Basic Profile & Key Statistics
Key Indicators
Performance Highlight
Gross revenue and NPI remain similar YoY. However, income available for distribution and DPU declined YoY due to $1.3 mil retention and management elected to receive 100% of fees in cash which amounted to $1.5 mil.
Development
Construction of the new store expansion on ST. Lucie excess land was completed ahead of schedule and the new store commenced operations in November 2023.
Related Parties Shareholding
The directors of the REIT manager hold a relatively high proportion of shares, while the REIT sponsor and REIT manager hold a relatively low proportion.
Lease Profile
The WALE is long and the lease expiry is well spread. Additionally, most properties are freehold.
Debt Profile
The overall debt profile falls within the median range with 0% unsecured debt being less favorable.
Diversification Profile
The portfolio demonstrates geographical and property diversification, although tenant contributions are concentrated.
Key Financial Metrics
Property yield and operating distributable income on capital are...