PowerPoint Presentation · Atrium II Life Plaza McFarlane Tower Northland Building ... Suburban...

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Transcript of PowerPoint Presentation · Atrium II Life Plaza McFarlane Tower Northland Building ... Suburban...

Page 1: PowerPoint Presentation · Atrium II Life Plaza McFarlane Tower Northland Building ... Suburban Modernization Sussex Centre 33 Case Study Suburban Modernization Sussex Centre ...

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-

2,000,000

4,000,000

6,000,000

8,000,000

1 0,000,000

1 2,000,000

2015 2016 2017 2018 2019 2020+

Expiries of tenants > 1 00k sf Expiries of tenants < 1 00k sf

*

GLA

(sf

)

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0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

2015 2016 2017 2018 2019 2020+

Calgary Downtown Calgary Suburban Edmonton Downtown Edmonton Suburban

* - net of commitments

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86%

88%

90%

92%

94%

96%

98%

100%

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Q2/15

Net Absorption1.4 M sq. ft.

Development Pipeline

22.3 M sq. ft.

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30%

35%

40%

45%

50%

55%

60%

65%

7 0%

Q4/08 Q2/1 5

Reported Debt/GBV

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$1.50

$1.70

$1.90

$2.10

$2.30

$2.50

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

$4,500

$5,000

$5,500

$6,000

$6,500

$7,000

$7,500

$8,000

Dec-03 Dec-04 Dec-05 Dec-06 Aug-07 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Jun-15

Book Value

Historical AFFO Per Unit

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Downtown Toronto

Scotia Plaza

Adelaide Place

36 Toronto Street

10 King Street E 80 Richmond St W

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3

4

5

6

7

25

16

18

8

26

1320

9

12

10

17

14

22

2411

2123

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Suburb?

Suburb?

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Calgary CBD

441 5th AvenueAtrium II Life Plaza

McFarlane Tower Northland Building

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4.0%

4.4% 4.4%

3.9%

3.3%

4.4%

5.2%

4.2%

4.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

5.5%

0

100

200

300

400

500

600

700

800

2015 2016 2017 2018 2019 2020 2021 2022 2023+

Unsecured Secured Weighted Average Face Rate

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Price as of October 2nd, 2015

Source: SNL Financial (Consensus data used for AFFO, NAV, NAV Cap estimates), BMO Capital Markets

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Case Study

Suburban Modernization

Sussex Centre

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Case Study

Suburban Modernization

Sussex Centre

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Case Study

Suburban Modernization

Sussex Centre

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Case Study

Suburban Modernization

Sussex Centre

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Case Study

Suburban Modernization

Sussex Centre

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