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Portfolio profile - the X-Leisure Limited Partnership
as at 31 December 2009

Portfolio valuation
(gross asset value)

£518.8m
Portfolio valuation
(net asset value)
£147.9m
Net initial yield (contracted rent) 7.91%
True equivalent yield 9.53%
Reversionary yield 8.99%
Number of properties 18
Floor area c.4 million sq ft
Number of tenants 337
Void % of ERV 5.3%
Weighted unexpired lease term 15.3 years
Secure net income with fixed uplifts 41.09%
Gearing (based on gross asset value) 68.3%
ERV growth (standing investments) -8.2%

 

Covenant by sector
at 31 December 2009 by passing rent
Income expiry profile
at 31 December 2009 by passing rent
   
Covenant by sector pie chart
Income expiry profile
   
Source: Hermes Real Estate Investment Management. Source: Hermes Real Estate Investment Management.
   
   
 
 
   
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