Investment Strategy

Through experience gained over more than a decade of managing infrastructure assets, Hastings has established five key elements of our investment and portfolio management approach.

Disciplined acquisitions

Hastings believes assets should be acquired under the right terms and conditions using the strictest disciplines. The Hastings approach to asset acquisition is extremely stringent and based around the principle of only acquiring assets that enhance long-term value for investors.

Growth strategy

Hastings actively manages its funds and assets to ensure long-term value (both capital growth and cash flows) from the operation of the business. Hastings seeks out appropriate growth opportunities, both organically and through acquisition, to help deliver increasing investment value to investors.

Conservative gearing

Hastings employs a prudent approach to the use of gearing (debt). The assets in the various portfolios are conservatively geared and the funds enjoy adequate and appropriate levels of cash to provide interest cover in case of any significant external economic shock. Whilst appropriate refinancing is considered part of normal business operations, Hastings ensures that each asset, within any portfolio, strikes an appropriate balance between return and risk.

Distributions paid from operating cash flows

Hastings funds aim to pay distributions out of operating cash flows. Hastings funds do not borrow to pay distributions, it uses the cash generated by the assets to pay increasing distributions.

Complementary partnerships

Hastings seeks out business and operating partners with complementary skill sets to help increase investment value for investors, for instance, in Hastings' airport portfolio it works in partnerships with HOCHTIEF AirPort Capital. Hastings believes that these strategic partnerships are a key competitive advantage and provide significant value to investors.