Drum Income Plus REIT PLC Update research from QuotedData
16 May 2017 - 10:24PM
RNS Non-Regulatory
TIDMDRIP
Drum Income Plus REIT PLC
16 May 2017
Drum Income Plus REIT - Update research from QuotedData
16(th) 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/
This research is also available free on our website
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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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