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Atlantic Leaf Properties pleased with solid platform for growth

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Mauritius ? Atlantic Leaf Properties (ALP), the Mauritian-based real estate company that focuses on commercial property assets in strategically positioned light-industrial nodes in the UK, reported its results for the quarter ended 31 May 2017.
 
As at 31 May 2017, the company had a total of £303m in assets under management compared to £270m in 2016, with continued 100% occupancy and strong cash flows from the rental income collected.

Commenting on the results, CEO Paul Leaf-Wright said these results reflect a solid performance for the quarter where the company achieved its forecast earnings target and is on track for the full year forecast distribution of 9.0 pence.

"Our focus remains firmly on the United Kingdom which still presents numerous good opportunities for us to consider. Notwithstanding the recent elections and the ongoing Brexit talks, we see occupier and investment demand as well as income and capital growth continue to show value in the industrial and logistics sectors,” said Leaf-Wright.
 
The company’s total portfolio consists of 48 properties, each of which has long-term single-tenant leases with blue-chip occupiers, with an average yield of 7.3% and a weighted average unexpired lease term of approximately 11 years.

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