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 31 March 2018

11.91%

TOTAL
RETURN

Incorporating NAV growth and dividends paid, 49% above 8%+ target

107.67p

EPRA NAV
PER SHARE

Increase of 9.87% from 98p at IPO

5.50p*

DIVIDEND TARGET 2018/19

Increase of 10% from IPO target

 

30%

LTV

Comfortably below 35% medium term maximum

11.3

AVERAGE YEARS

DEBT MATURITY

Fixed low debt cost provides good visibility on dividend growth

2.90%

AVERAGE FIXED

DEBT COST PA

313 bps below average acquisition yield

6.03%

AVERAGE ACQUISITION NIY

Against average valuation yield of 5.37%

24.4

YEAR WAULT

TO FIRST BREAK

Long leases yielding secure and predictable income

96%

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

25

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 Fact Sheet – June 2018

18 June 2018

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EPRA Index inclusion

5 June 2018

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Annual results for the period from incorporation to 31 March 2018

21 May 2018

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March 2018 Annual Report
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March 2018 Results Presentation
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Weblink to March 2018 Results Presentation
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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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