Overview
The Drum Income Plus Real Estate Investment Trust (the “REIT”) is an income focused real estate fund investing in secondary commercial property assets where there is an opportunity to increase income and capital returns via entrepreneurial proactive asset management and risk-controlled development.
The REIT will target a fully covered dividend of 5% p.a. once fully invested, whilst also delivering annual capital growth for investors.
We have written notes that explain how the fund works:
- “Delivering on promises“, published in May 2017, describes how DRIP separates themselves from the bigger buyers by targeting smaller lot sizes they believe will offer yield advantages
- “They say good things come in small packages“, published in July 2016, talks about how DRIP targets the smaller lot sizes in less crowded markets allowing them to expand without cash drag hurting returns
You can access the company’s website here
Research History
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24 Jan 2022 10 min read
QuotedData’s Real Estate Annual Review – 2021
Real Estate Annual Review Kindly sponsored by Aberdeen Standard Investments Bouncebackability Over the course of 2021, the property sector certainly rebounded from the depths of the pandemic-induced slumps of 2020, with the average share price of listed property companies up 14.2%. That didn’t mean there were not some ups and downs along the way. The […]
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08 Nov 2021 8 min read
QuotedData’s Real Estate Roundup – November 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data October’s biggest movers in price terms are shown in the chart below. The best performing real estate funds in October were mainly sector specialists, however, the property generalists had a good month too, led by BMO Real Estate Investments. The company saw its share […]
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15 Oct 2021 8 min read
QuotedData’s Real Estate Quarterly Review – Third Quarter 2021
Real Estate Quarterly Review Kindly sponsored by Aberdeen Standard Investments Rate rise fears dampens bounce back The quarter started with much promise, as activity picked up with the full opening of the economy. This was reflected in the valuation of commercial properties and in turn investor sentiment to the listed real estate sector. However, supply chain […]
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09 Sep 2021 9 min read
QuotedData’s Real Estate Roundup – September 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data August’s biggest movers in price terms are shown in the chart below. Traditionally a quiet month, August was anything but for property companies. While takeovers, IPO activity and large investment deals dominated the headlines, Tritax Big Box REIT continued its impressive performance. After reporting […]
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15 Jul 2021 8 min read
QuotedData’s Real Estate Quarterly Review – second quarter 2021
Value hunters boost property The easing of lockdown restrictions throughout the quarter saw property companies stage somewhat of a comeback from the depths of the pandemic, despite ‘freedom day’ being delayed into July. The potential for an economic bounce in the second half of the year is growing and generalist real estate investment trusts (REITs), […]
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19 Apr 2021 8 min read
QuotedData’s Real Estate Quarterly Review – first quarter 2021
Lockdown cloud begins to lift The success of the vaccine rollout in the UK and the implementation of a roadmap out of lockdown saw the share prices of listed property companies – most of which had been decimated during the last year – make somewhat of a recovery. The economy is on firmer footing and […]
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14 Apr 2021 11 min read
QuotedData’s Real Estate Roundup – April 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data March’s biggest movers in price terms are shown in the chart below. Drum Income Plus REIT saw its share price rally 75% in March following the announcement that its board was undertaking a strategic review to consider the future of the company, which it […]
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08 Mar 2021 10 min read
QuotedData’s Real Estate Roundup – March 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data February’s biggest movers in price terms are shown in the chart below. The roadmap out of lockdown and the impressive vaccination programme in the UK has lifted confidence in a swift economic recovery and triggered a shift to value stocks. Property companies on significant […]
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22 Jan 2021 12 min read
QuotedData’s Real Estate Annual Review – 2020
Real Estate Annual Review Kindly sponsored by Aberdeen Standard Investments Riding out the COVID rollercoaster The 2020 rollercoaster saw more downs than ups and at times felt like a pandemic induced freefall. Lockdowns, tiers and plenty of U-turns meant investing in property was not for the faint hearted. Positivity returned at the end of the […]
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14 Jan 2021 9 min read
QuotedData’s Real Estate Roundup – January 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data December’s biggest movers in price terms are shown in the chart below. The boost of coming out of the second national lockdown in early December was short lived as Christmas was cancelled for most of the UK with COVID-19 cases spiking. It did little […]
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17 Dec 2020 12 min read
QuotedData’s Real Estate Roundup – December 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data November’s biggest movers in price terms are shown in the chart below. The eagerly awaited news of a successful vaccine candidate came at the start of November, boosting the stock market. Property companies that had seen their share price battered over the past eight […]
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16 Oct 2020 8 min read
QuotedData’s Real Estate Quarterly Review – Q3 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Toughing it out It has been another challenging quarter for the real estate sector as the COVID-19 pandemic continues to take its toll. The economy bounced back in the early part of the quarter after the national lockdown was lifted, while government schemes such as […]
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10 Sep 2020 8 min read
QuotedData’s Real Estate Roundup – September 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data August’s biggest movers in price terms are shown in the chart below. There were some interesting price rises during the month of August as investors’ search for returns took them to property companies that have seen their share prices severely depressed during the Covid-19 […]
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13 Aug 2020 9 min read
QuotedData’s Real Estate Monthly Roundup – August 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data July’s biggest movers in price terms are shown in the chart below. A number of REITs and property companies saw big share price gains over the month of July as covid-19 restrictions started to ease across the UK and greater economic stimulus was revealed. […]
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16 Jul 2020 7 min read
QuotedData’s Real Estate Quarterly Review – Q2 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments A polarised lens The covid-19 pandemic continued to wreak havoc in the real estate in the second quarter, but a polarisation of sectors and funds has started to become apparent. Companies focused on the retail, leisure and hospitality property sectors had already seen huge negative […]
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07 Jul 2020 12 min read
QuotedData’s Real Estate Roundup – July 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data June’s biggest movers in price terms are shown in the chart below. Uncertainty caused by the covid-19 pandemic continued to weigh on property stocks in June and we had the first real casualty in Intu Properties, which collapsed into administration. A number of companies […]
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07 May 2020 11 min read
QuotedData’s Real Estate Roundup – May 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data April’s biggest movers in price terms are shown in the chart below. Following two months of heavy falls as the covid-19 pandemic took hold and the UK was put on lockdown, many property companies saw a bounce in their share price in April, although […]
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10 Mar 2020 12 min read
QuotedData’s Real Estate Roundup – March 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data February’s biggest movers in price terms are shown in the chart below. Property stocks tumbled in February as fears over the spread of Covid-19 spooked financial markets around the world and resulted in the largest sell-off since the 2008 financial crisis. There were just […]
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07 Feb 2020 9 min read
QuotedData’s Real Estate Roundup – February 2020
Real Estate Roundup Performance data January’s biggest movers in price terms are shown in the chart below. The sluggish start to the year for listed property companies is hardly surprising given they were coming off a high base after the “Boris-bounce” following the general election in December. Topping the list was Triple Point Social Housing […]
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30 Jan 2020 12 min read
QuotedData’s Real Estate Annual Review – 2019
Property’s alternative theory The year was dominated by political and economic uncertainty, with Brexit negotiations casting a shadow over the market and the general election adding a further layer of doubt for much of the year. For a market that is staunchly aligned with political and economic sentiment, listed property companies and REITs performed well, […]
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12 Jul 2019 6 min read
Quarterly investment companies roundup – Second quarter 2019
Quarterly investment companies roundup – Second quarter 2019 QuotedData news Global equities re-found momentum in June after a cautious April and May. How much longer this ten-year bull market can sustain itself continues to be the subject of much debate. The prospect of interest rate cuts in the US has re-invigorated sentiment for the time […]
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05 Jul 2019 3 min read
QuotedData’s investment companies roundup – July 2019
Investment Companies Roundup New research Over June, we published notes on CQS Natural Resources Growth and Income, Standard Life Private Equity and Shires Income. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – there was a greater appetite for risk in June as […]
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07 Jun 2019 5 min read
QuotedData’s economic roundup – June 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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22 Feb 2019 1 min read
QuotedData’s economic roundup – February 2019
QuotedData’s economic roundup – February 2019 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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11 Jun 2018 2 min read
QuotedData’s Economic round up – June 2018
QuotedData’s Economic round up – June 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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18 Jan 2018 1 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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10 Jan 2018 1 min read
QuotedData’s economic round up – January 2018
QuotedData’s economic round up – January 2018 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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14 Jun 2017 1 min read
QuotedData investment companies roundup – June 2017
QuotedData investment companies roundup – June 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2017. Kindly sponsored by Baillie Gifford. June Investment Companies Roundup Japan was one of the best places to be […]
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16 May 2017 1 min read
Drum Income Plus REIT – Delivering on promises
Drum Income Plus REIT – Delivering on promises. Marten & Co published an update note on Drum Income Plus REIT (DRIP), a company in the UK property sector DRUM Income Plus REIT 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 […]
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1 min read
Drum Income Plus REIT – Delivering on promises
QuotedData is publishing a new update note on a company in the UK property sector: Drum Income Plus REIT – 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% […]
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14 Feb 2017 1 min read
QuotedData’s round up of views on the global economy – February 2017
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. Kindly sponsored by Martin Currie. February Economic and Political Roundup
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31 Jan 2017 1 min read
QuotedData – 2016 review of the year
Our review of 2016 includes performance data, significant moves in discounts and premiums, money raised and money handed back, major news stories and links to the research we have published including our guide to investment companies. 2016 Annual roundup
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11 Jul 2016 1 min read
Drum Income Plus REIT – They say good things come in small packages
Drum Income Plus REIT – They say good things come in small packages Marten and Co publishes its first initiation of coverage note on Drum Income Plus REIT (DRIP) DRIP is focused on acquiring properties that do not suit the portfolios of the large institutional and overseas buyers, who are targeting larger lot sizes. Its managers say […]
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1 min read
Drum Income Plus REIT – They say good things come in small packages
Drum Income Plus REIT (DRIP) is focused on acquiring properties that do not suit the portfolios of the large institutional and overseas buyers, who are targeting larger lot sizes. Its managers say that, by focusing on a less crowded market, DRIP is able to achieve a yield advantage over other property investment companies. DRIP is itself […]
News
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20 Oct 2021 2 min read
QuotedData’s morning briefing 20 October 2021
In QuotedData’s morning briefing 20 October 2021, it is very busy for a Wednesday: Drum Income REIT (DRIP)’s shareholders have overwhelmingly approved the absorption of the trust into Custodian REIT. Court approval for the scheme is expected on 1 November; Drum’s shares will be suspended on 3 November and delisted on 4 November; and the […]
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13 Aug 2021 2 min read
QD view – More property companies in crosshairs of private equity
The bumper spell of merger and acquisition (M&A) activity in the UK listed real estate sector has some way to play out yet, with several companies still looking like attractive targets. The share prices of many property companies have yet to return to pre-pandemic days – perhaps understandably when rent collection rates are still below […]
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06 Aug 2021 2 min read
QD view – who’s looking good for property bounceback?
The potential offer for Drum Income Plus REIT (DRIP) by Custodian REIT (CREI), which we think makes perfect sense for both sides (see our news story for more detail) got us looking into the wider UK commercial property peer group to see how are they faring now as the country transitions out of lockdown. The […]
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1 min read
QuotedData’s weekly news show 06 August 2021
QuotedData’s weekly news show 06 August 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on Youtube. In this week’s show, James Carthew and Richard Williams covered the week’s top stories: Fund combinations – Aberdeen Emerging/Aberdeen New Thai and Custodian REIT/Drum Income Plus REIT They were […]
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04 Aug 2021 2 min read
Custodian REIT in talks to buy Drum Income Plus REIT
Custodian REIT (CREI) is in discussion over a possible securities exchange offer for the entire issued share capital of Drum Income Plus REIT (DRIP). The possible offer is at a ratio of 0.535 CREI ordinary shares for each DRIP ordinary share, giving an implied value for the entire issued and to be issued share capital of DRIP […]
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05 Mar 2021 1 min read
Drum Income Plus REIT considers its future
The board of Drum Income Plus REIT has undertaken a strategic review into the company that it said could result in it selling off all its assets. The group, which was launched in 2015, has persistently traded at a significant discount to net asset value (NAV) having not reached a scale that makes its shares […]
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30 Jan 2019 1 min read
Drum Income Plus REIT ups dividend
Drum Income Plus REIT ups dividend – Drum Income Plus REIT says that its net asset value per share at 30 September 2018 was 93.8 pence, 0.2% lower than the figure at the end of the previous year. When dividends paid during the year are included the net asset value total return for the year […]
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21 Dec 2017 2 min read
DRUM Income Plus REIT targets 6.3% yield for 2018
DRUM Income Plus REIT targets 6.3% yield for 2018 – Drum Income Plus REIT says that, for the 12 month period to 30 September 2017, its NAV increased by 0.5% to 94p. When the dividends paid during the period are taken into account the NAV total return for the twelve months to 30 September 2017 […]
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11 May 2017 1 min read
Drum Income Plus REIT buys retail park in Southport
Drum Income Plus Real Estate Investment Trust has acquired Kew Retail Park in Southport for GBP8.65 million. The 53,858 square foot investment is currently occupied by Poundstretcher, Carpetright, Wickes, Carphone Warehouse, Dreams and Sofology. The purchase price reflects an acquisition yield of 8.78% and bolsters DRIP REIT’s presence in the North West, where it already has […]
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30 Jan 2017 1 min read
Drum Income Plus REIT targeting 5.5p dividend for 2017
Drum Income Plus REIT has published its first set of results, covering the period from its launch (IPO 29 May 2015) through to 30 September 2016. The Group’s net asset value as at 30 September 2016 was 93.5 pence per share. The significant factors determining the return over this first period have been the costs […]
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19 Aug 2016 1 min read
Property exposure through closed-ended funds
Advisers could consider using investment trusts for their clients’ property exposure. read more here
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19 Jul 2016 1 min read
Drum Income Plus REIT acquires 3 Lochside Way, Edinburgh Park, for £4.5m
Drum Income Plus REIT (DRIP REIT) has announced that it has acquired 3 Lochside Way, Edinburgh Park, for £4.5m. It says that the property is a 24,000 square foot Grade A office building, prominently situated, on Central Scotland’s premier business park with Lockheed Martin, Exception and GL Industrial Services as key tenants. The company says […]
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03 Jun 2016 1 min read
Underlying property values up at Drum Income Plus REIT
Drum Income Plus REIT has published figures for the six months ended 31 March 2016. The company’s net asset value as at 31 March 2016 was 92.9 pence per share. This represented a decrease in NAV of 7.1 pence per share (7.1%) since launch. In addition to costs of 2.3 pence per share incurred in […]
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25 Jan 2016 2 min read
Drum Income Plus REIT is fully invested and considering raising further capital
Drum Income Plus REIT has provided an update that covers the period from its launch on 29 May 2015 to 31 December 2015. The company listed on the London Stock Exchange on 29 May 2015 raising gross proceeds of £31.9m. During the period to 31 December 2015, the company acquired four properties for total of […]
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22 Dec 2015 1 min read
Drum Income Plus REIT acquires Lakeside 5500 in Cheadle, Manchester for £5.5m
Drum Income Plus REIT has announced that it has exchange of contracts to purchase Lakeside 5500 (pictured), a multi-let office development, in Cheadle, Manchester, for £5.475m. the company says that key tenants Micron Europe Limited and Agilent Technologies LDA UK Limited and that the purchase price reflects a yield of 7.82%. Drum Income Plus REIT […]
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23 Nov 2015 1 min read
Drum Income Plus REIT purchases Monteith House in Glasgow for £5.75m
Drum Income Plus REIT has announced the acquisition of multi-let office investment Monteith House in Glasgow for a consideration of £5.75m. Monteith House is an office development located in George Square, in the centre of Glasgow, whose key tenants include VisitScotland and Skills Development Scotland. The company says that the purchase price reflects a yield […]
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06 Oct 2015 1 min read
Drum makes first investments
Drum Income Plus REIT has announced three acquisitions, for a total consideration of £19.7m. These are the Company’s first acquisitions since it was listed on the Official List of the UK Listing Authority and admitted to trading on the Main Market of the London Stock Exchange on 29 May 2015, raising gross proceeds of £31.9m. The Company […]