TIDMLAND

RNS Number : 8674J

Land Securities Group PLC

16 April 2020

 
 
 
                            Land Securities Group PLC ("Landsec" or the "Company") 
 
                                        Changes in performance measures 
 
       In October 2019, the European Public Real Estate Association ('EPRA') published new Best Practice 
          Recommendations ('BPR') for financial disclosures by listed real estate companies. Landsec 
          supports standardised reporting to improve the quality and comparability of information for 
         investors. The BPR introduced three new measures of net asset value: EPRA Net Tangible Assets 
                       (NTA), Net Reinvestment Value (NRV) and Net Disposal Value (NDV). 
         Landsec has adopted these guidelines for the year ended 31 March 2020 and considers EPRA NTA 
          to be the most relevant measure for the Company's business. EPRA NTA will now be Landsec's 
          primary measure of net asset value, replacing previously reported EPRA net assets and EPRA 
           net assets per share measures. Total business return will also now be calculated based on 
                                                   EPRA NTA. 
 
           For comparative purposes, Landsec's previous net asset value measures as presented in its 
          Annual Report for the year ended 31 March 2019 and its half-yearly announcement for the six 
          months ended 30 September 2019 have been restated according to the new BPR guidelines. This 
                 can be found on our website www.landsec.com/investors/results-presentations . 
 
 
                                                  *    Ends - 
 
 
 
                            For further information, please contact:Please contact: 
                                      Investors                    Press 
 
                        Ed Thacker                   Bobby Leach / Danielle Dominey-Kent 
                          +44 (0)20 7024 5185          +44 (0)20 7024 5472 / +44 (0)20 
                                     Edward.Thacker@landsec.com   7024 5241 
                                                          Bobby.Leach@landsec.com / 
                                                      Danielle.Dominey-Kent@Landsec.com 
 

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April 16, 2020 03:55 ET (07:55 GMT)

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