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%|
|Rental Income (€ million):||3.6||5.9||64%|
|EBITDA (€ million):||0.8||2.4||x3|
|Net Equity (€ million):||32.5||42.5||31%|