Track Record / History
Since 2013 SPDI has been transformed from having just one income producing property in one country to owning a portfolio of prime real estate in four countries which is comprised of several properties let out to blue chip tenants generating significant income (with cap rate >10%)
In late 2011, a small group of new shareholders and the new management team jointly turned the business around (then called AISI) from a company with almost no income, no cash and >US$5 million of annual costs and successfully increased its annual income by 500% and decreased the annual costs by 50% within 18 months. Today, renamed as SPDI, the Company has a broad geographic portfolio with high yields and capital growth potential. Utilising its in-house and external resources, the Board and Management team have put in place a best in class internal structure and platform upon which to continually optimise the performance of its existing portfolio, as well as expand the business further.
Management has a defined strategy and investment criteria to generate shareholder value through taking advantage of the highly positive macro and regional property market fundamentals.
Key Facts | 31 December 2014 | 31 December 2015 | Change |
---|---|---|---|
Total Assets (€ million): | 67 | 125 | 87% |
Number of income producing commercial properties: | 4 | 7 | 75% |
Operational Gearing | 48% | 52% | 9% |
Rental Income (€ million): | 3.6 | 5.9 | 64% |
EBITDA (€ million): | 0.8 | 2.4 | x3 |
Net Equity (€ million): | 32.5 | 42.5 | 31% |
Issued Shares: | 33,884,054 | 90,014,723 | 166% |