Select Income REIT’s overarching mission is to provide secure and growing cash flows for the company and its investors. The company seeks to accomplish this by:

Selectively Acquiring Strategic Office and Industrial Assets – SIR seeks to acquire appropriately priced single tenant net leased office and industrial properties that are strategic to tenants, such as corporate headquarters, build-to-suit facilities, strategic distribution hubs and other buildings in which tenants have invested a significant amount of their own capital. In its acquisition underwriting, SIR favors fully occupied properties with remaining lease terms of at least 10 years for industrial and seven years for office.

Generating Continued Rent Growth in Hawaii – As Hawaii’s largest industrial land owner, SIR has benefitted from the significant and prolonged appreciation of real estate on the island of Oahu. This has enabled SIR to generate an average rent increase of more than 40% from rent resets in Hawaii since the company’s IPO in 2012.

Maintaining its Dividend Strength and Payout Ratio Flexibility – Since its IPO in 2012, SIR has raised its quarterly dividend six times for an aggregate increase of 25 percent. With a quarterly dividend rate of $0.51 per share today, SIR’s yield is superior to virtually all of its peers. In addition, SIR’s quarterly distribution equated to just 75 percent of its funds from operations for the third quarter of 2017, indicating a capacity for continued distribution growth.

Retaining its Investment Grade Ratings: SIR has conservatively managed its balance sheet, which has enabled the company to earn investment grade ratings from both Moody’s (Baa2) and S&P (BBB-). SIR plans to maintain – or improve upon – these ratings going forward.

  • ICPE Award
  • U.S Green Building Council
  • Energy Star Partner
Cautionary Language

The information appearing in SIR’s website includes statements which constitute forward looking statements. These forward looking statements are based upon SIR’s present intents, beliefs or expectations, but forward looking statements are not guaranteed to occur and may not occur. SIR’s actual results may differ materially from those contained in SIR’s forward looking statements. The information contained in SIR’s filings with the Securities and Exchange Commission (SEC), including under “Risk Factors” and “Warnings Concerning Forward Looking Statements” in SIR’s periodic reports and other filings, identifies important factors that could cause SIR’s actual results to differ materially from those stated or implied in SIR’s forward looking statements. SIR’s filings with the SEC are available on the SEC’s website at www.sec.gov and are also accessible on SIR’s website at the following link: SEC Filings. You should not place undue reliance upon forward looking statements. Except as required by law, SIR does not intend to update or change any forward looking statements as a result of new information, future events or otherwise.

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