Atlantic Leaf

Overview

Atlantic Leaf is an income-focused UK REIT, targeting commercial property in strategic regions and sectors of the United Kingdom. The company’s primary objective is to provide suitable returns to investors through long-term investments in quality real estate assets which have sound property fundamentals, stable income profiles and good prospects for capital growth.

Atlantic Leaf enhances shareholder returns by employing gearing, in the form of low-cost bank debt. A conservative degree of leverage is used to provide attractive returns while maintaining an acceptable risk profile.

The company seeks to facilitate further value creation by evaluating and implementing strategic, active asset management plans for each property. This may involve new lettings and lease extensions, refurbishments, and developments, among other activities. Asset management potential is a key consideration when assessing acquisition opportunities.

The following criteria are considered in evaluating each new investment opportunity:

Portfolio Summary

Portfolio details as at 28 February 2019

Assets under management (AUM)£376m
Total properties 59
Tenants 34
Gross lettable area (GLA)485,101 sq m. (5,221,581 sq ft.)
WAULT9.42 years
Average asset yield7.31%
Average cost of debt3.3%
Senior outstanding debt£170.1m
Loan-to-value (LTV)48%
Fixed portion of debt77%

Summary Graphs

Tenant Classification

Regional Split

Sectoral Split