Secure Income REIT PLC Notice of Results (0262A)
January 16 2020 - 4:42AM
UK Regulatory
TIDMSIR
RNS Number : 0262A
Secure Income REIT PLC
16 January 2020
16 January 2020
Secure Income REIT Plc
Notice of Results
Secure Income REIT Plc, the specialist long term income REIT,
will announce its preliminary results for the year ended 31
December 2019 on Thursday,12 March 2020.
A presentation for investors and analysts will be held at 9.00am
on that day. Those wishing to attend should contact FTI Consulting
on the details below.
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 +44 20 7710 7600
(Nominated Adviser) stifelsecureincomereit@stifel.com
Stewart Wallace
FTI Consulting +44 20 3727 1000
Dido Laurimore SecureIncomeREIT@fticonsulting.com
Claire Turvey
Eve Kirmatzis
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 30 June 2019, the Group's investment property portfolio
(adjusted for the sale of eight hospitals after the balance sheet
date) was valued at GBP2.1 billion, producing GBP111.1 million per
annum of rental income from long term leases with a weighted
average unexpired term to expiry of 21.5 years with no breaks. All
rental income is subject to fixed uplifts or RPI upwards only rent
reviews with 59% of rental income subject to RPI-linked reviews and
41% having fixed uplifts.
The Group's portfolio comprises 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 Partners
Limited, owned by the team which advised Max Property Group plc
until August 2014, when all of the assets of Max Property Group plc
were sold to Blackstone Group. Prestbury is owned and run by a team
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 together with
three further independent Directors: Leslie Ferrar, Jonathan Lane
and Ian Marcus, as well as three members of the Prestbury Team:
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 rns@lseg.com or visit www.rns.com.
END
NORKQLBFBFLZBBF
(END) Dow Jones Newswires
January 16, 2020 04:42 ET (09:42 GMT)
Secure Income Reit (LSE:SIR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Secure Income Reit (LSE:SIR)
Historical Stock Chart
From Jul 2023 to Jul 2024