Our aim is to be the leading institutional UK residential investment vehicle, delivering long-term, rental asset led, sustainable returns to our shareholders. We are doing this by building on our heritage, simplifying and focusing the business and growing our rental income.
We have a high quality regulated tenancy portfolio which produces over £100m of gross income a year and will continue to do so over the next 10 years. Using this cash generative portfolio we can support our growth into the Private Rented Sector (PRS).
We are refocusing and simplifying the business by reducing overheads, financing costs and concentrating resources on two core assets; regulated tenancies and PRS. By prioritising our investments we will accelerate into the PRS and aim to invest £850m into PRS assets by 2020.
By implementing this strategy we will increase net rents and income to cover all overheads and exceed profits from sales, which in turn will allow us to increase shareholder dividends.