Financial Highlights for the year ended 31 December 2013


31 Dec 2013

31 Dec 2012
Total property return (%)  10.7
Net asset value (NAV) per share (p)  316
EPRA1 NAV per share (p)  312
Realised and unrealised property (loss)/gain2 (£m)  145.6
Profit/(loss) before tax (£m)  212.1
EPRA1 profit before tax (£m)  134.1
Profit/(loss) per share (EPS) (p)  28.4
EPRA1 EPS (p)  17.7

1 EPRA NAV, EPRA EPS and EPRA profit before tax are alternate metrics to their IFRS equivalents that are calculated in accordance with the Best Practices Recommendations of the European Public Real Estate Association (EPRA). SEGRO uses these alternative metrics as they highlight the underlying recurring performance of the property rental business, which is our core operational activity. The EPRA metrics also provide a consistent basis to enable a comparison between European property companies.

2 2012 realised and unrealised property loss includes the realised and unrealised property loss of £340.8 million for the wholly owned portfolio (see note 8 to the financial statements) and the realised and unrealised property loss of £12.4 million from our share of joint ventures' (see note 7 to the financial statements).

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Harry Stokes

Harry Stokes

Head of Investor Relations and Research

+44 207 451 9124

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