Secure Income REIT PLC Notice of Results (9502X)
August 16 2018 - 2:01AM
UK Regulatory
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
sir@newgatecomms.com or by telephone on +44 (0) 20 7680 6550.
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 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 rns@lseg.com or visit www.rns.com.
END
NORDELFFVVFZBBE
(END) Dow Jones Newswires
August 16, 2018 02:01 ET (06:01 GMT)
Secure Income Reit (LSE:SIR)
Historical Stock Chart
From Apr 2024 to May 2024
Secure Income Reit (LSE:SIR)
Historical Stock Chart
From May 2023 to May 2024