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DRIP Drum Income Plus Reit Plc

50.00
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Drum Income Plus Reit Plc LSE:DRIP London Ordinary Share GB00BW4NWS02 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 50.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Drum Income Plus REIT PLC Update research from QuotedData

16/05/2017 1:24pm

RNS Non-Regulatory


TIDMDRIP

Drum Income Plus REIT PLC

16 May 2017

Drum Income Plus REIT - Update research from QuotedData

16(th) May 2017

Delivering on promises

DRUM Income Plus REIT (DRIP) focuses on acquiring properties overlooked by large institutional and overseas buyers (smaller lot sizes, multi-let). It provided an NAV total return of 2.4% in Q1 2017 (1.6% of which related to income and 0.8% to capital). Its most recent acquisitions (the latest, Kew Retail Park, was announced on 11 May) were, the manager thinks, made at particularly attractive net initial yields and the manager is engaged in a number of asset management initiatives with the aim of further improving income from the portfolio. DRIP recently issued some shares; it remains small, but still has a strong desire to grow, with the aims of increasing its cost efficiency and liquidity.

Full research:

http://quoteddata.com/2017/05/drum-income-plus-reit-delivering-on-promises/

This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on many quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.

NB: Marten & Co was paid to produce this note by Drum Income Plus REIT and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors.

QUOTEDDATA

123a Kings Road | London SW3 4PL

Tel: +44 (0) 20 3691 9430

www.quoteddata.com | research@quoteddata.com | www.martenandco.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRAUNUURBUAVAAR

(END) Dow Jones Newswires

May 16, 2017 08:24 ET (12:24 GMT)

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