Recurring Multi-tenant Leasing ModelThe shared passive-infrastructure model produces durable, recurring rental income with upside from adding tenants per site. Long-term contracts with major operators and multi-tenancy raise revenue per asset with low incremental cost, providing predictable cash flows and scalable margins over months.
Strong Free Cash Flow GenerationRobust operating and free cash flow metrics indicate the business converts profits into cash efficiently, supporting capex, maintenance and debt servicing without dilutive financing. Strong FCF provides durable financial flexibility to invest in tenancy growth and weather operator cyclicality.
High Margins And Strong ROEElevated gross, EBIT and EBITDA margins reflect the low incremental cost of hosting additional tenants and operational efficiency, while a high ROE shows capital is deployed effectively. These structural profitability traits support sustained cash generation and resilience across the medium term.