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Aventus Annual Report 2018


Aventus aims to be the leading Large Format Retail pure play landlord in Australia with intentions on consolidating the highly fragmented LFR sector through acquisitions, and development.

With both an active and passive investment strategy, Aventus have managed to maintain a total return since their IPO in 2015 of 12.7%.

As at 30 June 2018, the Fund owned 20 LFR centres in NSW, QLD, VIC, SA and WA valued at approximately $1 .9 billion.

On 1 October 2018, the management company and responsible entity were acquired by Aventus Holdings Limited to form the fully internalised vehicle, the Aventus Group.

2018 Highlights

  • FFO of $89 million or 18.1 cents per unit, an increase of 2.3% over the prior corresponding period;

  • Distributions of 16.3 cents per unit, 2.4% higher than the prior corresponding period;

  • Significant progress on refinancing the debt book has resulted in the next debt maturity being extended to October 2020 and lifting the Weighted Average Debt Expiry (WADE) to 4.4 years;

  • Net tangible assets per unit (NTA) of$2.38, an increase of 7.2% compared to the prior corresponding period; and

  • Revaluation gains of $78 million, 4.3% higher than June 2017, with the portfolio valued at approximately$1.9 billion.

  • Occupancy has increased to 98.7%with stable Weighted Average Lease Expiry (WALE) of 4.1 years

  • 3.3% like-for-like growth in Net Property Income

Outlook

FY19 guidance for FFO per unit is 18.4 cents per unit

See Annual Report

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