Growthpoint Interactive Annual Report 2018
Five year performance summary As at 30 June 2018 2017 2016 2015 2014 Number of properties no. 57 58 58 53 51 Total value $m 3,356.1 3,283.8 2,832.6 2,372.5 2,093.7 Occupancy % 98 99 99 97 98 Like-for-like value change $m / % of asset value 193.8 / 6.2 138.6 / 5.2 130.2 / 5.5 186.0 / 9.0 52.1 / 3.0 Total lettable area sqm 1,003,444 1,056,336 1,109,545 1,050,611 1,036,740 Weighted average property age years 10.6 9.6 9.2 8.3 7.9 Weighted average valuation cap rate % 6.2 6.5 6.9 7.3 7.9 WALE years 5.3 6.1 6.9 6.7 6.9 WARR 1 % 3.3 3.3 3.1 3.0 3.2 Average value (per sqm) $ 3,345 3,109 2,553 2,258 2,019 Average rent (per sqm, per annum) $ 238 231 198 183 171 FY net property income $m 213.6 223.3 181.2 171.8 148.7 Number of tenants no. 142 145 116 97 90 Annual rent review type 2 (%) as at 30 June 2018 Fixed 2.00-2.99% Fixed 3.00-3.99% Fixed over 4.00% CPI CPI +1.00% 17 67 8 7 1 1. Assumes CPI change of 2.1% per annum as per Australian Bureau of Statistics released for FY18. 2. Leases that have a minimum lease increase, typically 3%, or CPI are shown as the minimum fixed rate for the above. Tenant type (%) by income, as at 30 June 2018 Listed company Government owned Private company & other 56 24 20 Sector diversity (%) by property value, as at 30 June 2018 Industrial Office 34 66 Growthpoint Properties Australia 2018 Annual Report 21 Financial Report Portfolio Review Financial Management Business Overview Governance Additional Information
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