Hibernia REIT PLC Preliminary Results - May 2017

Hibernia REIT plc (“Hibernia”, the “Company” or the “Group”) today announces its preliminary results for the financial year to 31 March 2017.

Highlights for the financial year:

Strong financial performance, driven by developments

  • Portfolio value of €1,167m, up 9.9%1 in the year (developments up 47.2%1) and 7.4%1 in H2
  • 12-month total property return of 14.5% vs IPD Ireland Index of 11.2%
  • EPRA NAV per share of 146.3 cent, up 11.9% in the year and 8.7% in H2
  • Net rental income of €39.7m, up 56.3% excluding surrender premium in prior year (up 31.0% incl. this)
  • Profit before tax of €119.0m (March 2016: €136.3m) including revaluation surplus
  • EPRA earnings of €15.0m (March 2016: €5.1m, excluding surrender premium)

1 Net of capex and acquisition costs

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