Key strategic goals

01

A specialist operating platform

We have built an operating platform for our business to operate more efficiently. It is flexible in meeting our customers’ daily needs, while enabling our business to grow at a reduced marginal cost.

02

High-quality properties

We own and acquire buildings that work for our customers. These are in secure urban locations, with regular layout and offer value for money. This enables us to maximise demand and convert this into higher occupancy and rents. We are always looking to grow this MLI portfolio.

03

Sustainable growing income and net-asset value

We believe that the fundamentals of UK MLI allow us to grow rents and values by 4–5% a year, which, after modest leverage, will achieve our target of a minimum 10% total accounting return. Listings on the London and Johannesburg Stock Exchanges ensure liquidity and access to a substantial investor market.

04

Working for all stakeholders

We aim to be a responsible, sustainable business that achieves its financial targets while balancing the needs of, and creating value for, shareholders, customers, our people, local communities and the environment, as well as all other stakeholders.

Our objectives
for the 31 March 2022 financial year

Complete transition to 100% MLI

Complete the remainder of the transition to a portfolio of 100% MLI assets by disposing of the remaining £127.2m of non-MLI assets in Germany, Switzerland and Guernsey, and reinvesting the proceeds as soon as practically possible into UK MLI property.

Maintain dividend

Target at least 6.75p dividend for the year. Through the careful management of disposals, acquisitions, cash drag, and third-party finance, Industrials REIT has maintained the full year dividend at 6.75p through the three-year transition. Stenprop seeks to establish property-related earnings from the MLI portfolio, which will support sustainable growth in the dividend from the financial years commencing 1 April 2022 onwards.

Industrials Hive operating platform

Complete the roll out of our new integrated ERP platform, content management platform, and data architecture. Evolve our sales and marketing process to extract greater value through the integration of our on-site customer engagement management and CRM system, whilst also in-sourcing all customer relationship management to deliver enhanced and consistent customer service through all phases of the lease lifecycle.

Liquidity and brand

Move from the Specialist Funds Segment to the Premium Segment of the Main Market of the LSE and, subject to shareholder approval, change the status of our JSE listing from Primary to Secondary to appeal to a wider range of investors. Rebrand the Company to complement the strategic direction of the business and enhance understanding of our value proposition.

Sustainability

Enhance our ESG reporting by improving the measurement and reporting of key metrics. Encourage and embrace a culture of responsible and sustainable operations by making sustainability, and the needs of all our stakeholders, central to all decision making.

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