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 that, by focusing on a less crowded market, DRIP is able to achieve a yield advantage over other property investment companies. DRIP is itself small, but has ambitions to grow and further diversify its shareholder base and portfolio. The managers have identified a pipeline of potential investments and they say that DRIP should be able to expand gradually without cash drag having much impact on returns.

Drum Income Plus REIT – They say good things come in small packages

Drum Income Plus REIT (Real Estate Investment Trust) 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 has said it will target a fully covered dividend of 5.25% p.a., on the initial issue price of £1.00, for the financial year ending 30 September 2016. This target rises to 5.5%, for the year ending 30 September 2017, and 6.0%, for the year ending 30 September 2017.

Drum Income Plus REIT says that its approach is to add value via entrepreneurial asset management and risk controlled development, delivered by the experience and expertise of Drum Real Estate Investment Management, its investment manager.

You can access the fund’s website here

DRIP : Drum Income Plus REIT – They say good things come in small packages