Relatively stable cash flows from a high-quality portfolio of industrial and office park assets Solid market position and experienced property management team Satisfactory lease-maturity profile and high occupancy levels Exposure to cyclical real-estate-market conditions Gearing levels at the upper-end of target gearing policy, which limits financial flexibility Potential for increased exposure to property development over time The ratings on Goodman Australia Industrial Fund (GAIF), an unlisted Australia-based wholesale property trust, reflect our views of the fund's "satisfactory" business risk profile. The fund's relatively stable cash flow generation from a high-quality portfolio of industrial and office park assets relative to the industry average, solid lease-maturity profile; high occupancy levels; and a solid market position supported by an experienced property management team
