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:

113.2p

EPRA NAV PER SHARE

1 September 2018
Increase of
15.5% from 98p at IPO

11.91%

FIRST YEAR

TOTAL RETURN

To 31 March 2018

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

5.50p*

DIVIDEND TARGET 2018/19

Increase of 10% from IPO target

 

28%

LTV

1 September 2018 Comfortably below 35% medium term maximum

11 YEARS

AVERAGE

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

5.98%

AVERAGE ACQUISITION NIY

Against average valuation yield of 5.2% at 1 September 2018

23.4

YEAR WAULT

TO FIRST BREAK

Long leases yielding secure and predictable income

LATEST NEWS

Result of Issue

12 October 2018

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Issue of Equity

24 September 2018

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Net Asset Value as at 1 September 2018

10 September 2018

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March 2018 Annual Report
VIEW>

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.

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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