TCFD is the Task Force on Climate-related Financial Disclosures created by the Financial Stability Board to improve and increase reporting of climate-related financial information.

Tenant or lease incentives are incentives offered to occupiers on entering into a new lease and may include a rent free or reduced rent period, or a cash contribution to fit-out. Under accounting rules, the value of these incentives is amortised through the rental income on a straight-line basis over the term of the lease or the period to the next break point.

Term certain is the lease period to the next break or expiry.

TMT sector is the technology, media and telecommunications sector.

Total Accounting Return ("TAR") measures the absolute growth in the Group's EPRA NAV per share plus any ordinary dividends paid.

Total Property Return ("TPR") is the return for the period of the property portfolio (capital and income) as calculated by MSCI, the producers of the IPD Ireland Index.

Total Shareholder Return ("TSR") is the growth in share value over a period assuming dividends are reinvested to purchase additional units of stock.

Transparency regulations enhance the information made available about issuers whose securities are admitted to trading on a regulated market and further information is available on https://www.centralbank.ie/regulation/ securities-markets/transparency/Pages/default.aspx.

Under rented is the term used to describe where contracted rents are lower than ERV. This implies a positive reversion after expiry of the current lease contract terms.

Ungeared IRR is the internal rate of return excluding gearing.

USPP is US private placement notes.

Valuer is the independent valuer appointed by the Group to value the Group's investment properties at the date of the consolidated financial statements. From September 2017 the Group has used Cushman and Wakefield. Previously the Group has used CBRE.

WAULT is weighted average unexpired lease term and is variously calculated to break, expiry or next review date. -----------------------------------------------------------------------------------------------------------------------

1. 91% of contracted rent.

2. 9% of contracted rent.

[3]. An alternative performance measure ("APM"). The Group uses a number of such financial measures, which are not defined under IFRS. In particular, measures defined by EPRA are an important way for investors to compare real estate companies. Please see Supplementary Information at the back of this release for further details.

4. Like-for-like change (incl. finance costs) on Investment Property and excluding assets acquired and disposed of during the period.

[5]. Total Property Return is the return of the property portfolio (capital and income) as calculated by MSCI.

[6]6. Assessed by current value as at Mar-21. Values for 50 City Quay and 2 Cumberland Place are Net Development Values ("NDVs").?

[7]7. Based on Mar-21 valuation of all office assets except Harcourt, Marine, Clanwilliam, 2 Cumberland and 50 City Quay where NDVs of the completed buildings ?are assumed.

[6] Existing income within this figure represents EUR22 per buildable square foot

[7] To calculate the net development value standard purchasers' costs used are 9.96%

[1] 91% of Group contracted rent

[2] 9% of Group contracted rent ----------------------------------------------------------------------------------------------------------------------- 


ISIN:           IE00BGHQ1986 
Category Code:  ACS 
TIDM:           HBRN 
LEI Code:       635400MHRA4QVVFTON18 
OAM Categories: 1.1. Annual financial and audit reports 
Sequence No.:   107342 
EQS News ID:    1200526 
 
End of Announcement  EQS News Service 
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(END) Dow Jones Newswires

May 26, 2021 02:03 ET (06:03 GMT)