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Active Asset Management 

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Integrated Property Group

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$233 Million in Assets Under Management 


Fund Overview

The Fund is an ASX listed Real Estate Investment Trust (REIT) which intends to invest in commercial offices in city and suburban markets as well as industrial facilities along the eastern seaboard of Australia.  The Fund currently holds nine established property assets valued at $233 million and an approximate market capitalisation of $130 million.

The Fund offers investors:

  • FY2018 forecast distributions of $0.09 per unit per annum, to be paid quarterly;
  • Exposure to a diversified commercial and industrial portfolio with a weighted average capitalisation rate of 7.37%;
  • Income returns supported by leases to reputable tenants with structured rental growth (weighted average rent increase for FY2018 of ~ 3.25%);
  • A conservative capital structure and transparent fee arrangement; and
  • Access to the expertise and experience of the GARDA Capital Group.  

Fund Overview

Fund Overview  
Asset Under Management $233,450,000
 Funds Type  ASX listed property trust (AREIT)
Fund Status   Open to trade on ASX
ASX Code   GDF
FY2018 Forecast Distributions    $0.09 per unit p.a. (paid quarterly)

 

Fund Financials

Fund Financials  
Net Tangible Assets (NTA) $1.21 per unit 
LVR 31.7%
ICR 5 times

 

Leasing Metrics

Leasing Metrics  as at 1 July 2017
Net Lettable Area (NLA) 54,204sqm
Occupancy  94%
Weighted Average Lease Expiry (WALE) 5.6 years
Sector (by value) 60% office 40% industrial
 

Fund Strategy

The Fund’s objective is to provide sustainable and growing distributable income derived from investments in commercial offices in city and suburban markets as well as industrial facilities along the eastern seaboard of Australia.

The Fund’s investment and growth strategy is intended to be achieved through:

  • Investing in commercial office located in both city and suburban office markets as well as industrial facilities along the eastern seaboard of Australia;
  • Investing in assets comprising a balance of:
    • Assets demonstrating the potential for stable long term cash flows; and
    • A proportion of higher yielding and active management assets where the responsible entity intends on improving both the income profile and capital value of those assets.
  • Investing in a portfolio diversified by building type, location and tenant;
  • Investing in properties with structure rental growth;
  • Maintaining a conservative capital structure and long-term target gearing of 30% to 35%;
  • Providing investors with the potential for capital growth overtime; and
  • Accessing the GARDA Capital Group expertise and experience in asset and capital management.
 

Debt Facility

The St. George Bank debt facility is currently drawn to $63.35 million. 

The following terms are part of the current debt facility:

  • Facility limit of $83.6 million;
  • LVR covenant of less than or equal to 50%; and
  • ICR covenant greater than or equal to 2.5 times.

Top 5 Tenants

@ June 2017Income ($'000)% of Total
Golder Associates $2,663 13%
J Blackwoods & Sons $2,449 12%
QLD State Government (DTMR) $1,707 8%
Planet Innovation  $1,652 8%
Fulton Hogan $951 5%

Lease Expiry Profile

Lease Expiry

Fund Reports

ASIC Class Order

Tax Statement for 30 June 2017


GDF ASX ANNOUNCEMENTS

30 Jun 2015

GARDA Diversified Property Fund

ASX Announcements 

  

Read more

GARDA Diversified Property Fund Assets

View all Fund properties

Contact us

Contact Form


Garda Capital Group

1300 889 100

Level 21, 12 Creek Street, Brisbane QLD 4000

GPO Box 5270, Brisbane QLD 4001

Ph: +617 3002 5300 Fax: +617 3002 5311
Email: contact us form

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