Portfolio Statistics

Property Type

Lease Term Remaining
w/ Ext.

(W.A. 88 Years)

Yield Metrics

% Annualized Yield(1)

($174M Annualized In-Place GAAP Rent, Net)

% Annualized Cash Yield(2)

($111M Annualized In-Place Cash Rent)

Credit Metrics(3)

x W.A. Rent Coverage
% W.A. GLTV
  1. (1) Calculated as the annualized base GAAP Rent, Net plus Percentage Rent divided by Gross Book Value.
  2. (2) Calculated as the annualized base Cash Rent plus Percentage Rent divided by Gross Book Value.
  3. (3) The Company uses estimates of the stabilized Property NOI if it does not receive current tenant information or if the properties are under construction/in transition. These estimates are based on leasing activity at the property, third party appraisals and available market information, such as leasing activity at comparable properties in the relevant market.

Note: For additional details on these calculations, please see the Q4 2020 earnings presentation on our website.