Real Estate Investor Magazine South Africa Real Estate Investor Magazine - July 2017 | Page 42

Comparing two of the biggest UK REITs
listed in South Africa:
Hammerson Plc Intu Properties Plc
Market Cap (£ bn) at as 9 June 2017 4.676 3.596
Asset Value 31 December 2016 (£) 10.0bn 10.0bn
NAV per share pence 739.00 404.00
Share Price (pence) as at 9 June 2017 589.50 265.40
Strategy Focused on growing
consumer markets, create
differentiated destinations
and promote financial
efficiency and partnerships Focused on three key
themes: retail trends,
optimising asset
performance and strategy
for growth
Established 1942 1980
Portfolio Focus Retail Retail
Portfolio Exposure £ UK Shopping Centres 34%,
France 22% Premium
Outlets 17% UK Retail
Parks 13% Ireland 8%
Other 6% 65% Super-regional centres
31% In-town centres 4%
Spanish centres
96% UK 4% Spain
Geographical Exposure 58% UK and 42% Europe 96% UK 4% Spain
Portfolio Value growth in 2016 £ 4.60% 0.00%
Average debt maturity in years 5.5 7.1
Average cost of debt £ 3.10% 4.30%
Portfolio Occupancy Rate 97.5% 96.0%
Earnings per share Growth 2017 Outlook £ 7% to 8% 0 to 2%
Earnings per share growth achieved in 2016 £ 8.60% 6.00%
Like for Like Net Retail Growth in 2016 £ +3.2% +3.6%
Fixed Debt % 70% 88%
Loan to Asset Value 36.20% 43.70%
2016 share price performance total return £ -0.70% 3.40%
5.35% -2.43%
2017 share price performance total return to 9 June
2017 £
RESOURCES
Stanlib, Hammerson Plc, Intu Plc. Keillen Ndlovu is
the head of Listed Funds at Stanlib.
40
JULY 2017 SA Real Estate Investor
www.reimag.co.za