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Page 1: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 2: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)

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Page 3: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)

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Page 4: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 5: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 6: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 7: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 8: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 9: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 10: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 11: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 12: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)

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Page 13: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 14: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 15: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)

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Page 16: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 17: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 18: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 19: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 20: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 21: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
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Page 24: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)

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Page 25: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 26: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 27: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 28: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 29: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 30: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 31: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 32: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)

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Page 33: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 34: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 35: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 36: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 37: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 38: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 39: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
Page 40: PowerPoint Presentation€¦ · pence 300 200 100 Dec 17 Jun 18 Dec 18 Jun 19 6.0% 4.5% 3.0% 1.5% 0.00/0 Dec 19 10 year gilts EPRA NAVPS (left axis) NIY (topped up) (right axis)
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