46QW Peabody 5.25%

TIDM46QW

RNS Number : 3056I

Peabody Capital PLC

07 August 2019

Publication of Financial Statements

Peabody Capital No 2 Plc and Peabody Capital Plc announce the publication of the following documents:

On 7 August 2019 the consolidated financial statements of Peabody Trust for the year ended 31 March 2019 were made available:

https://www.peabody.org.uk/about-us/our-performance/publications-and-reports

The Peabody Group generated a surplus of GBP148m in the period and invested GBP440m in new and existing homes.

Rents remained at an average of GBP120 per week, which on an annual basis is approximately GBP444m lower than the market value. The margin on social housing lettings remained at 32%, reflecting the Group's efficient performance amidst rent reductions and additional investment in fire safety.

The group secured investment of GBP9m in the Peabody Community Foundation, 1,231 job and apprenticeship opportunities, and delivered care and support services to over 21,000 people. Every GBP1 invested in employment and training programmes generated GBP5.71 in social return.

Chief Financial Officer, Susan Hickey said:

"This is a strong set of financial results given the prevailing uncertain economic climate. Maintaining London rents at truly affordable levels is crucial to delivering our social purpose. Low rents provide tenants and the taxpayer with an estimated value of GBP444m each year, when rents are compared with the market.

The surplus for the year of GBP148 million has been fully reinvested. Interest cover, gearing and debt ratios remain strong, supporting new debt raised during the year to enable us to deliver more. A focus for us going forward will be to modernise our services and further demonstrate the positive sustainable impact we make to help our communities prosper."

Also on 7 August 2019 the financial statements for Peabody Capital Plc and Peabody Capital No.2 Plc for year ended 31 March 2019 were made available.

A copy of each set of accounts has been submitted to the National Storage Mechanism and is available for inspection.

For further information, please contact:

Benjamin Blades, Senior Corporate Affairs Manager, Peabody on 07875 020 950 or Benjamin.Blades@peabody.org.uk

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

ACSLLFVETVIDIIA

(END) Dow Jones Newswires

August 07, 2019 12:00 ET (16:00 GMT)

Peabody 5.25% (LSE:46QW)
Gráfico Histórico do Ativo
De Dez 2024 até Jan 2025

Peabody 5.25% (LSE:46QW)
Gráfico Histórico do Ativo
De Jan 2024 até Jan 2025