Atlantic Leaf

Overview

Atlantic Leaf is an income-focused property company, targeting commercial property in the United Kingdom and selected developed markets. The company’s primary objective is to provide suitable hard currency 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.

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

These investments are typically held through subsidiaries incorporated in various jurisdictions, where doing so makes commercial sense from a tax or funding perspective. The following criteria are considered in evaluating each new investment opportunity:

Portfolio Summary

Portfolio details as at 30 November 2016

Assets under management (AUM)£283m
Total properties47
Tenants12
Gross lettable area (GLA)382,127 sq m. (4,113,181 sq ft.)
WAULT11.83 years
Average asset yield7.16%
Average cost of debt3.2%
Senior outstanding debt£145.4m
Loan-to-value (LTV)51.4%
Fixed portion of debt76%

Summary Graphs

Property portfolio composition

Lease expiry profile