Last $24.12 USD
Change Today +0.09 / 0.37%
Volume 939.5K
SIR On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

select income reit (SIR) Snapshot

Open
$23.92
Previous Close
$24.03
Day High
$24.29
Day Low
$23.87
52 Week High
04/25/14 - $31.47
52 Week Low
11/25/14 - $22.65
Market Cap
2.1B
Average Volume 10 Days
1.1M
EPS TTM
$1.91
Shares Outstanding
88.4M
EX-Date
--
P/E TM
12.7x
Dividend
$2.00
Dividend Yield
6.59%
Current Stock Chart for SELECT INCOME REIT (SIR)

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select income reit (SIR) Details

Select Income REIT, a real estate investment trust (REIT), primarily owns and invests in single tenant and net leased properties. As of September 30, 2014, it owned 50 properties (280 buildings, leasable land parcels, and easements) with a total of approximately 27.0 million square feet located in 21 states, including 11 properties (229 buildings, leasable land parcels, and easements) with approximately 17.8 million square feet that are located on the island of Oahu, Hawaii. The company is qualified as a REIT under the internal revenue code and its net income would be exempt from federal taxation to the extent that it is distributed as dividends to shareholders. Select Income REIT is headquartered in Newton, Massachusetts.

select income reit (SIR) Top Compensated Officers

President and Chief Operating Officer
Total Annual Compensation: --
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: --
Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

select income reit (SIR) Key Developments

Select Income REIT Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Select Income REIT reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported operating income of $29,863,000, net income of $26,887,000 or $0.45 per share on total revenues of $56,395,000 against operating income of $27,015,000, net income of $24,079,000 or $0.48 per share on total revenues of $49,933,000 for the same period a year ago. FFO was $37,499,000 or $0.63 per share against $32,725,000 or $0.66 per share for the same period a year ago. Normalized FFO was $39,029,000 or $0.65 per share against $32,659,000 or $0.65 per share for the same period a year ago. The declines in Normalized FFO per share and net income per share for the quarter primarily resulted from the increase in SIR’s weighted average number of common shares outstanding from 49.8 million for the quarter ended December 31, 2013 to 59.9 million for the quarter ended December 31, 2014, which was partially offset by increases in Normalized FFO and net income from recently acquired properties and positive leasing/rent resets at SIR’s Hawaii properties. For the year, the company reported operating income of $118,598,000, net income of $105,895,000 or $1.89 per share on total revenues of $222,680,000 against operating income of $106,425,000, net income of $93,092,000 or $2.09 per share on total revenues of $188,323,000 for the same period a year ago. FFO was $146,833,000 or $2.62 per share against $124,183,000 or $2.78 per share for the same period a year ago. Normalized FFO was $153,938,000 or $2.75 per share against $126,185,000 or $2.83 per share for the same period a year ago. The decline in Normalized FFO per share and net income per share for the year ended December 31, 2014 primarily resulted from the increase in SIR’s weighted average number of common shares outstanding from 44.5 million for the year ended December 31, 2013 to 56.0 million for the year ended December 31, 2014, which was partially offset by an increase in Normalized FFO and net income from recently acquired properties and positive leasing/rent resets at SIR’s Hawaii properties.

Select Income REIT Seeks Acquisitions

Select Income REIT (NYSE:SIR) is seeking acquisitions. David Blackman, President and Chief Operating Officer, said, "We have a pretty good pipeline of acquisition opportunities, right now, that we are in the process of underwriting. We don't have anything under agreement right now. We are continuing to look at acquisitions, consistent in the way that we have been, which would generally be cap rates mid-sevens to mid-eights - assets that we think our strategic to tenants. We continue to like corporate headquarter buildings and build-to-suit properties. If we can find acquisitions that we think are priced appropriately and make sense for our current cost to capital, we will make those acquisitions."

Select Income REIT to Report Q4, 2014 Results on Feb 18, 2015

Select Income REIT announced that they will report Q4, 2014 results at 1:00 PM, US Eastern Standard Time on Feb 18, 2015

 

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