Secure Income REIT’s current 31% discount to net asset value (NAV) is pricing in “Armageddon” for the company’s non-healthcare assets, presenting “a very strong buying opportunity”, Stifel has said.
The £859m real estate investment trust has struggled during 2020, with its share price still 22.7% below where it was on 9 April, despite all bar one of its IT Property - UK Residential sector peers having bounced back from their Covid-induced losses to trade higher than where they were on the same date. Indeed, Stifel showed Secure Income's 31% discount to NAV stood in sharp contrast to a basket of income-focused property peers' average premium of 28%. Why investors shouldn't bet their house on REITs But analyst John Cahill believes that, assuming the company's healthcare assets t...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
