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Secure Income Reit Fundamentals

Company Name Secure Income REIT Last Updated 21 Oct 2020
Industry Financials Sector Diversified REITs
Shares in Issue (m) 324.04 Market Cap (£m) 831.15
PE Ratio 5.40 Div per Share () 16.30
Div Yield 6.34 Div Cover 2.92
EPS 47.50 EPS Growth (%) -2.86
PEG -1.89 DPS Growth (%) 17.27
Debt Ratio 40.96 Debt Equity Ratio 0.96
Net Gearing 30.75 Gross Gearing 41.95
Asset Equity Ratio 1.72 Cash Equity Ratio 19.29
Quick Ratio 6.80 Current Ratio 6.80
Price To Book Value 0.60 ROCE 6.59

Secure Income Reit Dividends

Type Ex-Date Pay Date Currency Net Dividend Year Total
Q1 Dividend 30 Jul 2020 28 Aug 2020 GBX 3.65
H2 Dividend 30 Apr 2020 29 May 2020 GBX 4.20 16.80
Q3 Dividend 23 Jan 2020 21 Feb 2020 GBX 4.20
H1 Dividend 31 Oct 2019 29 Nov 2019 GBX 4.20
Q1 Dividend 01 Aug 2019 30 Aug 2019 GBX 4.20
H2 Dividend 02 May 2019 31 May 2019 GBX 3.93 15.73
Q3 Dividend 24 Jan 2019 23 Feb 2019 GBX 3.93
H1 Dividend 26 Oct 2018 26 Oct 2018 GBX 3.93
Q1 Dividend 02 Aug 2018 31 Aug 2018 GBX 3.93
H2 Dividend 26 Apr 2018 25 May 2018 GBX 2.51 13.01
Q3 Dividend 25 Jan 2018 23 Feb 2018 GBX 3.50
H1 Dividend 26 Oct 2017 24 Nov 2017 GBX 3.50
Q1 Dividend 27 Jul 2017 25 Aug 2017 GBX 3.50
H2 Dividend 27 Apr 2017 26 May 2017 GBX 3.28 12.48
Q3 Dividend 26 Jan 2017 24 Feb 2017 GBX 3.33
H1 Dividend 27 Oct 2016 25 Nov 2016 GBX 2.94
Q1 Dividend 21 Jul 2016 12 Aug 2016 GBX 2.94

Secure Income Reit Company Financials

Assets (£m) 2019 2018 2017
Tangible Assets 0 0 0
Intangible Assets 0 0 0
Investments 2,114 2,338 1,784
Total Fixed Assets 2,114 2,338 1,784
Stocks 0 0 0
Debtors 4 3 0
Cash & Equivalents 267 102 89
Other Assets 0 0 0
Total Assets 2,385 2,444 1,873
Liabilities (£m) 2019 2018 2017
Creditors within 1 year 40 44 37
Creditors after 1 year 961 1,118 975
Other Liabilities 0 0 0
Total Liabilities 1,000 1,162 1,012
Net assets 1,385 1,282 861
Equity (£m) 2019 2018 2017
Called up share capital 32 32 23
Share Premium 518 514 197
Profit / Loss 155 149 139
Other Equity 7 10 21
Preference & Minorities 0 0 0
Total Capital Employed 1,385 1,282 861
Ratios 2019 2018 2017
Debt Ratio 40.96 46.60 53.12
Debt-to-Equity 0.96 0.96 0.96
Net Gearing 30.75 43.39 49.31
Gross Gearing 41.95 47.55 54.05
Assets / Equity 1.72 1.91 2.18
Cash / Equity 19.29 7.94 10.31
EPS 47.50 48.90 59.50
Cash Flow (£m) 2019 2018 2017
Cash from operating activities 100 111 82
Cashflow before financing 459 -325 83
Increase in Cash 165 13 -3
Income (£m) 2019 2018 2017
Turnover 133 126 107
Cost of sales 1 1 0
Gross Profit 131 125 107
Operating Profit 238 203 191
Pre-Tax profit 155 149 139
Profit / Loss for the year 32 32 23

Secure Income Reit Company Background

Sector Diversified REITs
Activities Secure Income REIT plc specialises in generating long term, inflation protected, secure income from real estate investments. Its investment strategy is designed to satisfy investors' growing requirements for high quality, safe, inflation protected income flows. At 31 December 2019, the Group's investment property portfolio was valued at £2.1 billion, producing £110.7 million per annum of rental income from long term leases with a weighted average unexpired term to expiry of 21.0 years with no breaks. All rental income is subject to fixed uplifts or RPI upwards only rent reviews with 59% of rental income subject to RPI-linked reviews and 41% having fixed uplifts. The Group's portfolio comprises key operating assets let to strong businesses in defensive sectors with high barriers to entry. The upwards only RPI-linked rent reviews and fixed rental uplifts combine with fixed cost debt to drive healthy dividend growth, creating attractive and predictable returns.
Latest Interim Date 10 Sep 2020
Latest Fiscal Year End Date 12 Mar 2020

Secure Income Reit Directors

Appointed Director Position
2014-05-27 Martin Richard Moore Non-Executive Chairman
2014-05-27 Philip Michael Brown Non-Executive Director
2014-05-27 Leslie Jane Ferrar Non-Executive Director
2007-01-31 Sandra Louise Gumm Non-Executive Director
2014-05-27 Jonathan Lawrence Lane Non-Executive Director
2007-01-31 Nicholas Mark Leslau Non-Executive Director
2014-05-27 Ian Marcus Non-Executive Director

Secure Income Reit Contact Details

Company Name Secure Income REIT
Company Address Cavendish House, 18 Cavendish Square, London W1G 0PJ.
Company Telephone +44 (0)207 647 7647
Company Website http://www.secureincomereit.co.uk/

Secure Income Reit Advisors

Auditor Name BDO Stoy Hayward
Auditor Address 55 Baker Street, London W1U 7EU.
Auditor Website http://www.bdo.uk.com/
Auditor Telephone +44 (0) 207486 5888
Registrar Name Link Asset Services
Registrar Address The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU.
Registrar Website http://www.linkassetservices.com/
Registrar Telephone 0870 162 3100
Broker Name Stifel Nicolaus Europe Limited
Broker Address 150 Cheapside, London EC2V 6ET.
Broker Website http://www.orielsecurities.com/
Broker Telephone +44 (0)20 7710 7600
Adviser Name Stifel Nicolaus Europe Limited
Adviser Address 150 Cheapside, London EC2V 6ET.
Adviser Website http://www.orielsecurities.com/
Adviser Telephone +44 (0)20 7710 7600
Solicitor Name Berwin Leighton Paisner LLP
Solicitor Address Adelaide House, London Bridge, London EC4R 9HA.
Solicitor Website http://www.blplaw.com/
Solicitor Telephone +44 (0)20 7760 1000
Stockbroker Name n/a
Stockbroker Address n/a
Stockbroker Website n/a
Stockbroker Telephone n/a