NYSE: SIR...$18.71...Quarterly Dividend:$0.50...Yield:10.69%
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As of June 30, 2015, the weighted average remaining term of our leases (based on annualized rents) was over 10 years.
Diverse tenant base.
As of June 30, 2015, our 116 properties (355 buildings and land parcels) were nearly 98% leased and no tenant was responsible for more than 4% of our annualized rents.
Solid internal growth.
Since 2004, many of our Hawaii land leases have had at least one rent reset, resulting in a rent increase, on average, of more than 35%.
Strong external growth.
In January 2015, we enhanced all of our core portfolio metrics and positioned SIR as the premier single tenant net lease office and industrial REIT by acquiring Cole Corporate Income Trust.
Most of our properties are net leased, meaning the tenant either pays directly or reimburses us for all, or substantially all, property level operating expenses and capital expenditures, such as real estate taxes, insurance, utilities, maintenance and repairs, other than, in certain circumstances, roof and structural element-related expenditures.
Our current quarterly common share distribution of $0.50 ($2.00 per share, per year) has increased by 25% since our IPO in March 2012 and is well covered, with a normalized funds from operation (FFO) payout ratio of 71% as of June 30, 2015.
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Single Tenant Office & Industrial
Select Income REIT is a real estate investment trust, or REIT, which primarily owns office and industrial properties that are net leased to single tenants throughout the United States.
Select Income REIT Announces Second Quarter 2015 Results
Select Income REIT Second Quarter Conference Call Scheduled for Tuesday, July 28th
Select Income REIT Announces Quarterly Common Dividend
Select Income REIT
Two Newton Place, 255 Washington Street, Newton, MA 02458-1634
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