Data management specialist Recall Holdings is considering listing in the US as a property trust.
The company’s chief executive Doug Pertz has told shareholders at the company’s annual general meeting that Recall is exploring the costs and benefits of converting its operations to a different corporate structure.
Recall’s largest data management and storage competitor Iron Mountain recently listed as a real estate investment trust (REIT) in the US.
US REITs must earn most of their money through rent and give the bulk of it back in dividends, with incentives being to diversify and increase a company’s investor base and avoid paying some corporate tax.
Such a move would also help the company achieve growth, which it has been chasing since being demerged from ASX giant Brambles nearly a year ago.
The five acquisitions it has completed since July 1 would add about $8 million of revenue in 2014/15, Mr Pertz said.
Revenue growth this year would be approaching high single digits. Earnings before interest tax, depreciation and amortisation was expected to be more than $8 million higher and at least $75 million.
Recall also said it had increased its syndicated loan agreement from $800 million to $1.05 billion.