But given the volatility it is creating in the value of the pound, it could affect financing costs for overseas investors or those using higher leverage, which will force them to look at different options.
If you have a high cost of debt it means it is going to have a bigger impact on you,” Cortland Chief Investment Officer Andrew Screen said. “Net yields on UK BTR are around 4%, and if you are geared at 60-70% then your cost of debt can be 4-5%, so all of your income is going to service your debt. If you are exposed to interest rate fluctuations or you are highly geared then you are in a more difficult position.” Screen said Cortland typically borrows in the long-term fixed-rate debt market, for 40 years or more, and volatility creates opportunities for the company and other long-term investors...
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Cortland is not aware of the criteria on which the awards referenced in this presentation are based nor, the number of advisors surveyed for either award referenced. Cortland did not pay a fee to receive a workplace or size ranking. These rankings are not indicative of Cortland's future performance.
This press release may contain forward-looking statements. The opinions, forecasts, projections, or other statements, other than statements of historical fact, are forward-looking statements. You are cautions not to unduly rely on these forward-looking statements. Due to various risks and uncertainties, actual events or results or the actual performance may differ materially from those reflected or contemplated in such forward-looking statements. Nothing contained in this presentation may be relied upon as a guarantee, promise, assurance or representation as to the future. These for looking statements have not been reviewed by anyone outside of Cortland, and while Cortland believes the statements are reasonable, they do involve a number of assumptions, risks and uncertainties. Unless required by law, Cortland undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to Report the occurrence of unanticipated events. Cortland's past and current performance are not indicative of future results, and no representation is made that any Cortland investment will achieve its objectives or that any Cortland strategy will be successful. This press release is not personalized investment advice or an investment recommendation from Cortland.