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Secure Income REIT

Walkeia
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Secure Income REIT

#359236

Postby Walkeia » November 23rd, 2020, 11:26 am

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
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Re: Secure Income REIT

#359255

Postby richfool » November 23rd, 2020, 12:11 pm

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,


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.

Walkeia
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Re: Secure Income REIT

#359288

Postby Walkeia » November 23rd, 2020, 1:55 pm

Hi RichFool,

could I check we're talking about the same REIT. The tickers are similar but secure income REIT is predominantly hospitals, Travelodge and theme park assets predominantly.

Thanks,

dealtn
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Re: Secure Income REIT

#359296

Postby dealtn » November 23rd, 2020, 2:13 pm

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.


That's SREI nor SIR

PinkDalek
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Re: Secure Income REIT

#359315

Postby PinkDalek » November 23rd, 2020, 3:24 pm

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.

dealtn
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Re: Secure Income REIT

#359319

Postby dealtn » November 23rd, 2020, 3:40 pm

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.


Yes generally, I think, having a name and EPIC (as on the Company Share News Board) is helpful.

Walkeia
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Re: Secure Income REIT

#388855

Postby Walkeia » February 22nd, 2021, 6:33 pm

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?'


I feel my investment here is going to plan; perhaps a tad disappointed the share price hasn't done a little better.

The Covid exit plan unveiled today has theme parks and 'staycations' from the 12th of April which I'm pleasantly surprised at. Alton Towers usually runs March-Nov and so Merlin are not missing out on much of 2021 trading. Travelodge isn't top of everyone's staycation list but I can imagine a lot of demand from people going across the country to see friends and family.

Walkeia
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Re: Secure Income REIT

#389155

Postby Walkeia » February 23rd, 2021, 12:49 pm

I correct my post above. I don't think Travellodge will be benefitting from the 12th of April relaxation of rules but rather will be after the mid May easing of restrictions at the earliest for this portion of the portfolio.


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