MACQUARIE DDR TRUST Audio Webcast

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MACQUARIE DDR TRUST (MDT)

ASX code: MDT
Website: http://www.macquarie.com.au/mdt
Industry: Real Estate

Principal Activities:
Acquisition and management of community shopping centres in the United States of America.

Address:
No.1 Martin Place, Mezzanine Level, Macquarie DDR Management Limited,
SYDNEY
NSW

Phone: (02) 8232 6635
Fax: (02) 8232 6510

Executives & Directors

Mr Richard Sheppard , Chairman, Director
Mr Stephen Girdis , Director
Mr Daniel Hurwitz , Director
Mr Simon Jones , Director
Mr David J Oakes , Director
Mr Scott Wolstein , Director
Mr Steven Guttman , Independent Director
Mr Robert Joss , Independent Director
Mr David Spruell , Independent Director
Ms Joan Allgood , Alternate Director
Mr John Wright , Alternate Director
Ms Natalie Allen , Company Secretary
Mr John Wright , Company Secretary

Company Podcasts

Subscribe to current and future audio events for MDT Podcast of events for MACQUARIE DDR TRUST

Company ASX Announcements

Company ASX announcements can be viewed on the ASX website.
Announcements from the preceding six months are shown below.

Please refer to the relevant stock exchange if any of the above information is incorrect

MACQUARIE DDR TRUST (MDT) Events

Company (Stock Code) Date/Time Event Timezone:
Icon_timezone Australia/Sydney
Mr Luke Petherbridge Thu, 18 Feb 2010
5:45pm
MDT - Half Year Results Overview, Luke Petherbridge, Chief Executive Officer Listen to this event
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Luke Petherbridge and David Oakes Thu, 18 Feb 2010
11:00am
Macquarie DDR Trust Half Year Results Presentation Listen to this event
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Richard Sheppard; Luke Petherbridge and David Oakes Mon, 14 Dec 2009
10:30am
2009 Unitholder Briefing Presentation - Mr Richard Sheppard, Chairman; Mr Luke Petherbridge, Chief Executive Officer and Mr David Oakes, Chief Investment Officer, DDR Listen to this event
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Mr Luke Petherbridge Wed, 18 Nov 2009
4:25pm
Macquarie DDR Extends CMBS Debt Facility - Mr Luke Petherbridge, Chief Executive Officer Listen to this event
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Mr Luke Petherbridge Mon, 19 Oct 2009
5:15pm
General Meeting Outcomes and Trust Update - Mr Luke Petherbridge, Chief Executive Officer Listen to this event
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Mr Richard Sheppard Mon, 19 Oct 2009
5:00pm
General Meeting Presentation - Mr Richard Sheppard, Chairman, Director and Mr Luke Petherbridge, Chief Executive Officer Listen to this event
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Mr Luke Petherbridge Fri, 21 Aug 2009
4:45pm
Full Year Results Overview - Mr Luke Petherbridge, Chief Executive Officer Listen to this event
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Mr Luke Petherbridge Fri, 21 Aug 2009
11:00am
Macquarie DDR Trust Full Year Results Presentation - Mr Luke Petherbridge, CEO Listen to this event
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Mr Luke Petherbridge Fri, 20 Feb 2009
1:30pm
MDT - Half Year Results Overview - Mr Luke Petherbridge, CEO Listen to this event
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Mr Luke Petherbridge Fri, 24 Oct 2008
1:30pm
MDT - Operational Update - Mr Luke Petherbridge, CEO Listen to this event
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Mr Luke Petherbridge Fri, 29 Aug 2008
10:30am
MDT - 2008 Full Year Results Summary - Mr Luke Petherbridge, CEO Listen to this event
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Mr Luke Petherbridge Wed, 7 May 2008
12:45pm
MDT - March Quarter Leasing Update - Mr Luke Petherbridge, General Manager Listen to this event
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Mr Simon Jones Mon, 18 Feb 2008
11:45am
MDT - Interim Results end 31st December 2007 - Mr Simon Jones, Acting CEO Listen to this event
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Thu, 18 Feb 2010 Interim Results
Fri, 21 Aug 2009 Full Year Results
Fri, 20 Feb 2009
8:00am
Interim Results
Tue, 9 Dec 2008
11:00pm
Annual General Meeting
Thu, 28 Aug 2008
9:00am
Full Year Results
Thu, 28 Aug 2008 Date Payable
Mon, 30 Jun 2008 Record Date
Tue, 24 Jun 2008 Ex Div Date
Wed, 30 Apr 2008 Date Payable
Sun, 30 Mar 2008
11:00pm
Record Date
Mon, 24 Mar 2008
11:00pm
Ex Div Date
Thu, 14 Feb 2008
11:00pm
Date Payable
Sun, 30 Dec 2007
11:00pm
Record Date
Thu, 20 Dec 2007
11:00pm
Ex Div Date
Tue, 11 Dec 2007
2:00pm
Annual General Meeting
Macquarie Auditorium, Level 3, No 1 Martin Place Sydney NSW 2000
Tue, 30 Oct 2007
11:00pm
Date Payable
Fri, 28 Sep 2007 Record Date
Mon, 24 Sep 2007 Ex Div Date
Fri, 24 Aug 2007 Date Payable
Fri, 24 Aug 2007 Full Year Results
Icon_nextIcon_last Displaying 1-20 of 57 events

MACQUARIE DDR TRUST (MDT)

Board Changes Fri, 19 Mar 2010
Ceasing to be a substantial holder Fri, 19 Mar 2010
Becoming a substantial holder Fri, 12 Mar 2010
Change in substantial holding Tue, 9 Mar 2010
SandP Announces March SP/ASX Index Rebalance Fri, 5 Mar 2010
Debt Update Fri, 5 Mar 2010
Change in substantial holding Mon, 1 Mar 2010
Half Year Results - USD Supplementary Information Thu, 18 Feb 2010
Half Year Results - Media Release Thu, 18 Feb 2010
Half Year Results - Presentation Thu, 18 Feb 2010

Please note: This company appears on this website as a result of its listing on the Australian Securities Exchange. Boardroom Radio does not claim any association with any company listed on this site.

INTERVIEW WITH LUKE PETHERBRIDGE, CHIEF EXECUTIVE OFFICER OF MACQUARIE DDR TRUST (MDT)

“Full Year Results”

http://www.brr.com.au/event/50462

 

FRIDAY, AUGUST 29, 2008, 10:30 AM.

 

            BRR    Today, Boardroom Radio speaks to Macquarie DDR Trust. The Macquarie DDR Trust is the leading listed property trust focused on attracting discount

10                    retailers, offering value and convenient  shopping in the United States. Talking with us today about the Group’s full year results to the 30th June 2008 is Macquarie DDR’s recently appointed Chief Executive Officer, Luke Petherbridge. Luke, thanks very much for joining us.

            MDT    You’re welcome.

15

            BRR    Luke, firstly can you tell us about the Trust’s key highlights over the past 12 months, please?

            MDT    Absolutely, the key highlights have really been driven by leveraging of the solid underlying fundamentals of the Trust’s high quality portfolio. Net

20                    property income was $141 million, up 0.8%, year-on-year. Distributable earnings of $91.2 million, which resulted in 9.81 cents per unit, and that was really built up an overall Leased Rate of 96.7%. The income security is driven highly by the 7-year weighted average lease term.

 

25        BRR    Now Luke, could you also outline the key capital management activities undertaken by the Trust in the past 12 months?

            MDT    Absolutely. As pointed out in the half yearly results, we have really been focusing on securing the trust balancing. We’ve made good progress in this area, refinancing $340.5 million early. We’ve improved the Head Trust

30                    covenants from 60% to 65% which provides greater buffer. As we’ve outlined, we’re progressing with asset sales, which all in all has put the Trust on a stronger footing.

 

            BRR    And then could you provide us an overview, please, of the Trust portfolio

35                    performance.

            MDT    The performance has been good in the current environment. It reflects the high quality portfolio and the diversified tenant mix, with the focus towards discount retailers. The lease rate is down marginally to a healthy 96.7% and operations have been strong, releasing almost a million square feet, which is

40                    about 6% of the portfolio and receiving with that leasing and upward rental reversion of around 9.2% throughout the year.

 

            BRR    Is there any further news regarding Mervyns, and can you provide more details regarding the letter of credit?

45        MDT    Sure. Mervyns, as we announced, has entered Chapter 11 protection to restructure their business. To date, they are currently paying rent on all their locations and they’ve announced that they are looking to close potentially 26 out of their 176 stores, of which eight are included in the MDT portfolio, representing about 2% of their overall annual base rate. Part of the deal was we had a letter of credit for about $25 million which provides protection and potential support for retainers in costs.

 

            BRR    And finally, Luke, why is the Trust reviewing its distribution policy and what is

5                      the impact on future distribution payments?

            MDT    We review all our policies on a regular basis and that we believe it’s prudent in the current capital constrained environment to review the distribution policy and work off cash flow. We’ve set the distributions to a sustainable level that provides a platform for future growth.

10

            BRR    Luke, thanks very much for spending the time and updating our listeners on the Macquarie DDR Trust. Good luck in your new role and we look forward to continue to further developments.

            MDT    Thank you very much for you time.

15

            BRR    That’s been Luke Petherbridge, the Chief Executive Officer of Macquarie DDR Trust speaking to us on Boardroom Radio.

 

INTERVIEW CONCLUDED

 

 

 

 

Contact brr@brr.com.au for more information

 

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