Recurring Rental Income Business ModelA rental-focused business generates recurring, relatively predictable cash inflows over time. For a residential portfolio this supports stable operating cash and underwriting for maintenance and development, enabling long-term asset management and steady revenue even through cycles.
Improving Free Cash Flow GenerationAccelerating free cash flow in 2025 indicates improving operational cash conversion and reduces refinancing pressure. Stronger FCF supports reinvestment, debt servicing, and cushions cyclical headwinds, improving the company's capacity to fund capex and development internally.
Growing Equity Base And Sizable AssetsA rising equity base increases loss-absorbing capacity and provides room for development activity. Sizable assets support scale advantages in property management and potential value creation from upgrades and selective disposals over the medium term.