Strategy
By March 2024, we will be an active, dynamic and fully diversified property company in terms of geography, sector and lot size that distributes a minimum dividend of 1% of Net Asset Values (NAV) annually to Martins Family Holdings (MFH) and showing sustainable Earnings per share (EPS) growth year on year. ž Our portfolio will have a balanced risk/return mix with core income, active asset management and development assets delivering a 5%+ blended income yield and strong capital growth.žž The business will seek to achieve the higher income return and deliver the Vision through:ž – Acquiring assets in a wider geography to deliver higher returns and diversify riskž – Ensuring individual assets do not exceed 8% of the capital value of the portfolio to diversify riskž – Acquiring a wider mix of sectors to diversify risk and achieve higher returnsž – Achieving a risk/return mix with 50% in secure income, 30% in value-add and 20% in development
Indicator
Current
Proposed (By March 2024)
NAV
£369m
£550m (+52.4%)
Revenues
£11.2m
£22.0m (+101.8%)
Portfolio Income Yield
3.02%
4.00% (+98bps)
Investment Income Yield
3.70%
5.00% (+130bps)
Profits after tax
£2.85m
£10.0m (+250%)
Dividends
£1.25m (0.4% of NAV)
£4.13m (1.0% of NAV)
Reinvestment
56%
55%
Made with FlippingBook - Online catalogs