Company website Objective To provide shareholders with an attractive level of income and capital growth from investing in residential asset classes that comprise the stock of registered UK social housing providers, Housing Associations and Local Authorities. The Board of Secure Income REIT Plc, the specialist long term income REIT, today declares an interim quarterly dividend of 3.65 pence per share in respect of the year ending 31 December 2020. Now their income has collapsed. A subsidiary of TradeRisks Limited, part of the Gresham House Group . Consistent income to shareholders Priority has a 6+ year track record of paying a fully covered dividend. “Secure Income REIT held uncommitted cash of £220m and a net loan to value ratio of 35.3% as at June 2020 with robust ‘shock absorbing’ debt covenants. Senior secured loans Priority Income Fund invests in pools of 1st lien, senior secured loans to large U.S. companies. The latest fund information for Secure Income Reit PLC Ord 10P Reg S, including fund prices, fund performance, ratings, analysis, asset allocation, ratios & fund manager information. NPI and distributable income beat by 7.8% and 16.1% respectively as compared to IPO prospectus forecast mainly due to contributions from Park Tower, which was acquired in February 2020. It has a market capitalisation of £1,134m, with approximately 324m shares in issue. It did not accept the proposal but said it had offered support to Travelodge “which we believe to be proportionate and consistent with the approach accepted by other tenants in our portfolio”. OUR VISION. Since 1996, Secured Income Group Accounts Earn Market Like Returns Without The Volatility. SECURE INCOME REIT PLC. Please review our, You need to be a subscriber to join the conversation. About Us. Secure Income REIT will not terminate Travelodge’s lease at its 123 sites (which it had the right to do as part of the terms of the hotel chain’s CVA) after running a sales process of the portfolio and attempting to re-let them. Questor is sorry to see Ms Macdonald go but believes that the trust will remain well managed. This website is for information purposes only and is not intended to encourage the reader to deal in the security or securities mentioned. 1 Wall Street analysts have issued ratings and price targets for Secure Income REIT in the last 12 months. The next Secure Income REIT Plc dividend went ex 13 days ago for 3.65p and will be paid in 23 days. Progress on growing secure income streams and full income generation on shared ownership assets within a diverse portfolio delivering significant social benefit. View recent trades and share price information for Secure Income REIT plc (SIR) Ordinary 10p We rely on advertising to help fund our award-winning journalism. Performance Review. Unfortunately the execution has been thrown off course by the coronavirus crisis. Secure Income REIT's Dividends . Despite this, Secure Income Reit has not so far reduced its dividend: it declared a 4.2p quarterly payment, its usual amount, last month. Repayment in full is expected in September next year, to coincide with the tenants’ “maximum liquidity position”. Secure Income REIT Plc ("SIR") is a specialist UK REIT, investing in real estate assets that provide long term rental income with inflation protection. “Seventy-four per cent of all rents due for the March quarter have been received,” Secure Income told investors on April 23. We list all the recent dividend announcements and dividend yields from LON:SIR where possible. Priority currently pays a 9.97% annualized distribution paid monthly. London Stock Exchange. We are very alert to the challenges facing the industry but, with our hotels held at close to vacant possession value and with rents reverting to 70% of the previous full contracted amounts in 2021 and the full amount by January 2022, we believe that provided sufficient capital is made available, Travelodge should benefit materially as the economy recovers, as should Secure Income REIT from any consequential yield compression. Residential Secure Income plc. Rewards. Accordingly we will hold on to the shares. The shares, not surprisingly, are lower than when we tipped them, by 36pc. The company ran a sales process on the Travelodge portfolio, which represents around 19.6% of the company’s portfolio value of £1.96bn as at 30 June 2020, and said it received multiple bids supporting the 30 June 2020 valuation. Due to data protection policies, USA residents can not access our data. Residential Secure Income REIT. Their average twelve-month price target is GBX 444 The high price target for SIR is GBX 444 and the low price target for SIR is GBX 444. Whilst there are clearly major hurdles ahead to jump over in the coming months, we take encouragement from the sense that we are more likely to be closer to the end of the pandemic than the start.”, SIR : Secure Income REIT to stick with Travelodge, Your email address will not be published. For Secure Income Reit, the figure is an eye-catching 10.1%. Secure Income Reit News Headlines. A few days earlier it had told the market that discussions with the hotel chain had been taking place for a number of weeks but that, in the absence of proposals concerning rental payments, had “reluctantly initiated actions to recover this debt”. The concept was excellent: an investment trust that would focus on income from the most secure of sources. About Secure Income REIT Plc. Our own dividends should therefore be maintained or perhaps subjected to only minor reductions. Overview Performance Charges & gearing Portfolio Management Structure Data as at: 04/03/2021. A further condition for a REIT is a listing in a recognised exchange, such as the London Stock Exchange. With Higher Interest Than a CD and Terms as short as 6 Months. Under the terms of the CVA, in 2021 Secure Income REIT is due to receive £19.8m of rent (70% of previous level) from Travelodge and in January 2022 the rents will revert to the full contracted level. Results, regulatory news and key financial data; Properties. In normal times it is a profitable business and it has deep-pocketed shareholders in Goldman Sachs, GoldenTree and Avenue Capital, two American asset managers. Secure Income REIT General Information Description. Secure Income REIT PLC is a specialist UK Real Estate Investment Trust, investing in real estate assets that provide long-term rental income with upwards only inflation protection. Completed the acquisition of 59 shared ownership units at Clapham Park. “The only rents now outstanding are those due from Travelodge.”. 07/09/2020 | 08:45 *: *: * L´entreprise publiera ses résultats du S1 2020 le 10/09/2020. Hence we expect Secure Income to receive much or all of the rent it is due from Travelodge, although in all likelihood with some delay. The three biggest were, and remain, an estate of Travelodge hotels, some theme parks such as Alton Towers and a number of private hospitals. Prime US REIT Review @ 19 February 2021 Vince Friday, February 19, ... Prime US REIT (PRIME) is a pure office REIT with 12 properties in U.S. Read more. Secure Income Reit Plc Ord 10P is listed on the London Stock Exchange, trading with ticker code SIR. London Stock Exchange plc is not responsible for and does not check content on this Website. However, it said none of these offers reflected the potential for value recovery once the pandemic had subsided and consequently did not pursue this option. High Return on Equity (compared to peers) - the measure of a company making good profits from its assets. The company’s portfolio will provide an effective hedge in low inflationary environments through the provision of a collar on annual inflation linked rent reviews in the vast majority of leases, meaning that rental growth will be protected should inflation drop below the collar. Questor share tip: until Covid-19 struck, its tenants in hotels and theme parks looked rock-solid. Its trading trajectory in the months following national lockdown illustrates how the best operators in the budget hotels sector should be the first to recover once the pandemic subsides.