI) was £29.0 million (December 2020: £34.1 million), with the £5.1 million reduction primarily attributable to a £4.0 million surrender premium secured in 2020, as well as the continued impact of Covid-19. This flowed through to a fall in Adjusted Profit^1,2to £8.1 million (December 2020: £11.0 million).
• 由于H1 2021的估值下降，该期间的IFRS损失范围缩小到2640万英镑，部分被折现购物中心债务设施的收益所抵消（2020年12月：损失2.039亿英镑）
• 为了在我们的沃尔瑟姆斯托住宅项目上完成最终合同里程碑，包括单位空置财产和现场便利工程。期望通过长港口和支付c确保无条件。第2季度2022年的20188竞猜比分00万英镑资本收据。开始运送495个建筑物的工程，预计不久之后就开始租用公寓。
• Snozone’s EBITDA¹直到2021年4月12日，在英国封闭期限内的80万英镑（2020年：EBITDA损失170万英镑）的年度。根据流行保险政策的250万英镑回收率的结果。在2021年2月收购后，马德里在Xanadu的滑雪坡行动完全集成并重塑为Snozone。Snozone IFRS年损失30万英镑（2020年：损失240万英镑）

Refocus, Restructure and Recapitalise

• Hemel Hempstead和Luton被重新分类为待售的“托管资产”，反映了集团持续参与和期望处置的物质。
• Restructure of £100 million Mall debt facility completed in November 2021, debt acquired for £81 million funded by new £35 million facility, £30 million equity raise and existing cash resources.
• 2021年12月以710万英镑出售梅德斯通房屋办公大楼的收益用于降低2022年1月初的3500万英镑设施。
• 上述行动的组合已从2021年6月的72％和2020年12月的65％降低到49％。沃尔瑟姆斯托资本收据将进一步将集团净LTV降低200多个基点。188竞猜比分
• 截至2021年12月30日，该集团在资产负债表上的总现金为5850万英镑，其中中央维持了超过3000万英镑，没有任何限制。
• Property valuations stabilised in second half of 2021 with the Investment Assets portfolio marginally increasing in value to £380.1 million at year end (30 June 2021: £377.2 million) after 6.4% decrease in H1 2021.
• 资产净值per share and EPRA NTA per share, at 102p (December 2020: 150p and 157p respectively²）反映了H1 2021估值下降和股权提高的影响，扣除了购物中心债务回购的好处。
• To further mitigate debt levels the Group has not declared a final dividend. The Group plans to resume dividend payments from the announcement of its Interim Results in the second half of 2022. in line with its previous dividend policy to distribute at least 90% of the Company’s EPRA earnings.

。	2021	20202
Revenue	700万英镑	£72.7米
Net Rental Income	£29.0m	£34.1m
调整后的利润1	810万英镑	£1,100万
调整后的每股收益1	6.8p	£10.2便士
该期间的IFRS损失	£（26.4）M	£（203.9）M
Basic Earnings per share	(22.0)p	(188.8) p
总dividend per share	-	-
资产净值	£168.4m	£167.1m
资产净值(NAV) per share2	102p	150p
EPRA NTA per share2	102p	157p
Group net debt1	1.853亿英镑	£345.1m
净债务到财产价值	49%	65%

使用替代性能度量（APM）

Throughout the results statement we use a range of financial and non-financial measures to assess our performance. A number of the financial measures, including Net Rental Income, Adjusted Profit, Adjusted Earnings per share, Net Debt and the industry best practice EPRA (European Public Real Estate Association) performance measures are not defined under IFRS, so they are termed APMs. APMs are not considered superior to the relevant IFRS measures, rather Management use them alongside IFRS measures to monitor the Group’s financial performance because they help illustrate the trading performance and position of the Group. All APMs are defined in the Glossary and further detail on their use is provided within the Financial Review.

笔记

¹调整后的利润，调整后的每股收益，净租金收入，净债务和新的Snozone EBITDA度量标准在术语表中定义。调整后的利润纳入了运营活动中的利润，不包括财产和金融工具，处置的损益或其他非运营项目的重估。凝结财务报表的注释5中提供了与等效EPRA和法定措施的对帐。

²2020results have been restated for a prior year adjustment of £0.5m in respect to the treatment of Software as a Service (SaaS) configuration costs as explained in Note 1. 2020 Adjusted Profit has also been restated to reflect the introduction of the new Snozone EBITDA performance measure.

³For lettings and renewals (excluding development deals and CVA variations) with a term of 5 years or longer which do not include turnover rent or seRVICE指控限制。