• NYSE: SIR...$28.43...Quarterly Dividend:$0.48...Yield:6.75%
    
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  • Secure income.
    As of March 31, 2014, the weighted average remaining lease term of our leases (based on annualized rents) was nearly 11 years.
  • Tenant diversity.
    As of March 31, 2014, our 48 properties (278 buildings and land parcels) were leased to 279 different tenants with no tenant responsible for more than 7% of our annualized rents.
  • Internal growth prospects.
    A significant number of our Hawaii land leases are scheduled to have their rents reset in the next two years. 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.
    We continue to selectively acquire strategic net leased, single tenant office and industrial properties in the mainland U.S. to compliment 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 March 31, 2014, our debt to total book capital was approximately 37%.
  • 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 72%.
    
 

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.

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Recent News

07/21/2014

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


07/14/2014

Select Income REIT Announces Quarterly Common Dividend


06/16/2014

Select Income REIT Announces Underwriters' Exercise of Option to Purchase Additional Shares


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