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SIR Secure Income Reit Plc

461.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Secure Income Reit Plc LSE:SIR London Ordinary Share GB00BLMQ9L68 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% 461.00 461.00 461.50 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Secure Income REIT PLC Quarterly Dividend Declaration (7933V)

26/07/2018 7:02am

UK Regulatory


Secure Income Reit (LSE:SIR)
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TIDMSIR

RNS Number : 7933V

Secure Income REIT PLC

26 July 2018

26 July 2018

Secure Income REIT Plc

(the "Company")

Quarterly Dividend Declaration

The Board of Secure Income REIT Plc (AIM: SIR), the specialist long term income REIT, today declares an interim dividend in respect of the year ended 31 December 2018. A dividend of 3.9325 pence per Ordinary Share will be payable on 31 August 2018 to shareholders on the register on 3 August 2018. The ex-dividend date will be 2 August 2018.

The dividend will be paid as a Property Income Distribution in respect of the Company's tax exempt property rental business.

The Company's half year results for the six months ending 30 June 2018 are expected to be announced on Friday, 7 September 2018.

For further information on the Company, please contact:

 
 Secure Income REIT Plc                             +44 20 7647 7647 
 Sandy Gumm                         enquiries@SecureIncomeREIT.co.uk 
 
 
 Stifel Nicolaus Europe Limited 
  (Nominated Adviser)                               +44 20 7710 7600 
 David Arch                        stifelsecureincomereit@stifel.com 
 Tom Yeadon 
 
 Newgate 
  (PR Adviser)                                      +44 20 7680 6550 
  James Benjamin                                sir@newgatecomms.com 
  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.

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 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

Dividend withholding tax deductions

Shareholders entitled to elect to receive distributions without deduction for withholding tax should complete the declaration form which is available in the Investor Centre of the Company's website, www.SecureIncomeREIT.co.uk or by request to Enquiries@SecureIncomeREIT.co.uk or by writing to the Company Secretary, Secure Income REIT Plc, Cavendish House, 18 Cavendish Square, London W1G 0PJ. Shareholders who qualify for gross payments are, principally, UK resident companies, certain UK public bodies, UK charities, UK pension schemes and the managers of ISAs, PEPs and Child Trust Funds, in each case subject to certain conditions. Individuals and non-UK residents do not qualify for gross payments of distributions and should not complete the declaration form.

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 rns@lseg.com or visit www.rns.com.

END

DIVEAXXSAEXPEFF

(END) Dow Jones Newswires

July 26, 2018 02:02 ET (06:02 GMT)

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