About Select Income REIT (NASDAQ:SIR)
SIR is a real estate investment trust, or REIT, which owns directly or indirectly through its subsidiaries, including its majority owned subsidiary, Industrial Logistics Properties Trust, or ILPT, properties that are primarily leased to single tenants. As of March 31, 2018, our consolidated portfolio included 366 buildings, leasable land parcels and easements with approximately 45.5 million rentable square feet located in 36 states. SIR owned 100 of these buildings and leasable land parcels with approximately 17.0 million rentable square feet, which are primarily office buildings, and ILPT owned 266 of these buildings, leasable land parcels and easements with approximately 28.5 million rentable square feet, including 226 buildings, leasable land parcels and easements with approximately 16.8 million rentable square feet which are primarily leasable industrial and commercial lands located in Hawaii. ILPT was our wholly owned subsidiary until January 17, 2018, when it completed an initial public offering, or the ILPT IPO, of its common shares and became a publicly traded REIT. We remain ILPT's largest shareholder and, as of the date hereof, we own 45.0 million, or approximately 69.2%, of ILPT's outstanding common shares. We have been investment grade rated since 2014, and we are included in the Russell 2000® Index and the MSCI US REIT Index.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryDiversified REITs
SectorFinance
SymbolNASDAQ:SIR
CUSIP81618T10
Phone617-796-8303
Debt
Debt-to-Equity Ratio0.84
Current Ratio1.90
Quick Ratio1.90
Price-To-Earnings
Trailing P/E Ratio7.73
Forward P/E Ratio8.02
P/E GrowthN/A
Sales & Book Value
Annual Sales$468.10 million
Price / Sales4.11
Cash Flow$2.3344 per share
Price / Cash9.21
Book Value$22.26 per share
Price / Book0.97
Profitability
EPS (Most Recent Fiscal Year)$2.78
Net Income$66.90 million
Net Margins19.76%
Return on Equity4.41%
Return on Assets1.93%
Miscellaneous
EmployeesN/A
Outstanding Shares89,490,000
Select Income REIT (NASDAQ:SIR) Frequently Asked Questions
What is Select Income REIT's stock symbol?
Select Income REIT trades on the NASDAQ under the ticker symbol "SIR."
How often does Select Income REIT pay dividends? What is the dividend yield for Select Income REIT?
Select Income REIT declared a quarterly dividend on Thursday, April 19th. Shareholders of record on Monday, April 30th will be given a dividend of $0.51 per share on Thursday, May 17th. This represents a $2.04 annualized dividend and a yield of 9.49%. The ex-dividend date is Friday, April 27th. View Select Income REIT's Dividend History.
How were Select Income REIT's earnings last quarter?
Select Income REIT (NASDAQ:SIR) issued its quarterly earnings results on Tuesday, May, 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. The real estate investment trust earned $120.60 million during the quarter, compared to the consensus estimate of $115.93 million. Select Income REIT had a net margin of 19.76% and a return on equity of 4.41%. The firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.59 EPS. View Select Income REIT's Earnings History.
When is Select Income REIT's next earnings date?
What price target have analysts set for SIR?
5 equities research analysts have issued 12-month target prices for Select Income REIT's shares. Their forecasts range from $5.50 to $34.00. On average, they anticipate Select Income REIT's stock price to reach $22.30 in the next twelve months. View Analyst Ratings for Select Income REIT.
Who are some of Select Income REIT's key competitors?
Some companies that are related to Select Income REIT include VICI Properties (VICI), Kilroy Realty (KRC), Gaming and Leisure Properties (GLPI), WP Carey (WPC), Vereit (VER), Kimco Realty (KIM), Lamar Advertising (LAMR), Douglas Emmett (DEI), Liberty Property Trust (LPT), Apartment Investment and Management (AIV), National Retail Properties (NNN), American Homes 4 Rent (AMH), Omega Healthcare Investors (OHI), DCT Industrial Trust (DCT) and New Residential Investment (NRZ).
Who are Select Income REIT's key executives?
Select Income REIT's management team includes the folowing people:
- Mr. David M. Blackman, Pres, COO & Managing Trustee (Age 55)
- Mr. John Christopher Popeo CPA, CFO, Principal Accounting Officer & Treasurer (Age 58)
- Mr. Adam David Portnoy, Managing Trustee (Age 48)
- Mr. Barry Michael Portnoy, Managing Trustee (Age 73)
- Mr. Christopher Ranjitkar, Director of Investor Relations
Has Select Income REIT been receiving favorable news coverage?
Media headlines about SIR stock have trended somewhat positive on Monday, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Select Income REIT earned a news sentiment score of 0.14 on Accern's scale. They also gave media headlines about the real estate investment trust an impact score of 47.03 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Select Income REIT's major shareholders?
Select Income REIT's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.29%), LSV Asset Management (4.43%), Northern Trust Corp (1.96%), Dimensional Fund Advisors LP (1.21%), Massachusetts Financial Services Co. MA (1.13%) and Indaba Capital Management L.P. (0.79%). Company insiders that own Select Income REIT stock include Richard Collier Atkinson and Victor Lewis Lawrick. View Institutional Ownership Trends for Select Income REIT.
Which major investors are selling Select Income REIT stock?
SIR stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Schwab Charles Investment Management Inc., Opus Capital Group LLC, American Century Companies Inc., Wells Fargo & Company MN, BlackRock Inc., Cambridge Investment Research Advisors Inc. and Citigroup Inc.. View Insider Buying and Selling for Select Income REIT.
Which major investors are buying Select Income REIT stock?
SIR stock was purchased by a variety of institutional investors in the last quarter, including Indaba Capital Management L.P., Echo Street Capital Management LLC, Massachusetts Financial Services Co. MA, Global X Management Co. LLC, PVG Asset Management Corp, Robeco Institutional Asset Management B.V., Northern Trust Corp and Rational Advisors LLC. View Insider Buying and Selling for Select Income REIT.
How do I buy shares of Select Income REIT?
Shares of SIR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Select Income REIT's stock price today?
One share of SIR stock can currently be purchased for approximately $21.50.
How big of a company is Select Income REIT?
Select Income REIT has a market capitalization of $1.92 billion and generates $468.10 million in revenue each year. The real estate investment trust earns $66.90 million in net income (profit) each year or $2.78 on an earnings per share basis.
How can I contact Select Income REIT?
Select Income REIT's mailing address is TWO NEWTON PLACE 255 WASHINGTON STREET SUITE 300, NEWTON MA, 02458. The real estate investment trust can be reached via phone at 617-796-8303 or via email at [email protected]
MarketBeat Community Rating for Select Income REIT (SIR)
MarketBeat's community ratings are surveys of what our community members think about Select Income REIT and other stocks. Vote "Outperform" if you believe SIR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SIR will underperform the S&P 500 over the long term. You may vote once every thirty days.
