Secure Income lives up to its name

Secure Income has lived up to its name by showing solid results for the first half of 2021. The specialist long-term income REIT’s portfolio inched up in value by 2% over the six months to just shy of £2bn, with net assets of £1.26bn. Passing rents also remained solid at £114.7m, a slight lift on last year’s £112m. However, shareholder returns have rebounded by 29%, following a share price recovery which closed the discount to NAV to just 3%. Non-executive chair Martin Moore said: “Following an undoubtedly turbulent 2020, we are pleased to be able to demonstrate with these results for the six months to 30 June 2021 that the growth trajectory of the company is recovering.” To send feedback, e-mail piers.wehner@eg.co.uk or tweet @PiersWehner or @EGPropertyNews