My name is Bond James Bond
26 Feb 2015
Re: Dividend benefits REIT status brings... As an aside I hold all my REITS in an ISA. Don't want to have the 20% tax on the rental yield withheld. Had to do a minor portfolio adjustments when FCRE announce the conversion as a large chunk of these were previously held outside the ISA.Regar
My name is Bond James Bond
26 Feb 2015
Re: Dividend benefits REIT status brings... REIT conversion was at the start of January. This latest dividend is for the 3 months to the end of December prior to REIT conversion. The next dividend will be the first that has to be split between income and capital payments. Same applies to SLI who went though a similar REIT conversion. Those who are looking at ESP could also look at DIGS who are a similar company with a longer track record. It may give you some indication of the future direction of ESP. ESP are placing a large number of shares over the next few months to cover the costs of acquisitions and grow the scale of business. In the short to medium term this could hold the share price back. Predicted yield from the middle of 21015 linked to at least RPI looks secure though.Regar
Ben Alligin
24 Feb 2015
Re: Dividend benefits REIT status brings... I'm not sure where you will find a better property investment. I've looked at the AIC property sector figures at[link] are only two investment companies with a higher yield, namely Empiric Student Property and Standard Life Investments Property income. Empiric seems to be a new company since there are no past data for it, while Standard Life is very similar to FCRE in terms of premium and gearing.
Krayl
24 Feb 2015
Re: Dividend benefits REIT status brings... Looking at the chart on Trustnet, which includes NAV:[link] can't bring myself to sell when there is such a strong upward trend. I will be keeping a close eye on this and move for a higher dividend when the rise stops.
soi
24 Feb 2015
Re: Dividend benefits REIT status brings... I sold half earlier at 98.2Good capital gain and decent dividends along the way but unless they raise the dividend, might just be able to find betterATBsoi
foolish learner
24 Feb 2015
Re: Dividend benefits REIT status brings... not the most exciting statement in the report"The dividend is currently at a sustainable level and in the absence of unforeseen circumstances, it is expected that the Company will continue to pay quarterly dividends at this rate, the equivalent of 5 pence per share per annum.not very encouraging simply confirming that the 5p is sustainable with out any in"I took my capital gains from FCPT to take up these anticipating a rise in the dividend and capital, but no real gain after trading cost, So looks like a hold for a while and anticptate the sister holding to come down a little in price to go back in t
trivaskus
24 Feb 2015
Re: Dividend benefits REIT status brings... Now sign of any extra dividend this quarter!
soi
24 Feb 2015
Re: Dividend benefits REIT status brings... HiI think that the REIT ruling is that they have to pay at least 90 % of net earnings as dividends.However I also think, fairly sure they can pay more than that provided they have the cash reserves of course.I believe as an e.g. PCTN used to.MXF do so currently, their generous dividend is only approx 50-55 % of net earnings, in their case obviously part of the divi is being paid out of capital.2nd thought is similar/same to Krayl, I have also noticed FCRE`s strong rise, now only yields about 5.1 %, OK still good but when I initially bought ( as 2 separate companies ) it was 8-9 % approx.Not complaining about the rise of course but wondering if it is banging on the roof so to speak.Undecided, have a fair chunk, maybe sell half ?All the Bestsoi
Krayl
12 Jan 2015
Re: Dividend benefits REIT status brings... I may have this totally wrong, but as I understand it now that FCRE is a REIT they will pay out 90% of the earnings as dividend. So instead of the nice steady 5,6 or 7p a year they have been paying, they will now pay anything from about 2p to 20p according to the eps for that year. And why does the eps vary so much anyway?Under the old regime I was thinking that this may be a sell as it is paying not much over 5% and it looks like it may have reached the limit of its capital rise, having now got a hefty premium over NAV. My income portfolio is all for stability and high income, so this may have to go soon - or am I not looking at this right?
