Secure Income REIT PLC Notice of Results (9502X)

TIDMSIR

RNS Number : 9502X

Secure Income REIT PLC

16 August 2018

16 August 2018

Secure Income REIT Plc

(the "Company")

NOTICE OF HALF YEAR RESULTS

Secure Income REIT Plc (AIM: SIR), the specialist long term income REIT, will announce its half year results for the six months ended 30 June 2018 on Friday, 7 September 2018.

A Company presentation for investors and analysts will be held at 9.30am on the day at the offices of Newgate Communications, Sky Light City Tower, 50 Basinghall Street, EC2V 5DE. The presentation will also be accessible via a live conference call and on-demand via the Company website: http://secureincomereit.co.uk/investor-centre/

Those wishing to attend the presentation or access the live conference call are kindly asked to contact Newgate on [e-mail] or by telephone on [phone].

For further information on the Company, please contact:

 
 Secure Income REIT Plc                             [phone] 
 Sandy Gumm                         [e-mail] 
 
 
 Stifel Nicolaus Europe Limited 
  (Nominated Adviser)                               [phone] 
 David Arch                        [e-mail] 
 Tom Yeadon 
 
 Newgate 
  (PR Adviser)                                      [phone] 
  James Benjamin                                [e-mail] 
  Anna Geffert 
 
 

About Secure Income REIT Plc

Secure Income REIT specialises in generating long term, inflation protected, secure income from real estate investments. Its investment strategy is designed to satisfy investors' growing requirements for high quality, safe, inflation protected income flows.

At 31 December 2017, the Company's investment property portfolio was valued at GBP1.77 billion, producing GBP95.7 million per annum of rental income from long term leases with a weighted average unexpired term to expiry of over 22 years. All rental income is subject to fixed or RPI upwards only rent reviews.

On 9 March 2018, the Company exchanged contracts to acquire two off-market portfolios at a total cost of GBP436 million. The acquisitions include Manchester Arena, the UK's largest indoor entertainment arena, 76 Travelodge hotels and The Brewery on Chiswell Street, the largest catered event space in the City of London. To finance the acquisitions, the Company successfully raised gross proceeds of GBP315.5 million in a significantly oversubscribed placing of 86,438,000 ordinary shares, completing the placing over a week earlier than planned following strong investor demand. New secured non-recourse debt facilities of c. GBP128.7 million at c.30% loan to cost have also been drawn to part finance the acquisitions.

Following completion of the acquisitions, the Group owns approximately GBP2.2 billion of investment property with a weighted average unexpired lease term of some 22 years. The acquisitions further diversify the Group's resilient portfolio of key operating assets let to strong businesses in defensive sectors with high barriers to entry. The RPI linked rent reviews and fixed rental uplifts combine with largely fixed cost debt to drive healthy dividend growth, creating attractive and predictable returns.

The Company is advised by Prestbury Investments LLP which was adviser to Max Property Group plc until August 2014, when all of the assets of Max Property Group plc were sold to Blackstone Group. Prestbury Investments LLP is a partnership of real estate and finance professionals including Nick Leslau, Mike Brown, Tim Evans, Ben Walford and Sandy Gumm.

The Company's Board is chaired by Martin Moore and also comprises three further independent Directors in Leslie Ferrar, Jonathan Lane and Ian Marcus, as well as three members of the Prestbury Team in Nick Leslau, Mike Brown and Sandy Gumm.

The Company is a UK REIT which floated on the AIM market of the London Stock Exchange in June 2014.

The Company's LEI is: 213800M1VI451RU17H40

Further information on Secure Income REIT is available at: www.SecureIncomeREIT.co.uk

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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August 16, 2018 02:01 ET (06:01 GMT)