Andrew Jones
CEO & Executive Director

Good morning, ladies and gentlemen, and welcome to LondonMetric's full year results.

It's quite a long table just for Martin and I. But actually, I'm going to open up, we're congratulating Steve and all the other arsenal supporters in the room for what has been an incredibly long wait. So well done, Steve, right? I quite often take the mickey out of you, but today, I'm going to congratulate you. I'll stop tomorrow. .

Okay. So a quick overview on the last 12 months. So the company has continued its triple-net net income compounding model. We've grown the portfolio up 23%, courtesy of obviously external growth as well as internal growth, continue to invest in the right sectors, mission-critical assets. We added GBP 1.5 billion to our portfolio value, GBP 1.2 billion of which came from the acquisition of Urban Logistics and Highcroft . Come on and talk about that in a little bit more detail later on how that's going. Our income continues to flow and grow. Net rental income was up 17% in the year. And again, as you would expect from a budding dividend aristocrat, we have again increased our dividend for the 11th year in a row. It's now up actually -- it's up 3.8% in the year. It's actually up 78% since the creation of LondonMetric back in 2013 when I probably stood up in a room similar to this, taking questions on whether or not we're going to cut our dividend because we were over