Dexus Convenience Retail REIT · ASX:DXC
Dexus Convenience Retail REIT — APN Regional Property Fund — Investor Presentation (September 2018)
10 slides from Dexus Convenience Retail REIT's investor presentation, Sep 30, 2018
Slide 1: APN Regional Property Fund Investor Update
APN REGIONAL PROPERTY FUND INVESTOR UPDATE 30 September 2018
Slide 2: At a Glance
At a Glance $51.1m 2 9,471 PORTFOLIO VALUE A-GRADE OFFICE PROPERTIES SQUARE METRES $1.41 7.92% 9.33% NET TANGIBLE ASSETS PER TOTAL RETURN P.A. DISTRIBUTION YIELD1 SECURITY SINCE INCEPTION2 80% 100% 29.4% INCOME FROM GOVT OR OCCUPANCY GEARING3 NATIONAL TENANTS 1. Calculated as FY18 distribution rate
Slide 3: Update – 30 September 2018
Update – 30 September 2018 Financial ▪ FY19 distribution of 9.5 cents per unit, reflecting a distribution yield of 7.9% pa(2) (paid quarterly) ▪ NAV per unit of $1.41 ▪ Fund gearing of 29.4%(1) ▪ Fund WALE of 1.66 years (by income) Operational ▪ Both 26 & 28 Honeysuckle Drive remain 100% occupied 26
Slide 4: Fund Key Metrics
Fund Key Metrics Tenant Profile by Income 2% 2% Government Property NSW 4% Sparke Helmore 5% Newcastle Newspapers 5% 31% QBE Management Services 11% Australian Customs & Border Protection Noble Resources 11% Hunter Development Corporation Wealth Creation Newcastle 30% Specialty - Retail Fund Total R
Slide 5: Property 1 – 26 Honeysuckle Drive
Property 1 – 26 Honeysuckle Drive Overview Valuation metrics as at 30 June 2018 ▪ Modern building within the Honeysuckle Precinct, located Independent Valuation $21,900,000 1.5km to the west of the Newcastle City Centre Capitalisation rate 7.50% Net Lettable Area 4,141 sq m ▪ Five commercial tenanci
Slide 6: Property 2 – 28 Honeysuckle Drive
Property 2 – 28 Honeysuckle Drive Overview Valuation metrics as at 30 June 2018 ▪ Built in 2002, comprising seven storeys Independent Valuation $29,200,000 ▪ Five commercial tenancies, a single retail tenancy and a Capitalisation rate 7.50% rooftop telecommunications tenancy Net Lettable Area 5,330
Slide 7: Asset Management Update
Asset Management Update ▪ Energy efficiency improvements have continued over the past 12 months and a preliminary NABERS reading of 4.5 stars has been received ▪ Construction has begun on the foyer upgrades to both buildings along with the upgrade and expansion of the end of trip facilities. The wor
Slide 8: Ongoing Fund Strategy
Ongoing Fund Strategy ▪ As outlined in our FY18 results presentation, the Board continues to target a liquidity event for the Fund as an alternative to units being sold via the National Stock Exchange (NSX). ▪ Since the last investor update, we have progressed the key Fund objectives including: ▪ En
Slide 9: Additional Information
Additional Information For additional information on the Fund including the audited financial statements for the year ended 30 June 2018, please visit the APN Property Group website at www.apngroup.com.au 9
Slide 10: Disclaimer
Disclaimer This presentation has been prepared by APN Funds Management Limited (ACN 080 647 479, AFSL No. 237500) (the "Responsible Entity") as the responsible entity and issuer of the financial products in respect of APN Regional Property Fund (ARSN 110 488 821). The APN Regional Property Fund is a
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