My very primitive understanding of their debt profile is that very little of it matures until FY25 with the bulk occurring in FY27. See H1 results presentation.
It also appears from their annual report that the debt instruments are approximately 50/50 floating/fixed. Throw in interest rate swaps (something that is beyond my comprehension) and this floating rate exposure falls below 50%. Strangely, it appears that these swaps translate into a net positive for every 0.1% increase in interest rates (sensitivity analysis; all else being equal). See p.59 of Annual report 2021.
I think I also read in the fine print somewhere (can't remember where) that rents are revised (fixed and CPI) in the first half of the year (I'm guessing financial), which should translate to a healthy bump in rental returns for the coming FY.
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