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: as at 30 September 2018
21%
TOTAL NAV RETURN
From IPO
in February 2017
to 30 September 2018
113.0p
EPRA NAV PER SHARE
30 September 2018
Increase of 15.5% from 98p at IPO
5.50p*
DIVIDEND TARGET 2018/19
Increase of 10%
from IPO target
29%
LTV
30 September 2018 Comfortably below 35% medium term maximum
11
YEAR AVERAGE
DEBT MATURITY
Fixed low debt cost provides good visibility on dividend growth
2.90%
AVERAGE FIXED
DEBT COST PA
308 bps below average acquisition yield
5.98%
AVERAGE ACQUISITION NIY
Against average valuation yield of 5.18% at
30 September 2018
23
YEAR AVERAGE LEASE TERM TO FIRST BREAK
Long leases yielding secure and predictable income
97%
INDEX-LINKED/
FIXED UPLIFTS
Contracted rental income with embedded growth potential
100%
OCCUPANCY
Fully let or pre let to financially strong tenants
9
PROPERTY
SECTORS
Assets are broadly diversified across defensive and robust sectors
29
STRONG
TENANTS
Yielding diversified income and secure returns
*This is a target only and not a profit forecast and there can be no assurance that it will be met.
LATEST NEWS

Quarterly dividend declaration

14 February 2019

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Pre-let forward funding investments

13 February 2019

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Accretive acquisitions and profitable disposals

28 January 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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