The Lemon Fool

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,

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.

dealtn wrote:That's SREI nor SIR

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.

Walkeia wrote: ...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?'

Secure Income REIT Plc (AIM:SIR)

(the "Company")

Quarterly dividend rate maintained with uplift targeted for July 2022

The Board of Secure Income REIT Plc, the specialist long term income REIT, today declares an interim quarterly dividend of 3.95 pence per share in respect of the year ending 31 December 2022.

Dividends will be payable on 7 June 2022 to shareholders on the register on 29 April 2022 and the ex-dividend date will be 28 April 2022. The dividend will be paid as a Property Income Distribution in respect of the Company's tax-exempt property rental business.

As announced on 10 March 2022, in its results for the year ended 31 December 2021, the Company is targeting a 15% increase in the dividend rate when the July 2022 dividend is declared. This is a dividend target and does not represent a dividend forecast.