Current Offer
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* Forecast average distribution yield for the forecast period from 1 October 2006 to 30 June 2009 and includes a distribution from MAB International Retail Trust and an interest payment from
MAB American Property REIT Inc. This yield is based on, and must be read with, Key Assumptions
and Risk Factors in the Product Disclosure Statement and Prospectus dated 17 January 2007.
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| Asset class | Grocery-anchored retail property |
|---|---|
| Term of trust | 7 years with ability to add properties with additional raisings during that time |
| Size of initial equity raising | AU$37 million approximately |
| Minimum investment | AU$10,000 |
| Distribution frequency | Quarterly |
| Forecast distribution yield ^ | FYE 30/6/2008 – 8.45% FYE 30/6/2009 – 8.50% Tax advantage 90% for forecast period |
| Liquidity | Limited liquidity facility offered after year 1 |
| Strong lease expiry profile | 8.0 years by income from 1 April 2007 Average expiry for major tenants 12.4 years |
| Debt | Borrowings drawn in USD Interest rates fixed for minimum 5 years |
| Currency | AUD capital hedged for 7 years USD distributions substantially hedged for 7 years |
| Exit | All investors provided with exit opportunity after 7 years |
^ This forecast distribution yield includes a distribution from MAB International Retail Trust and an interest payment from MAB American Property REIT Inc.
US market offers:
- Larger pool of investment grade assets
- Favourable yields
- Lower borrowing costs
- No stamp duty payable.
US retail property a consistent performer:
- Sustainable and predictable income
- Lower volatility than other asset classes, similar to Australian retail property.
Strict property selection criteria:
- Grocery and convenience-based retail
- Growth areas
- Well located, modern buildings
- Individual property selection.
Due diligence:
- Independent valuations
- Trade area analysis
- Demographic modelling
- Economic modelling and analysis
- Structural reports
- Legal due diligence.
- Well leased
- Approximately 50% of income derived from anchor tenants across portfolio
- Modern construction and refurbishment
- Independent structural reports forecast minimal property capital expenditure in short-medium term
- Economic due diligence confirms viability of each retail centre within respective markets
- Independent valuations equal to or greater than purchase prices.
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This web page has been prepared by MAB Funds Management Limited and MAB American Property REIT Inc for general information purposes and while every care has been taken in relation to its accuracy, no warranty is given or implied. This information is does not constitute an offer nor does not take into account your objectives, financial situation or needs. Before you invest in the MAB International Retail Trust
(ARSN 121 054 662) and MAB American Property REIT Inc (ARBN 123 316 209) you should read the Product Disclosure Statement and Prospectus carefully in its entirety and, if required, obtain independent financial and legal advice. None of the MAB Funds Management Limited nor MAB American Property REIT Inc nor any of their respective directors, officers or associates guarantee or give any reassurance as to the performance of the investment, the repayment of capital or any particular rate of capital or income return and past performance is not an indication of future performance.