Recurring Rental Income ModelThe core business of leasing business parks and light industrial space produces predictable, recurring rental cash flows and ancillary service income. Over the medium term this supports stable earnings, funds refurbishment/development activity, and underpins dividend capacity despite cyclical demand.
Strong Revenue And Margin TrajectorySustained revenue growth and consistently healthy gross/EBITDA margins indicate effective asset management, rental pricing power and cost control. These durable operating efficiencies improve ability to absorb shocks, support reinvestment in assets and maintain distribution policies over coming years.
Healthy Cash Generation And FFO GrowthPositive operating cash flow, rising FFO and explicit multi-year FFO targets reflect strong underlying cash generation and a clear growth plan. Reliable cash conversion supports funding of selective development, acquisitions and dividend increases without immediate reliance on equity issuance.