Portfolio Valuation

The Fund’s portfolio is geographically diversified across 41 markets in 12 European countries. The following charts show the total portfolio’s geographical distribution based on the market value of 513 properties owned by the Fund as at 30 June 2020, in terms of allocations by country and region.

Net Property Value by Country (€ million)

PELF Net Property Value by Market

 

Geographic Distribution by Net Value

PELF Geographic Distribution by Net Value

 

 

In Q2 2020, capital values decreased marginally. Excluding the effect of currency movements and transactions, the Fund's portfolio value decreased by 0.8% during this quarter.

Second Quarter Operating Results

Operating portfolio occupancy increased to 97.6%. Total leasing activity covered over 616,000 SQM.

Occupancy by Region

PELF Occupancy by Region

 

Expiries/Next Lease Breaks – Annualised Ending Base Rent (AEBR)

PELF - Expiries/Next Lease Breaks – Annualised Ending Base Rent (AEBR)

 

The Fund has a diversified customer base, which consists of 853 leases.

  • No one customer comprises more than 4.8% of the total annualised ending base rent.

  • In total, the top 10 customers account for only 23.5% of the total annualised ending base rent of the Fund.

The following table lists the top 10 customers and their share of the total annualised ending base rent of the Fund.

PELF Customer Base - Top 10

Contact

Fund Administration

Joanne Davies

Manager, Fund Administration

+352 2620 5785

[email protected]