Highlights
Outperforming our objectives
Financial
- 56% increase in Net Profit to $158.7 million
- 11% increase in Operating Earnings per unit to 22.4 cents per unit – ahead of guidance
- 3% increase in NTA to $3.23 per unit following revaluation uplifts
Australian Portfolio
- Another active period of leasing, with over 43,000sqm leased
- Maintained high occupancy of 96%
- External revaluation uplifts of $59 million – 5% uplift on prior book valuations
- Recent acquisitions are outperforming expectations and only ~1.5% of FY14 rent is at risk
Capital Management
- Weighted average debt maturity increased to 3.2 years
- Leveraged S&P BBB+ credit rating to raise $250 million in debt capital markets at an average margin of 193bps and average debt maturity of 8.6 years
- Refinanced $150 million of bank debt
To view Presentation please download PDF below:
