• NYSE: SIR...$24.67...Quarterly Dividend:$0.48...Yield:7.78%
    
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  • Secure income.
    As of June 30, 2014, the weighted average remaining lease term of our leases (based on annualized rents) was nearly 11 years.
  • Tenant diversity.
    As of June 30, 2014, our 50 properties (280 buildings and land parcels) were leased to 278 different tenants with no tenant responsible for more than 7.5% of our annualized rents.
  • Internal growth prospects.
    Since 2004, many of our Hawaii land leases have had at least one rent reset, resulting in a rent increase, on average, of approximately 35%.
  • External growth prospects.
    Since our March 2012 IPO, we have acquired more than $1 billion in strategic net leased, single tenant office and industrial properties in the mainland U.S. to complement our organic growth. 
  • Net lease structure.
    Most of our leases are net leases, where 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.
  • Conservative capital structure.
    As of June 30, 2014, our debt to total book capital was approximately 23%.
  • Attractive distributions.
    Our current common share distribution of $0.48 per share, per quarter ($1.92 per share, per year) has increased by 20% since our IPO in March 2012 and is well covered, with a normalized funds from operation (FFO) payout ratio of 61% as of June 30, 2014.
    
 

Single Tenant Office & Industrial

Select Income REIT is a real estate investment trust, or REIT, which primarily owns properties that are net leased to single tenants. Approximately 40% of SIR’s rents are from land SIR owns in Hawaii that are under long term leases to tenants, many of whom own buildings and operate their businesses on SIR’s property. The remaining revenues come from single tenant net leased office and industrial properties located throughout the continental United States.

Featured Properties

Recent News

09/02/2014

Select Income REIT to Acquire Cole Corporate Income Trust for Approximately $3 Billion


07/28/2014

Select Income REIT Announces Second Quarter Results


07/21/2014

Select Income REIT Second Quarter Conference Call Scheduled for Monday, July 28th


 
Select Income REIT, Two Newton Place, 255 Washington Street, Newton, MA 02458-1634 Main Number: 617-796-8303.