As a long term investor, sustainability is at the heart of our approach to investing in listed infrastructure. All our investments must align with a Paris-target maximum 2° c warming pathway. We only invest in assets that will thrive in a zero emissions by 2050 scenario.
URSULA TONKIN
Head of Infrastructure Listed Strategies

Investing in listed Infrastructure

24 years of infrastructure expertise

PATRIZIA Infrastructure’s listed infrastructure portfolios provide investors with a diversified portfolio of quality listed infrastructure investments.

Investment in listed infrastructure is offered through customised portfolios designed to complement our client’s unlisted real assets holdings.

Listed Infrastructure Investment

PATRIZIA’s listed infrastructure strategy is designed to provide a defensive equity exposure which provides a cash yield and downside protection.

Fundamental to this is the definition of what constitutes ‘core’ infrastructure.  Each stock is assessed against the same core infrastructure criteria that we use to assess infrastructure in private markets. Specifically, financial and operating data is reviewed to establish whether: 

  • The assets generate stable operating cash flows 
  • The company has high margins and high capital costs 
  • The earnings have an inflation hedge 
  • The company has monopoly characteristics 

We then apply stringent quality screens, designed to ensure that each infrastructure company has a strong track record of consistent free cash flow generation and a sustainable balance sheet. The best value stocks are then selected for the portfolio, subject to review of the risk profile of each stock, and review of the resulting sector and risk factor portfolio exposures. Risk factors include regulatory risk, credit market risk and carbon risk, amongst others.

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At PATRIZIA, we make a deal with people that captures everything we stand for, pulls us together as a team and sets us apart from others.

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Canberra
PATRIZIA Pty Ltd
Level 1, 39 Brisbane Avenue
ACT 2600 Canberra
Canberra, Australia

Ursula Tonkin

Head of Infrastructure Listed Strategies