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Company Name: Hansteen Holdings PLC

Place of Registration: England and Wales

Registered Number: 05605371

Registered Office Address:

1st Floor, Pegasus House,
37-43 Sackville Street
London W1S 3DL

Telephone: +44 (0)207 408 7000
Fax: +44 (0)207 408 7001

VAT number 872 5613 11

Regional offices

Why invest in Hansteen

Add Intro Text Here

We target two types of investments, one that provides a high yield, the other that, although lower yielding, offers the potential for capital growth through intense asset management initiatives. We seek to produce sustainable growth in our rental income and occupancy, which should lead to increased values. We then aim to realise and distribute the profits to our shareholders.

How we generate shareholder value

Disciplined investment

We select our investments based on a thorough assessment of the opportunities in order to create a high yielding portfolio with potential to add value. Our balance sheet is strong and we remain committed to financing on a prudent basis.

Diverse portfolio

Our property portfolio is spread across several European countries, primarily in Germany and the UK. We have more than 5,300 tenants from a wide range of business sectors, none of which accounts for more than 1.5% of the annual rent roll.

Industry expertise

Our people are at the centre of our success. We have 16 offices with experienced management teams across the UK and our regions in Continental Europe. We work hard at creating the right relationships with our tenants and other stakeholders so that we are in the prime position to act when opportunities arise.

Dividend growth

Our board is committed to a prudently progressive dividend policy reflecting the strong and growing cash flow generated by the business. We have paid a covered dividend every year since the first dividend distribution in 2006 and during that period, the dividend has increased by 75%.

Shares in Issue and Total Voting Rights

There are 745,727,907 ordinary shares of 10p each in issue.  The Company currently holds 1,375,225 ordinary shares of 10 pence each in treasury therefore the total number of voting rights in issue in the Company is 744,352,682.

The figure of 744,352,682 may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

There are 20,179,625 ordinary shares owned by the directors and therefore not in public hands, representing 2.71% of the total voting rights in issue.

Our Approach

ACQUIRE SELECTIVELY

We are an entrepreneurial investor which looks for opportunistic investments that will create a high-yielding property portfolio

494 properties
1.55 Billion (£) in 5 countries

MANAGE INTENSIVELY

Our locally-based, in-house, asset management teams have the skills to meet the most complex occupier requirements and improve occupancy

16 regional offices across the UK and Europe
100 dedicated staff

MITIGATE RISK

We have a diversified portfolio and a strong European platform

5,300 tenants
£22,780 average rent per annum

DELIVER OPERATIONAL PERFORMANCE

We seek to produce sustainable growth in our rental income and occupancy through intense asset management initiatives

148,000 sq m like-for-like occupancy improvement in 2015
2 million (£) like-for-like rent roll improvement in 2015
278.4 million (£) approx sales in 2016

REALISED RETURNS

Our returns are realised and growing

171.4 million (£) IFRS pre-tax profits in 2015
5.25 (p) dividends in 2015

Our Performance

Our portfolio at a glance as at December 2015:

Our Profit Track Record from 2006 to 2015
Key performance indicators

Our KPIs are aligned with our strategy of being a leading owner and asset manager of European industrial property and our mission of providing investors with consistent, high and realised returns.

In our view returns are best measured by looking at realised profits and valuation growth.

Our KPIs are primary metrics for how we measure our progress and the last 5 years of performance against our KPIs is set out below:      

 

2015 2014 2013 2012 2011 2010
Normalised Income profit 47.2 48.2 39.4 30.8 25.7 20.2
Normalised Total Profit 63.2 65.3 46.3 34.3 34.2 26.5
Net Asset Value (NAV) (per share) 105P 99p 85p 81p 80p 84p
EPRA NAV (per share) 111P 102p 91p 83p 82p 86p
Annualised rental income 120.2 137.7 134.9 71.8 66.1 59.6
Net debt to value 41% 41.10% 49.30% 38.60% 38.70% 53%
Dividend (per share) 5.25P 5.0p 4.8p 4.5p 4.0p 3.5p
Special dividend 3.0p
Yield 7.80% 8.50% 8.80% 8.50% 8.40% 8.00%
Occupancy 86% 86% 84% 82% 81% 78%
Risks and how we manage them

We recognise the important ongoing process of identifying, evaluating and managing the most significant risks that face our business. We believe that effective risk management is essential for our business to achieve its objectives.

Our principal risks and uncertainties are reported here and include the judgments and uncertainties used in determining the fair value of investment property, fluctuations in foreign exchange rates, taxation and the variability of rental income.

How we manage these risks:

Management structure

There is a clear organisational structure with well-defined lines of reporting and responsibility

Financial reporting

Our reporting disciplines include performance monitoring and profit and cash forecasting

Investment appraisal

We have a clearly-defined framework for capital and development expenditure and subsequent on-going appraisals

 

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