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Last $18.75 USD
Change Today +0.04 / 0.21%
Volume 491.9K
SIR On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

select income reit (SIR) Snapshot

Open
$18.75
Previous Close
$18.71
Day High
$18.92
Day Low
$18.66
52 Week High
09/2/14 - $27.73
52 Week Low
08/25/15 - $18.00
Market Cap
1.7B
Average Volume 10 Days
660.6K
EPS TTM
$1.32
Shares Outstanding
89.3M
EX-Date
07/22/15
P/E TM
14.2x
Dividend
$2.00
Dividend Yield
7.86%
Current Stock Chart for SELECT INCOME REIT (SIR)

select income reit (SIR) Related Businessweek News

No Related Businessweek News Found

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 2015.

select income reit (SIR) Key Developments

Select Income REIT Purchases the 24-Story Crown Center Office Tower

Select Income REIT has purchased the 24-story Crown Center office tower that serves as the headquarters for Kansas City law firm Shook Hardy & Bacon LLP. Select Income REIT bought the Class A building, which includes 595,607 rentable square feet, at 2555 Grand Blvd. for $153.5 million - or about $258 per foot. The building was built from 2001 to 2003 for Shook Hardy, which occupies the entire facility. Houston-based Hines Interests LP purchased it in 2008 from Crown Center Redevelopment Corp. for $155.8 million.

Select Income REIT Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Select Income REIT announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced total revenues of $107,214,000 compared to $56,557,000 for the same period a year ago. Operating income was $48,857,000 compared to $33,743,000 for the same period a year ago. Income before income tax expense and equity in earnings of an investee was $29,360,000 compared to $30,109,000 for the same period a year ago. Net income was $29,188,000 compared to $30,208,000 for the same period a year ago. Net income attributed to the company was $29,140,000 compared to $30,208,000 for the same period a year ago. Basic and diluted net income attributed to the company per common share was $0.33 compared to $0.56 for the same period a year ago. FFO attributed to the company was $61,464,000 compared to $40,703,000 for the same period a year ago. Normalized FFO attributed to the company was $62,240,000 compared to $39,228,000 for the same period a year ago. FFO attributed to the company per share, basic and diluted was $0.69 compared to $0.75 for the same period a year ago. Normalized FFO attributed to the company per share, basic and diluted was $0.70 compared to $0.72 for the same period a year ago. NOI was $88,394,000 compared to $46,572,000 for the same period a year ago. Cash basis NOI was $80,460,000 compared to $41,917,000 for the same period a year ago. The decline in normalized FFO per share and net income per share for the quarter ended June 30, 2015 primarily resulted from the increase in the company’s weighted average number of common shares for the quarter ended June 30, 2015 compared to the quarter ended June 30, 2014, which was partially offset by increases in Normalized FFO and net income from acquisitions, including the acquisition of Cole Corporate Income Trust, and by the positive impact of leasing activity and rent resets at the company’s Hawaii properties. For the full year, the company announced total revenues of $201,629,000 compared to $109,585,000 for the same period a year ago. Operating income was $73,858,000 compared to $62,084,000 for the same period a year ago. Income before income tax expense and equity in earnings of an investee was $33,337,000 compared to $55,335,000 for the same period a year ago. Net income was $33,206,000 compared to $55,266,000 for the same period a year ago. Net income attributed to the company was $33,117,000 compared to $55,266,000 for the same period a year ago. Basic and diluted net income attributed to the company per common share was $0.39 compared to $1.06 for the same period a year ago. FFO attributed to the company was $90,118,000 compared to $75,055,000 for the same period a year ago. Normalized FFO attributed to the company was $118,219,000 compared to $75,613,000 for the same period a year ago. FFO attributed to the company per share, basic and diluted was $1.07 compared to $1.44 for the same period a year ago. Normalized FFO attributed to the company per share, basic and diluted was $1.41 compared to $1.45 for the same period a year ago. NOI was $165,445,000 compared to $89,621,000 for the same period a year ago. Cash basis NOI was $150,828,000 compared to $81,487,000 for the same period a year ago.

Select Income REIT to Report Q2, 2015 Results on Jul 28, 2015

Select Income REIT announced that they will report Q2, 2015 results at 10:00 AM, US Eastern Standard Time on Jul 28, 2015

 

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