For diversification benefits growing the portfolio across multiple real estate sectors is the companyâs strategy. With strong covenants on long term leases, the focus is on assets leased to tenants. Reflecting 3.9% annual growth, the FY 18 EPS and DPS for the company are of 26.4 cents. It delivered 2.9% annual NTA per security growth and with a new seven-year interest rate swap the company secured long term cost of funding. Commencing a new 20-year lease, Woolworths Distribution Centre, Dandenong, reached practical completion. The most recent acquisitions have been of Bunnings South Mackay, Bridge Inn Hotel, and Virgin Australia Head Office of about $120.8m.
[optin-monster-shortcode id="wxhmli4jjedneglg1trq"]The group thus witnessed a healthy result with long portfolio WALE indicated to be of 10.8 years while the occupancy has been 100 per cent. The group now aims to have better geographic diversification with improved portfolio tenant. With many strategic moves, the group is enhancing capabilities to offer secure and stable income through a high-quality portfolio of long WALE properties.
The companyâs stock was trading at a market price of $4.215 as at August 10, 2018, 2:15 PM AEST. The stock has seen a performance change of 1.54% over the past 12 months.
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