McKay Securities Annual Results to 31 March 2018 - page 16

MCKAY / MAY 2018 / 16
Portfolio resilience:
• regional strength
• dual-sector diversity
March 2018 March 2017
Assets 33 36
Average lot size £14.0m £11.9m
Occupancy up
inc dev 89.3% 77.3%
exc dev 92.6% 93.3%
WAULT extended
To expiry 6.9 5.2
To break 5.8 4.3
Valuation yields
Initial (topped-up) 5.6% 5.1%
Reversionary 6.8% 7.1%
Net equivalent 5.8% 6.4%
56.5%
15.3%
23.5%
4.7%
SE
offices
SE
industrial
London
offices
Other
potential
future cost
of debt
460.2£m
rtfolio
value