Ann: Full Year Results Presentation to 31 December 2017, page-2

A pretty solid result overall, with weighted-average revenue growth of +3.9% and weighted-average EBITDA growth of +4.8% for the asset portfolio.

The +20% YoY increase in distribution guidance for 2018 is nice to see, but the real boost will most likely occur in 2019, with the full benefit of the Eiffarie interest rate swap expiring, as well as a possible initial distribution from the Dulles Greenway.

At today’s price, and given the nature of the underlying businesses, it looks like a very compelling risk-adjusted real yield proposition to me.

IMHO & DYOR