Speakers from Touchstone Exploration, Shanta Gold, Savannah Resources and Kavango Resources feature in our Natural Resources webinar on May 25th. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSecure Income Reit Share News (SIR)

Share Price Information for Secure Income Reit (SIR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 380.00
Bid: 378.50
Ask: 379.50
Change: -1.50 (-0.39%)
Spread: 1.00 (0.26%)
Open: 386.50
High: 386.50
Low: 378.50
Yest. Close: 381.50
SIR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Secure Income REIT Lifts Interim Payout Despite Fall In Net Assets

Thu, 10th Sep 2020 11:33

(Alliance News) - Secure Income REIT PLC on Thursday said the value of its portfolio fell over the past six months as coronavirus hurt leisure sector investments.

The real estate investment trust said the value of its investment properties reduced by 6.0% as at June 30 to GBP1.96 billion from GBP2.08 billion as at December 31, 2019. Net assets fell by 10% to GBP1.24 billion from GBP1.38 billion over the half-year period.

Secure Income REIT upped its dividend for the six months to the end of June to 8.4 pence compared to 7.9p paid a year before.

"There is no doubt that Covid-19 has created very challenging conditions for the company. Whilst our key operating assets are in less cyclical sectors with high barriers to entry, the impact of the lockdown and sharply curtailed international travel has hit leisure and hotel businesses particularly hard across the globe," said Non-Executive Chair Martin Moore.

"Beyond the current disruption lies significant potential for recovery and the resumption of the strong performance seen from flotation in 2014 up to February of this year," added Moore.

AIM-listed Secure Income REIT shares were trading 1.9% higher in London on Thursday at 275.07p each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News

BROKER RATINGS: Legal & General, Informa upgraded while Bunzl gets cut

BROKER RATINGS: Legal & General, Informa upgraded while Bunzl gets cut

27 Apr 21 09:40

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

22 Apr 21 16:09

Secure Income makes solid rent collection progress in March quarter

(Sharecast News) - Secure Income updated the market on the collection of rents due to-date on Thursday, following the end of the rent collection cycle for the March quarter, and monthly rents due from February to April.

8 Apr 21 11:22

IN BRIEF: Secure Income REIT collects over 99% rent in first quarter

IN BRIEF: Secure Income REIT collects over 99% rent in first quarter

8 Apr 21 10:22

Secure Income REIT leisure and hospitality assets suffer in 2020

Secure Income REIT leisure and hospitality assets suffer in 2020

11 Mar 21 11:16

Secure Income positive on recovery after 2020 earnings plunge

(Sharecast News) - Secure Income reported EPRA net tangible assets of £1.23bn at the end of its financial year on Thursday, or 379.3p per share, down from £1.39bn and 429.4p at the end of 2019.

11 Mar 21 10:47

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

26 Feb 21 16:12

Secure Income REIT Collects Almost All Rent Due In Collection Cycle

Secure Income REIT Collects Almost All Rent Due In Collection Cycle

8 Jan 21 11:20

Secure Income maintains strong rent collection through holiday period

(Sharecast News) - Secure Income REIT updated the market on its collection of rents due on Friday, following the end of the rent collection cycle for the December quarter and January monthly rents.

8 Jan 21 08:56

UK BROKER RATINGS SUMMARY: JPMorgan Lowers NatWest To Neutral

UK BROKER RATINGS SUMMARY: JPMorgan Lowers NatWest To Neutral

11 Dec 20 09:38

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

20 Nov 20 16:06

Secure Income REIT Says It Will Not Terminate Travelodge Leases

Secure Income REIT Says It Will Not Terminate Travelodge Leases

23 Oct 20 11:01

Secure Income to maintain existing Travelodge CVA

(Sharecast News) - Secure Income REIT announced on Friday that, following a "thorough review" of potential strategies in relation to its Travelodge portfolio, it had determined not to exercise its break options to terminate the tenant's leases on those properties.

23 Oct 20 09:52

Secure Income REIT upbeat on recent rent collection

(Sharecast News) - Secure Income REIT updated the market on its rent collection on Thursday, reporting that 100% of the £12.4m of rent due between 29 September and Thursday, after allowing for the rent adjustments agreed with certain tenants, had been collected.

8 Oct 20 15:30

Secure Income REIT Says All Rent Due From Tenants Collected

Secure Income REIT Says All Rent Due From Tenants Collected

8 Oct 20 11:41

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.