Portfolio Overview

Overview table
Overview Amount
Properties 1,304
Mult-Tenant Retail View
Square Feet (millions) 66.8
Leased 96%
Weighted Average Remaining Lease Term(1) 6.9 years
% of SLR derived from Investment Grade Tenants(2)(3) 58%
% of leases with contractual rent increases(4) 78%
  1. Weighted average remaining lease term in years based on square feet as of September 30, 2023.
  2. As used herein, Investment Grade includes both actual investment grade ratings of the tenant or guarantor, if available, or implied investment grade. Implied investment grade may include actual ratings of tenant parent, guarantor parent (regardless of whether or not the parent has guaranteed the tenant's obligation under the lease) or by using a proprietary Moody's analytical tool, which generates an implied rating by measuring a company's probability of default. The term "parent" for these purposes includes any entity, including any governmental entity, owning more than 50% of the voting stock in a tenant. Multi-tenant portfolio includes credit ratings for tenants who occupy 10,000 square feet or more.
  3. Calculated as of September 30, 2023, using annualized straight-line rent converted from local currency into USD as of September 30, 2023 for the in-place lease on the property on a straight-line basis, which includes tenant concessions such as free rent, as applicable.
  4. The percentage of leases with rent increases is based on straight line rent as of September 30, 2023. Contractual cash base rent increases average 1.3% per year and include fixed percent or actual increases, or country CPI-indexed increases, which may include certain floors or caps on rental increases. As of September 30, 2023, and based on straight-line rent, approximately 59.7% are fixed-rate increases, 13.9% are based on the Consumer Price Index, 3.9% are based on other measures and 22.5% do not contain any escalation provisions.

Geographic Presence1

geographic diversity graph
  1. Note: Portfolio metrics as of September 30, 2023.

Industry Diversity1

Industry diversity graph
  1. Metric based on annualized SLR as of September 30, 2023. Calculated as of September 30, 2023, using annualized straight-line rent converted from local currency into USD as of September 30, 2023 for the in-place lease on the property on a straight-line basis, which includes tenant concessions such as free rent, as applicable.

Asset Type Diversification1

Industry diversity graph
  1. Metric based on SLR. Weighted by annualized SLR converted from local currency into USD as of June 30, 2023 for the in-place lease on the property on a straight-line basis, which includes tenant concessions such as free rent, as applicable.