Basic Profile & Key Statistics
Acquisition of logistics property in Germany has completed in August, though it wouldn’t move the needle much.
Occupancy is moderate at 94.3%. WALE is long at 5 years where the highest lease expiry of 64.8% falls in 2024 and beyond, without breakdown. Weighted average land lease expiry is long at 93.85 years.
Gearing ratio is slightly high at 38.8%. Cost of debt is low at 1.5% with a moderate level of unsecured debt at 73.2%. Fixed debt rate % is high at 94.2%. Interest cover ratio is high at 6.8 times. WADE is short at 2.6 years where the highest debt maturity of 43% falls in 2022.