The following highlights are taken from the 2017/18 Report and Accounts.
In July 2017, the Group refinanced the entirety of its previous debt through new equity, new debt and term loan, totalling £3.9 billion.
The carrying value of Group investment properties is £7.1 billion, down from £7.6 billion.
At 31 March 2018, the Group owned 40,348 units (2017: 40,466 units).
Rental income was £193.1 million (2017: £188.2 million).
Loss after taxation was £1,059.8 million (2017: Profit after taxation £760.7 million).
The Group sold 121 (2017: 248) properties, generating £34.9 million (2017: £69.8 million) in sales income.
Annington is owned by the private equity firm Terra Firma Capital Partners.
In July 2017, Terra Firma refinanced Annington in a landmark c.£4b transaction that transformed Annington's capital stucture and gave Annington the balance sheet strength to build further scale in private rental accommodation via acquisitions and developments, including:
a £75 million portfolio of 207 homes from St Modwen
a £24m portfolio of 104 homes from Mill Group, and
a £23.5m portfolio of 73 homes from Taylor Wimpey