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 Shares Traded Last Trade
  1.50 0.36% 419.50 298,847 16:35:26
Bid Price Offer Price High Price Low Price Open Price
421.00 422.00 426.50 417.50 418.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 121.66 -113.34 -35.10 1,359
Last Trade Time Trade Type Trade Size Trade Price Currency
17:33:26 O 584 420.875 GBX

Secure Income Reit (SIR) Latest News

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SIR is a large holding in the following funds:
 Fund  Percentage of Fund  Last Updated 
 CAPITAL GEARING TRUST P.L.C. 1.85% 2021-07-05

Secure Income Reit (SIR) Discussions and Chat

Secure Income Reit Forums and Chat

Date Time Title Posts
17/9/202114:50Secure Income REIT170
24/6/202015:15The bull view1
02/5/200717:58Sirius Financial Solutions - with charts4

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Secure Income Reit (SIR) Most Recent Trades

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Secure Income Reit (SIR) Top Chat Posts

Secure Income Reit Daily Update: Secure Income Reit Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker SIR. The last closing price for Secure Income Reit was 418p.
Secure Income Reit Plc has a 4 week average price of 391.50p and a 12 week average price of 377p.
The 1 year high share price is 426.50p while the 1 year low share price is currently 236.50p.
There are currently 324,035,146 shares in issue and the average daily traded volume is 438,560 shares. The market capitalisation of Secure Income Reit Plc is £1,359,327,437.47.
spectoacc: The sort of rent collection you'd expect from SIR: "99.9% of the £25.95 million of rent that fell due between 8 January 2021 and 7 April 2021 (which includes £0.1 million of back rent due on settlement of a rent review in the period) has been collected. Only 0.03% of the annualised gross rent roll is outstanding at the date of this announcement for the current and any prior rent due dates."
spectoacc: "The Company has £1.95 billion of gross property assets, £1.2 billion of net assets, £192 million of uncommitted and unfettered cash, structurally protected non-recourse debt, and very long leases on Key Operating Assets in defensive sectors and which are difficult to replicate. The approval and rapid rollout of vaccines in the UK and elsewhere are cause for cautious optimism that life will soon start to return to normal and allow our leisure and hospitality tenants to be able to resume trading. The Management Team invested a further £5.8 million of cash in their interests in SIR during the year and holds a 12.4% interest in the business. The team remains energised, committed and aligned with all shareholders."
spectoacc: SIR my 2nd largest REIT holding. Huge director ownership. Rock-solid assets (mostly), on long leases (eg Alton Towers). Decent rent collection. Travelodge problems hopefully over post-CVA. Income on the short side thanks to that, but with a clear path to reovery. Can't judge it against the likes of SLI, BREI, SREI etc, a different beast. If assume Boris's roadmap roughly holds, all of these should recover strongly IMO: [...] [Not sure why ADVFN blocking URLs, and this may not format:] Tenant Rent Merlin Entertainments Limited £35.4m Ramsay Health Care Limited £34.4m Travelodge Hotels Limited £28.3m SMG Europe Holdings Limited & SMG £4.0m Orpea SA £2.2m The Brewery on Chiswell Street Limited £3.4m Stonegate Pub Company Limited £2.2m Others £1.9m TOTAL £111.8m
sphere25: Flirting with REIT's alot recently. Continuing that theme with some notable buying coming in SIR today. Price is stuck in a tight range so straightforward to draw the breakout and stop levels. It looks like it needs a big clearout to break 316p on the upside but watching to see if these large buyers keep coming in. All imo DYOR
nickrl: Yeah even the Travelodge debacle might have some upside with staycations looking the only holiday option they may get a massive boost and the landlords could benefit from a share of the earnings thats built into the new lease arrangements.
bondholder: Talk of negative interest rates can't do any harm to the share price of a high yielding bond proxy.
adae: Excellent from SIR, have a lot of confidence in this management.
pyufak: Yes; well it might even be argued that the leisure businesses may hopefully get a bit of a post Covid boost for a year or two as people catch up. The biggest question I have is regarding the substantial cash pile. If we think SIR looks good value; management saying the same and that the leisure assets are 50% cheap to book valuation; with TraveLodge sites supported by bids (Sept presentation and Oct press release, 290p share price used for calc)... surely it makes sense they put some of their cash pile to work buying back shares. They’ve said previously they’re keeping the cash for opportunities ... buying 66% of my existing portfolio at a 50% discount with 3 vaccines on the way sounds pretty appealing to me from most stakeholders perspectives.
pyufak: Vaccine a massive positive for me with this one. The most recent presentation broke down the investment case incredibly well. Assuming flat valuation for the hospitals (which I think fair given the backdrop) then off the current share price you're buying the leisure portfolio @ 50% discount which looks attractive given the news flow since the presenation
rambutan2: The eminent Peter Spiller says: Within the risk asset portfolio, the period was dominated by an unusual number of large primary and secondary placings. This activity was concentrated in alternative property (“sheds and beds”) and renewable infrastructure. Earlier in this report we lay out some of our thinking as to attractions of these types of assets. The single most exciting secondary placing was in Secure Income REIT plc (SIR) which occurred in July. Notwithstanding the name, this vehicle has had a torrid crisis due to its position as a major landlord to, amongst other tenants, Travelodge and Merlin Enter- tainments (Legoland, Alton Towers, Warwick Castle etc). These underlying tenants have experienced severe short term impacts from the Covid crisis. This challenging backdrop was exacerbated by a weak market dynamic as a large institution, widely considered to be a forced seller, struggled to build a book in a secondary placing process. Unsurprisingly the share price was very weak. (Me, just a reminder. Invesco were the seller of an 8.95% stake on 15-16/07 and everything went through at between 255 and 256p) So what is it about this opportunity that is attractive? Firstly an excellent management team who we trust to guide SIR through the Covid crisis. Secondly, a port- folio containing irreplaceable and strategically valuable properties. Thirdly, and most importantly, compelling value. The Company acquired its holding at a price barely higher than the combined value of SIR’s cash and its portfolio of private hospitals (which are trading extremely well). We are always excited to find opportunities with significant upside if we are lucky and limited downside if we are wrong. This holding is now the second largest in the property portfolio and is a top ten equity holding. htTp://www.cgasset.com/~/media/Files/C/CGAM/Monthly%20Factsheets/September%202020%20Q3/CGT%20-%20Quarterly%20-%20Sept%202020.pdf
Secure Income Reit share price data is direct from the London Stock Exchange
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