Property And Capital Markets

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Image 1 – Location of the properties in the map (RNY Annual Report 2014).

The numbers of each city, as presented in the Chart 1, are represented in the Image 1, and each colour from the Chart 1 represents a different region of investment, and there are the same colours in the map of Image 1. There are 10 different cities and 20 different office properties included in the portfolio of the company.

According to the RNY Annual Report of 2014, the portfolio is distributed with 30,4% for Long Island, 27,9% for Westchester County, 23,8% for Fairfield County, and 17,9% for Northern New Jersey. Even though the biggest property is in Fairfield County (225 High Ridge Road in Stamford, with 15,7% of the whole portfolio), there are more properties in the region of Long Island, that’s way the proportion of the portfolio is bigger in that region (RNY Annual Report 2014).

About the properties listed, 14,3% of the portfolio were made in the year of 2014, when RNY executed 50 leases transactions in that year. Besides that, they had a renewal rate of 71,8% in the same year, but they will have some of the leases expiring in the year of 2015, representing 11,3% of the portfolio revenue (RNY Annual Report 2015).

That means that, by the end of the year of 2014, the occupancy of the properties were 74,8% (RNY Annual Report 2014).

Types of Properties

[pic 2]Although all the properties of the RNY are office buildings, there are some differentiation related to the use of the property, as shown in the image below:

Image 2 – Tenant Industry Diversification Percentage (RNY Annual Report).

As can be seen in the graphic of the Image 2, the main tenants are related to consumer products and financial services, with 11% each. But, as the graphic shows, there are a lot of diversification in the type of tenants that rent the office properties (RNY Annual Report 2015).

Trust Size and Debt Levels

The trust size of the portfolio of the RNY Property Trust is of $251,377,000, based on the RNY half year report of 2015. The total equity of the trust fund is of $145,261,000, when its considered a debt of $106,116,000. (RNY Half Year Report 2015).

Based on this values, the debt of the trust fund is proportionally 42% of the total assets of the company, according to the RNY Half Year Report of 2015.

Location of Head Office

There is only one head office based on Australia, for the trust fund, and it is based in Sydney.

Head Office

RNY Property Trust

Level 56, MLC Centre

19 Martin Place

Sydney, NSW 2000 Australia

Tel +61 2 9293 2911

Fax +61 2 9293 2912

References

A.S.X., 2015a, RNY Property Trust. Retrieved 15 September, 2015, from http://www.asx.com.au/asx/research/company.do#!/RNY/details;

RNY, 2015b, Annual Report 2014, RNY Property Trust, Sydney;

RNY, 2015c, Appendix 4 - Half year report for the period ended 30 June 2015. Retrieved 15 September, 2015, from http://www.rnypt.com.au/wp-content/uploads/2015/08/01-RNY-1H-accts-Jun15-final-w-4D.pdf

RNY, 2015d, RNY Property Trust. Retrieved 15 September, 2015, from http://www.rnypt.com.au/