RESULTS PRESENTATION
24 AUGUST 2017www.apngroup.com.au ASX Code: APD
Overview
APN PROPERTY GROUP IS A SPECIALISTREAL ESTATEINVESTMENT MANAGER:
COMMERCIAL PROPERTYPhilosophy
PROPERTY FOR INCOME
WesTrac Tomago, Newcastle NSW -Industria REIT
Approach
INVESTMENT
PERFORMANCEOUTSTANDING
SERVICEPuma Rutherford, NSW -Convenience Retail REIT
Business Model
MANAGEMENT FEES CO-INVESTMENT
INCOME
Coburg Hill Shopping Centre, Coburg North VIC
As at 30 June 2017
APN PROPERTY GROUP LIMITED
$2.6 BILLION FUM1
REAL ESTATE SECURITIES
$1,534 MILLION FUM
INDUSTRIA REIT
$640 MILLION FUM
CONVENIENCE RETAIL REIT
$308 MILLION FUM1
DIRECT PROPERTY
$125 MILLION FUM2
BALANCE SHEET $110 MILLION NET TANGIBLE ASSETS
► Established 1996
► 12 Funds, 100 properties1
► 45 Staff, Melbourne based
► Office, industrial, retail and other real estate investments
► Multiple strategies across listed and unlisted funds, direct and indirect (listed property securities) and institutional and retail investors
Includes $113 million of asset acquisitions not complete at balance date but scheduled to settle before 31 October 2017 by Convenience Retail REIT (CRR) (as outlined in CRR PDS).
Proforma FuM excludes funds that form part of Convenience Retail REIT (APN Retail Property Fund and APN Property Plus Portfolio)
$7.3 million ▲95% (2.35 cents per share (cps)2)
FUM$2.6 billion3▲19%
TOTAL SHAREHOLDER RETURN4 DIVIDENDS1 year: 22.9%
3 years: 33.3% pa
2.00 cps fully franked ▲14% Interim: 1.25 cps
Final: 0.75 cps
Puma Kempsey South, NSW - Convenience Retail REIT
BALANCE SHEETNTA: 35.1 cps
Cash: $18.6 million
WesTrac 1-3 Westrac Dr, Tomago NSW - Industria REIT
Operating earnings is an unaudited after tax metric used by management as the key performance measurement of underlying performance of the Group. It adjusts statutory profit for certain non-operating items recorded in the income statement including minority interests, discontinued operations (Europe and Healthcare), business development expenses and realised / unrealised fair value movements on the Group's co-investments and investment properties.
Proforma Operating EPS on a diluted basis with adjustment for statutory accounting treatment of special dividend paid in period - refer below and Note 15 of financial statements for details and reconciliation.
Includes $113 million of asset acquisitions not complete at balance date but scheduled to settle before 31 October 2017 by Convenience Retail REIT (CRR) (as outlined in CRR PDS). Excluding this FuM would be $2.5 billion and growth for the year would be 14%.
Per annum as at 30 June 2017. Includes reinvestment of dividends at market price on dividend payment date and divisor adjustment for standardised calculation where required
Includes cash held in trust for underlying funds managed by the Group of $0.6 million and $5.0 million for AFS Licences.
APN Property Group Limited published this content on 24 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 August 2017 07:07:07 UTC.
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