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%;
| ASSETS UNDER MANAGEMENT | $404,000,000 |
|---|---|
| FUNDS TYPE | ASX Listed property trust (AREIT) |
| FUND STATUS | OPEN TO TRADE ON ASX |
| ASX CODE | GDF |
| FY20 FORECAST DISTRIBUTION | $0.09 per unit p.a. (paid quarterly) |
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
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