Portfolio Overview

Key Metrics

As at 30 September 2017

  Industrial Office
Total
Number of properties 32 25 57
Total value
$1,149.4m $2,076.9m $3,226.3m
% of portfolio value 36% 64% 100%
Occupancy 99% 98% 98%
Total lettable area 785,141 sqm 286,905 sqm 1,072,045 sqm
Weighted average valuation cap rate 7.0% 6.3% 6.5%
WALE
5.3 years 6.2 years 5.8 years
WARR*
2.8% 3.5% 3.3%
Average value (per sqm) $1,464 $7,239  $3,009
Average rent (per sqm, per annum) $110 $541 $225
FY17 net propety income
$86.5m  $136.8m $223.3m
Number of tenants
38 104 142
Major tenants Woolworths,
Linfox & StarTrack
NSW Police, Commonwealth
of Australia
& GE Capital Finance
 

* Assumes CPI change of 1.9% per annum as per Australian Bureau of Statistics release for FY17.

Sector diversity

Geographic diversity

Top ten tenants

Portfolio lease expiry profile

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2017 
Annual Report

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Results Presentation

Latest Acquisitions

36 & 58 Tarlton Crescent and 2 & 10 Hugh Edwards Drive, Perth Airport, WA

Four modern warehouses which form part of the Perth Airport precinct

   
Interest Leasehold expiring 2047 plus 49 year option
Book Value as at 30/06/2017: $46.0 million
Valuer: JLL
Cap Rate: 8.2%
Discount Rate: 8.6%
Major tenant: Mainfreight Distribution Pty Ltd
Weighted Average Lease Expiry: 6.4 years
Lettable area: 31,948 sqm
Site area: 57,617 sqm