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Secure Income REIT

Walkeia
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Secure Income REIT

#359236

Postby Walkeia » November 23rd, 2020, 11:26 am

Hi all,

I was just wondering if anyone had looked at or had a particular view on this REIT please.

As full background I was a small holder pre-Covid and in the past two months have been significantly increasing my holding on the back of the below presentation (particularly page 23 which I think is a good way of looking at the portfolio - discount of hotel and leisure assets at ~50% of accounting marks using the current share-price - if we accept hospital valuations + cash). October statement confirming Travelodge June accounting marks supported by bids (2nd link) and more recently the vaccine news which hopefully means we may have a more normal summer next year for the leisure assets.

https://secureincomereit.co.uk/wp-conte ... e-2020.pdf

http://otp.investis.com/clients/uk/secu ... 7&cid=2129

The vast bulk of my portfolio is allocated to global equity trackers; I use the trackers as collateral for a few REITs for income... I guess my post in a sentence is asking - 'I think this looks really good and am contemplating buying even more, is there something I'm missing?'

Many thanks,

richfool
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Re: Secure Income REIT

#359255

Postby richfool » November 23rd, 2020, 12:11 pm

Walkeia wrote:Hi all,

I was just wondering if anyone had looked at or had a particular view on this REIT please.

As full background I was a small holder pre-Covid and in the past two months have been significantly increasing my holding on the back of the below presentation (particularly page 23 which I think is a good way of looking at the portfolio - discount of hotel and leisure assets at ~50% of accounting marks using the current share-price - if we accept hospital valuations + cash). October statement confirming Travelodge June accounting marks supported by bids (2nd link) and more recently the vaccine news which hopefully means we may have a more normal summer next year for the leisure assets.

https://secureincomereit.co.uk/wp-conte ... e-2020.pdf

http://otp.investis.com/clients/uk/secu ... 7&cid=2129

The vast bulk of my portfolio is allocated to global equity trackers; I use the trackers as collateral for a few REITs for income... I guess my post in a sentence is asking - 'I think this looks really good and am contemplating buying even more, is there something I'm missing?'

Many thanks,


Have a look at this thread:

viewtopic.php?f=87&t=24886&p=357546#p357546

I see it postponed its dividend back in June and that it holds some retail properties, including Matalan, also Premier Inns and Cineworld.

Walkeia
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Re: Secure Income REIT

#359288

Postby Walkeia » November 23rd, 2020, 1:55 pm

Hi RichFool,

could I check we're talking about the same REIT. The tickers are similar but secure income REIT is predominantly hospitals, Travelodge and theme park assets predominantly.

Thanks,

dealtn
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Re: Secure Income REIT

#359296

Postby dealtn » November 23rd, 2020, 2:13 pm

richfool wrote:
Have a look at this thread:

viewtopic.php?f=87&t=24886&p=357546#p357546

I see it postponed its dividend back in June and that it holds some retail properties, including Matalan, also Premier Inns and Cineworld.


That's SREI nor SIR

PinkDalek
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Re: Secure Income REIT

#359315

Postby PinkDalek » November 23rd, 2020, 3:24 pm

dealtn wrote:That's SREI nor SIR


It proves, perhaps, that including part at least of an outfit's name assists, as has the OP of this topic.

dealtn
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Re: Secure Income REIT

#359319

Postby dealtn » November 23rd, 2020, 3:40 pm

PinkDalek wrote:
dealtn wrote:That's SREI nor SIR


It proves, perhaps, that including part at least of an outfit's name assists, as has the OP of this topic.


Yes generally, I think, having a name and EPIC (as on the Company Share News Board) is helpful.


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