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Brookfield Prime Property Fund

Key Information (as at 31 December 2016)
Listing date: 15 September 2006
Funds under management (total assets): $761 million
Distributions:  
 Quarter end                                                                               
Cents per unit
 March 2016
6.0
 June 2016
6.0
 September 2016 6.0
 December 2016 6.0
Total distribution and returns
of capital*
24.0

* for the year ended 31 December 2016

NTA per unit: $8.841
ASX code: BPA
Portfolio Occupancy: 91%
Portfolio weighted average lease expiry by ownership and income: 4.7 years1
Value of direct property portfolio: $707.0 million
Assets (External valuations at December 2016):
680 George Street and 50 Goulburn Street, Sydney
(50% interest valued at $363.0 million)
American Express House, 12 Shelley Street, Sydney
(100% interest valued at $178.0 million)
108 St Georges Terrace, Perth
(50% interest valued at $166.0 million)
Loan (total debt) to Value Ratio: 44%
Debt:

As at 31 December 2016, the Fund's $340 million senior bank debt facility was drawn to $315 million and the Fund's $50 million subordinated debt facility with Brookfield remained undrawn. 


Note: 1.  Post the American Express lease renewal at 12 Shelley Street for 10 years from 1 January 2019, the portfolio WALE increased to 6.8 years and the Fund's net assets increased to $9.02 per unit. 

 

 

  
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