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Update research from QuotedData

16 May 2017 13:24

RNS Number : 3129F
Drum Income Plus REIT PLC
16 May 2017
 

Drum Income Plus REIT - Update research from QuotedData

16th May 2017

Delivering on promises

 

DRUM Income Plus REIT (DRIP) focuses on acquiring properties overlooked by large institutional and overseas buyers (smaller lot sizes, multi-let). It provided an NAV total return of 2.4% in Q1 2017 (1.6% of which related to income and 0.8% to capital). Its most recent acquisitions (the latest, Kew Retail Park, was announced on 11 May) were, the manager thinks, made at particularly attractive net initial yields and the manager is engaged in a number of asset management initiatives with the aim of further improving income from the portfolio. DRIP recently issued some shares; it remains small, but still has a strong desire to grow, with the aims of increasing its cost efficiency and liquidity.

 

Full research:

http://quoteddata.com/2017/05/drum-income-plus-reit-delivering-on-promises/

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NB: Marten & Co was paid to produce this note by Drum Income Plus REIT and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors.

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