Secure Income REIT PLC Dividend rate maintained & 100% of rent collected (0862Z)
January 20 2022 - 2:45AM
UK Regulatory
TIDMSIR
RNS Number : 0862Z
Secure Income REIT PLC
20 January 2022
20 January 2022
Secure Income REIT Plc (AIM:SIR)
(the "Company")
Quarterly dividend rate maintained and 100% of rent
collected
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 ended 31 December 2021.
The Company also reports collection of 100% of rents due
following the end of the rent collection cycle for the December
quarterly rents (GBP27.4 million), monthly payments due from
November 2021 to January 2022 (GBP4.8 million) and the collection
of rental uplifts arising from the Travelodge portfolio that were
deferred through the CVA period (GBP0.8 million) which fell due in
January. Arrears relating to prior periods amount to less than
0.04% of the rent roll.
Dividends will be payable on 4 March 2022 to shareholders on the
register on 28 January 2022 and the ex-dividend date will be 27
January 2022. The dividend will be paid as a Property Income
Distribution in respect of the Company's tax-exempt property rental
business.
For further information on the Company, please contact:
Secure Income REIT Plc +44 20 7647 7647
Nick Leslau Enquiries@SecureIncomeREIT.co.uk
Mike Brown
Sandy Gumm
Stifel Nicolaus Europe
Limited
(Nominated Adviser) +44 20 7710 7600
Stewart Wallace StifelSecureIncomereit@Stifel.com
FTI Consulting +44 20 3727 1000
(PR Adviser) SecureIncomeREIT@fticonsulting.com
Dido Laurimore
Claire Turvey
Eve Kirmatzis
About Secure Income REIT Plc:
Secure Income REIT Plc ("SIR") is a diversified UK REIT,
investing in institutional real estate assets that provide long
term rental income with upwards only inflation protection.
The Company's robust balance sheet, strong liquidity and
experienced Management Team enabled it to pay quarterly dividends
throughout the pandemic without interruption and, over seven years
since listing, delivered a Total Accounting Return of 15.0% p.a.
and a Total Shareholder Return of 15.6% p.a..
The Company, as at 30 June 2021, has GBP2.0 billion of gross
property assets, GBP1.3 billion of net assets, GBP184 million of
uncommitted and unfettered cash, structurally secure non-recourse
debt, and difficult to replicate very long leases on Key Operating
Assets in defensive sectors. The Management Team is strongly
aligned with shareholders through its 12.4% interest in the
business.
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 plc is available at
www.SecureIncomeREIT.co.uk.
Dividend withholding tax deductions
Shareholders entitled to elect to receive distributions without
deduction for withholding tax should complete the declaration form
which is available in the Investor Centre of the Company's website,
www.SecureIncomeREIT.co.uk . Alternatively, the form may be
requested by email to Enquiries@SecureIncomeREIT.co.uk or by
writing to the Company Secretary, Secure Income REIT Plc, Cavendish
House, 18 Cavendish Square, London W1G 0PJ. Shareholders who
qualify for gross payments are, principally, UK resident companies,
certain UK public bodies, UK charities, UK pension schemes and the
managers of ISAs, PEPs and Child Trust Funds, in each case subject
to certain conditions. Individuals and non-UK residents do not
qualify for gross payments of distributions and should not complete
the declaration form.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DIVPPUPCGUPPURU
(END) Dow Jones Newswires
January 20, 2022 03:45 ET (08:45 GMT)
Secure Income Reit (LSE:SIR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Secure Income Reit (LSE:SIR)
Historical Stock Chart
From Jul 2023 to Jul 2024