Very Long WALE And Near‑100% OccupancyA 9.2‑year WALE and 99.9% occupancy provide highly predictable, contracted rental cash flows and low leasing churn. Over a 2–6 month horizon this structural income visibility supports distribution coverage, lowers vacancy risk and cushions earnings versus cyclical tenant demand.
Diversified, High‑quality PortfolioA broad $6bn portfolio with a large share of triple‑net leases and contractual annual rent escalations supports durable net property income. Diversification across property types and long‑dated, creditworthy leases reduces single‑asset concentration risk and underpins steady cash generation.
Strong Hedging And Improved Funding MarginsHigh hedging coverage (~80%) and recent accretive refinancing lower interest rate volatility exposure and lock in a material portion of funding costs. Combined with reduced all‑in margins, this gives multi‑period protection for distributable earnings and supports capital management discipline.