Glossary

We have made every effort to keep our website free of jargon but realise some words, phrases and acronyms may need further explanation. Our glossary contains definitions for business and financial terms used throughout this site.

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Total business return
Dividend per share, plus the increase in adjusted diluted net asset value per share, divided by the adjusted diluted net asset value per share at the beginning of the period.
Total development cost
All capital expenditure on a project including the opening book value of the property on commencement of development, together with capitalised interest.
TDC
Total development cost. All capital expenditure on a project including the opening book value of the property on commencement of development, together with capitalised interest.
Total property return
Valuation surplus, profit/(loss) on property sales and net rental income in respect of investment properties expressed as a percentage of opening book value of the investment property portfolio.
Total shareholder return
The growth in value of a shareholding over a specified period, assuming that dividends are reinvested to purchase additional units of the stock.
Trading properties
Properties held for trading purposes and shown as current assets in the balance sheet.
Turnover rent
Rental income which is related to an occupier's turnover.
Trillium
The property outsourcing and investment arm of Land Securities who were sold to Telereal in January 2009. They manage and provide services to properties nationwide for a growing number of companies, local authorities and government departments.
Topped-up net initial yield
Net initial yield topped up for leases still in a rent-free period at the contracted rents per annum.
Temporary lettings
Lettings for a period of one year or less. These are included within voids.
TSR
Total Shareholder Return. The growth in value of a shareholding over a specified period, assuming that dividends are reinvested to purchase additional units of the stock.
Total Shareholder Return
The growth in value of a shareholding over a specified period, assuming that dividends are reinvested to purchase additional units of the stock.
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