Inflation-protected income and capital growth underpinned by a secure and highly diversified portfolio of very long-let and index-linked UK property assets
Highlights
18.6%
AVG. ANNUAL SHAREHOLDER RETURN
From IPO
in February 2017
to 31 March 2019
12.1%
AVG. ANNUAL NAV RETURN
From IPO
in February 2017
to 31 March 2019
114.6p
EPRA NAV PER SHARE
31 March 2019
Increase of 16.9% from 98p at IPO
5.75p*
DIVIDEND TARGET 2019/20
Increase of 4.5%
from 2018/19 target
29%
LTV
31 March 2019 Comfortably below 35% medium term maximum
12
YEAR AVERAGE DEBT MATURITY
Fixed low debt cost provides good visibility on dividend growth
2.94%
AVERAGE FIXED DEBT COST PA
286 bps below average acquisition yield
5.80%
AVERAGE ACQUISITION NIY
Against average valuation yield of 5.13% at
31 March 2019
22
YEAR AVERAGE LEASE TERM TO FIRST BREAK
Long leases yielding secure and predictable income
96%
INDEX-LINKED/ FIXED UPLIFTS
Contracted rental income with embedded growth potential
100%
OCCUPANCY
38
STRONG TENANTS
9
PROPERTY SECTORS
Assets are broadly diversified across defensive and robust sectors
*This is a target only and not a profit forecast and there can be no assurance that it will be met.
LATEST NEWS

Annual Results 2019

20th May 2019

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Dividend and Dividend Target Increase

20th May 2019

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Issue of Equity

20th May 2019

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The Company, a real estate investment trust (REIT) incorporated in England and Wales, is listed on the premium listing segment of the Official List of the UK Listing Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in February 2017.

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