Financial highlights

	June 2010 (six months)	June 2009 (six months)	Dec 2009 (12 months)
Scale of business Property under management	£2.9bn	£3.2bn	£3.1bn
Investment returns Triple net diluted NAV per share EPRA net assets per share	£0.42 £0.52	£0.35 £0.61	£0.37 £0.47
Profitability Recurring pre-tax profit Profit/(loss) before tax	£8.9m £18m	£10.3m £(131)m	£17.5m £(113)m
Net debt Group net debt Net debt to equity ratio See-through net debt	£48m 33% £503m	£115m 226% £656m	£63m 48% £566m

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