Performance
Key results to 31 December 2011
- Statutory profit of $4.3 million, 1.44 cents per unit
- Operating earnings of $41.7 million, 13.92 cents per unit
- Distribution of $39.0 million, 13.00 cents per unit,
- Balance sheet gearing of 39.1%, with balance sheet gearing of the Australian portfolio at 30.1%
- Portfolio value of $1,904 million
- Net tangible assets at $1,029 million, $3.43 per unit
Australian portfolio operating performance
- Same property NOI growth of 3.5%
- Occupancy of 98.7%
- Sustained rental rate growth of 4.1% on 159 specialty leasing transactions
- WALE of Australian supermarkets and discount department stores of 11.2 years
| Half Year Operating Results | Half Year ended 31 December 2011 |
| Operational | |
| Same property NOI growth | 2.7% |
| Financial | |
| Statutory profit | $4.3m |
| Operating earnings |
$41.7m |
| Operating earnings per unit | 13.92 cents |
| Distribution | $39.0m |
| Distribution per unit | 13.00 cents |
| Payout ratio | 93% |
| As at 31 December 2011 | |
| Operational | |
| No. of properties | 90 |
| Average capitialisation rate | 8.29% |
| Occupancy | 97.9% |
| Financial | |
| Balance sheet gearing (Debt: Total assets) | 39.1% |
| Net tangible assets ($m) | $1,029 |
| Net tangible assets ($ per unit) | $3.43 |
| Units on issue (million) | 299.6 |
Information is correct as at 31 December 2011.