Shaftesbury reported interim underlying earnings per share of 2.2p, up 16% year on year, with EPRA earnings rising to 2.4p and profit for the period doubling to £173m. The portfolio value increased 3.1% to £5.2bn, driven by a 2.9% like-for-like uplift in estimated rental value (ERV). Net debt fell reducing EPRA loan-to-value to 16.6%. The interim dividend was raised 12% to 1.9p per share, supported by strong leasing demand, with 193 deals signed at rents 9% above December 2024 ERV and occupancy remaining high at just 2.4% ERV available to let.
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