Intu Properties (which used to be known as Capital Shopping Centres) saw its earnings per share fall from 16.1p to 15p in 2013 as a number of tenants entered administration. Property valuations increased by 1.8%, however its net asset value fell from 392p to 380p .
Intu has a £1.2bn, 2.6m sq ft, development pipeline £0.7bn of which has planning approval. It refinanced £1.8bn of its debt last year (about half the total), cutting its interest bill and extending its debt maturity.