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SIR Secure Income Reit Plc

461.00
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Secure Income Reit Investors - SIR

Secure Income Reit Investors - SIR

Share Name Share Symbol Market Stock Type
Secure Income Reit Plc SIR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 461.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
461.00 461.00
more quote information »

Top Investor Posts

Top Posts
Posted at 21/7/2022 11:10 by income investor
Anyone else elected for Partial Cash Alternative? Hold shares in Interactive Investor account and still waiting for both LXI shares and cash to be credited to my account!
Posted at 14/1/2022 14:37 by spectoacc
Nothing in today's Investors Chronicle on SIR, fwiw.
Posted at 30/12/2021 10:43 by pyufak
I am slightly at odds with the crowd here. I am happy with today's announcement. I bought on the vaccine headlines a year ago after watching this REIT for a number of years and I still don't see a better selection of assets. If anything I will look to be buying more - I plan to hold for the very long term for a mix of inflation protection, asset price and income growth.

They had 180m cash to deploy; away from refinancing options to boost the dividend or a one off special dividend to return this to shareholders I was very uncertain what they could do with this money and was worried they may start paying premium prices for assets. This would seem like a good use of some of the funds (albeit the inflation cap is a tad annoying but I can understand why Merlin demanded this - the move to CPI would have happened anyway as RPI is retired towards the end of this decade).

Responding to the comment 'these changes don't help as most investors will be long gone or dead by then'. I politely disagree and personally feel that the more the management think very long terms and make secure income REIT look like a high quality, inflation linked bond paying ~4% real yield - the more pension fund and big asset management money will flow into this REIT. I actually think the REIT looks very cheap when compared to 30y UK inflation linked bonds which currently offer a -2.25% real return annually.
Posted at 30/12/2021 08:50 by tyranosaurus
What a stupid thing to do.
Will benefit the company from 20 years time, well after lots of investors have died of old age, if not from Covid.
Posted at 15/12/2021 15:45 by bondholder
December 15, 2021 5:00 am by Kate Duguid , Madison Darbyshire , Dervedia Thomas and Eric Platt in New YorkInvestors are piling into inflation-linked assets in a bet that consumer prices will continue to soar even as central banks gear up to tighten monetary policy after almost two years of pandemic stimulus.Inflation-protected government bonds, commodity funds and real estate investment trusts are among the products absorbing cash in a search for ways to preserve spending power
Posted at 27/7/2020 08:35 by bondholder
Accor eye a rebrand move on Travelodge UKThe Travelodge Owners Action Group, representing the majority of UK Travelodge landlords has set up AGO Hotels, exercising their break option from Travelodge following last month's CVA deal. The move to create AGO Hotels is in association with Accor.Accor made this move, recognising an opportunity to more than double its British and Irish portfolio by rebranding the majority of Travelodge hotels in the UK.Travelodge earlier this year adopted an aggressive strategy to force landlords into agreeing no rent for the second three months of 2020. A bitter row followed, and Travelodge placed itself into insolvency proceedings using a company voluntary arrangement.Landlords accused Travelodge of using the Covid-19 crisis as a thinly veiled excuse to realise cost reductions. US hedge funds that are major investors in Travelodge UK were cited as developers of a strategy designed to take advantage of the crisis, hoping wider events would mask it.The AGO Hotels structure has been tailored to the requirements of the Action Group landlords, who together represent over two thirds of Travelodge's entire UK portfolio.The AGO Hotels proposition includes:A brand partnership with the ibis family of hotels – the European market leader in the economy hotels sectorGenuine equity shares, so portfolio profits are redistributed back to landlordsNo re-valuing of property rents, so there is no possibility of reduced payments to landlords. Instead, base rents will be derived directly from Travelodge pre-CVA rents25-year FRI lease terms from AGO HotelsLandlords have now had an opportunity to discuss the details of the AGO Hotels offer on a series of calls with Viv Watts who co-ordinates the Action Group network and experienced hotelier Lionel Benjamin.Following the very positive response to the platform, chairman and chief executive officer of AccorHotels Sébastien Bazin will be hosting an introductory call with the Action Group next week.
Posted at 18/7/2020 08:28 by adae
A big chunk, but who's bought them? Glad to see the back of an investor as bad as Invesco.
Posted at 17/7/2020 10:59 by bondholder
Invesco UK fund outflows widen to £4bn as performance woes prompt investor exodusGood bye.
Posted at 22/6/2020 08:33 by adae
Hoping they maintain it, now there's some clarity over Travelodge. This is what they said last time:


"The board will continue to keep dividend payments under review, recognising the importance of maintaining a balance between retaining funds for opportunities should they arise, appropriate cash reserves given the uncertain duration of the pandemic and the desire of the company's investors to preserve their dividend income."
Posted at 19/6/2020 16:16 by adae
This is & has always been the key for me:

"The Company and its advisers are in preliminary discussions with alternative hotel operators with a view to establishing the best options for maximising shareholder value. There is a variety of different lease and partnership models employed by investors and hotel operators and the Company is assessing the potential for any of these to add incremental value over and above the existing lease arrangement with Travelodge."

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