| |
6 months to 31 March 10 £000 |
6 months to 31 March 09 £000 |
Change % |
| Rent receivable |
5,515 |
4,254 |
30% |
| Other income |
158 |
361 |
(56%) |
| Total income |
5,673 |
4,615 |
23% |
| Direct property costs* |
227 |
233 |
(2%) |
| Investment advisory fee |
1,125 |
1,069 |
5% |
| Overheads |
325 |
349 |
(7%) |
| Total expenses* |
1,677 |
1,650 |
2% |
| EBITDA** |
3,996 |
2,965 |
35% |
| Finance income |
8 |
293 |
(97%) |
| Finance costs |
2,526 |
2,537 |
(1%) |
| Adjusted earnings** |
1,478 |
721 |
105% |
| Revaluation |
7,033 |
(3,684) |
291% |
| Adjusted earning including revaluation** |
8,511 |
(2,963) |
387% |
*Including property management fees
**Adjusted to exclude performance fee, goodwill and deferred tax not expected to crystallise