Investor Presentaiton
Celebrating 50 years FY22 Additional Information
Office: portfolio details
50
mirvac
FY22
FY21
OFFICE GEOGRAPHIC DIVERSITY 4 OFFICE DIVERSITY BY GRADE 5
No. of properties1
25
25
NLA¹
857,762 sqm
785,841 sqm
Portfolio value 2
$8,337m
$7,663m
WACR
5.05%
5.14%
Property net operating income (NOI)
$369m
$366m
Sydney 55%
Melbourne 29%
● Brisbane 6%
● Perth 5%
● Canberra 5%
Premium 42%
A grade 57%
◆ B grade 1%
Like-for-like NOI growth
1.9%
0.2%
Maintenance capex
$19m
$32m
3
Incentive capex³
$19m
$15m
OFFICE RENT REVIEW STRUCTURE 6
Occupancy (by area)
95.7%
NLA leased
42,826 sqm
95.5%
41,631 sqm
% of portfolio NLA leased
5.0%
5.3%
WALE (by area)
WALE (by income)
7.3 yrs
6.4 yrs
7.4 yrs
6.3 yrs
Fixed 80%
CPI linked 11%
Other 9%
1. Includes assets held for sale/on market for sale and excludes IPUC and 90 Collins Street, Melbourne.
2. Includes IPUC, assets held for sale/on market for sale and properties being held for development. FY22 IPUC value of $401m and FY21 IPUC value of $532m. Subject to rounding.
3. Includes cash and fitout incentives.
4. By portfolio value, including IPUC and properties being held for development or assets held for sale/on market for sale.
5. By portfolio value, excluding IPUC and 90 Collins Street, Melbourne.
6. By income, excludes lease expiries.
11 AUGUST 2022 56.View entire presentation