Group Overview —

The ASX-listed GARDA Property Group (ASX: GDF) is an internally managed real estate investor, developer and fund manager. The Group invests in real estate through both equity and debt.

GARDA Property Group is a stapled structure comprising GARDA Holdings Limited and GARDA Diversified Property Fund.  GARDA Capital Limited (AFSL 246714), a wholly-owned subsidiary of GARDA Holdings Limited, is the responsible entity of GARDA Diversified Property Fund.

Strategy —

The Fund offers investors:

— FY2020 forecast distributions of $0.09 per unit per annum, to be paid quarterly

— Exposure to a diversified commercial and industrial portfolio with a weighted average capitalisation rate of 6.78%

— Income returns supported by leases to reputable tenants with structured rental growth (weighted average rent increase for FY2020 of 3.1%)

— A conservative capital structure and transparent fee arrangement

Investments

  Investing in commercial offices located in both city and suburban office markets as well as industrial facilities along the eastern seaboard of Australia;

  Investing in a balance of:

» Assets demonstrating the potential for stable long term cash flows; and

» A proportion of higher yielding and active management assets where the responsible entity seeks to improve both the income profile and capital value of those assets.

  Investing in a portfolio diversified by building type, location and tenant;

  Investing in properties with structure rental growth;

  Maintaining a conservative capital structure and long-term target gearing of 30% to 35%;

Fund Overview —
ASSETS UNDER MANAGEMENT$404,000,000
FUNDS TYPEASX Listed property trust (AREIT)
FUND STATUSOPEN TO TRADE ON ASX
ASX CODEGDF
FY20 FORECAST DISTRIBUTION$0.09 per unit p.a. (paid quarterly)
Fund Financials —
Leasing Metrics —
Debt Facility —

The Fund currently has $180.7 million in senior debt facilities across multiple Australian banks that are currently drawn to approximately $160.1 million.

DRAWN DEBT STRUCTURE

DEBT FACILITY LENDERS

Lease Expiry Profile —

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