Depending when you bought you may be sitting on a substantial loss.
You would have built up a large position with the Trust, so stick to your task until it stick’s to you, as long as it continues to pay a dividend.
Current yield 7.6%
Discount to NAV 35%
Dividends
The Company has declared the following interim dividends in respect of the year:
Quarter to
Declared
Paid/to be paid
Amount (p)
30 June 2024
31 August 2024
6 October 2024
1.6
30 September 2024
22 November 2024
27 December 2024
1.6
Total
3.2
The total dividend was therefore in line with the Group’s target for the year of 3.2p. 1.6 dividends were property income distributions and 1.6 was a non-property income distribution. The cash cost of the total dividend for the year will be £13.6 million (30 September 2023: £13.6 million).
Nov 2024
19 February 2025
Warehouse REIT plc
(the “Company” or “Warehouse REIT”, together with its subsidiaries, the “Group”)
Dividend Declaration
The Company has declared its third interim dividend in respect of the third quarter of the financial year ending 31 March 2025 of 1.60 pence per ordinary share, payable on 11 April 2025 to shareholders on the register on 14 March 2025. The ex-dividend date will be 13 March 2025.
The dividend of 1.60 pence per ordinary share will be paid in full as a Property Income Distribution.
“First of all, never play macho man with the market. Second, never overtrade”. – Paul Tudor Jones
Most investors prefer to do something rather than do nothing, even when that something often proves to be an unnecessary mistake, notably overtrading. Overtrading, or excessive buying and selling or churning of investments, is a mistake that can erode total returns.
It is essentially the mistake of being a ‘busy fool’ or being reactive rather than proactive. We can often believe we are being productive by continually reacting to changes in our investments when we are doing so unnecessarily.
Frequent trading often incurs additional transaction costs and increases the chances of making impulsive, ill-informed and costly decisions. Investors should adopt a disciplined approach and resist the urge to trade excessively.
It is essential to identify a well-defined strategy and stick to it, avoiding unnecessary transaction costs and potential losses. One of the main mistakes people make when trading or investing is focusing only on making very high returns in a short period.
abrdn Equity Income Trust PLC ex-dividend date abrdn European Logistics Income PLC ex-dividend date Alliance Witan PLC ex-dividend date Downing Renewables & Infrastructure Trust PLC ex-dividend date Scottish American Investment Co PLC ex-dividend date Triple Point Venture VCT PLC ex-dividend date
If you had bought after the Covid crash and simply re-invested the dividends, you are near to achieving the holy grail of investing in that you will be able to take out your stake and re-invest in another high yielder.
Current yield on RECI 9.7%, if you re-invested the capital in another Trust (for comparison purposes only) of 10.3% your yield on invested capital would be 20%.
Long term investing and if you look at the start of the chart, a good reason for booking profits and re-investing to spread the risk.
Again a simple do nothing strategy, apart from re-investing the dividends.
Is the dividend secure ?
The fcast is to flatline at the current yield of 9.7% based on todays price.
What do they do ?
Real Estate Credit Investments Limited (RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial or residential properties in the United Kingdom and Western Europe.
RECI is externally managed by Cheyne Capital’s real estate business was formed in 2008 and currently manages $6.5bn via private funds and managed accounts. Its investments span the entire spectrum of real estate risk from senior loans, mezzanine loans, special situations to direct asset development and management.
RECI’s aim is to deliver a stable quarterly dividend with minimal portfolio volatility, across economic and credit cycles, through a levered exposure to real estate credit investments.
Investments may take different forms but are principally in:
Self-Originated Deals: predominantly bilateral senior real estate loans and bonds
Market Bonds: listed real estate debt securities such as Commercial Mortgage Backed Securities (CMBS) bonds.
Loan arranger, higher risk but loans secured on property provides some security.
Not that one though.
Real Estate Credit Investments Limited (the “Company”)
Ordinary Dividend for RECI LN (Ordinary shares)
Real Estate Credit Investments Limited announces today that it has declared a third interim dividend of 3.0 pence per Ordinary Share for the year ending 31 March 2025. The dividend is to be paid on 4 April 2025 to Ordinary Shareholders on the register at the close of business on 14 March 2025. The ex-dividend date is 13 March 2025.
How you could bank tens of thousands of dollars in yearly dividend cash for every $500,000 invested, and …
A half-million dollars is a lot of money. Unfortunately, it won’t generate much income today if you limit yourself to popular mainstream investments.
The 10-year Treasury pays around 4% as I write this. That’s not bad, historically speaking, but put your $500K in them and you’re only looking at $20,000, barely over the poverty level for a two-person household. Yikes.
And dividend-paying stocks don’t yield nearly enough. For example, Vanguard’s popular Dividend Appreciation ETF (VIG) pays around 1.7%. Sad.
When investment income falls short, retirees are often forced to sell their investments to supplement their income.
Of course, the problem here is that when capital is sold, the payout stream takes an immediate hit – so that more capital must be sold next time, and so on.
Avoid the Share Selling “Death Spiral”
Some financial advisors (who are not retired themselves, by the way) say that you can safely withdraw and spend, say, 4% of your retirement portfolio every year. Or whatever percentage they manipulate their spreadsheet to say.
Problem is, in reality, every few years you’re faced with a chart that looks like this.
Apple’s Dividend Was Fine – Its Stock Wasn’t
As you can see, the dividend (orange line above) is fine — growing, even — but you’re selling at a 25% loss!
In other words, you’re forced to sell more shares to supplement your income when they’re depressed.
Remember the benefits of dollar-cost averaging that built your portfolio? You bought regularly, and were able to buy more shares when prices were low?
In this case, you’re forced to sell more shares when prices are low.
When shares rebound, you need an even bigger gain just to get back to your original value.
The Only Reliable Retirement Solution
Instead of ever selling your stocks, you should instead make sure you live on dividends alone so that you never have to touch your capital.
This is easier said than done, and obviously the more money you have, the better off you are. But with yields still pretty low, even rich folks are having a tough time living off of interest today.
And you can actually live better than they can off of a (much) more modest nest egg if you know where to look for lesser-known, meaningful and secure yield.
I’m talking about annual income of 8%, 9% or even 10%+ so that you’re banking $50,000 (and potentially more) each year for every $500,000 you invest.
You and I both know an income stream like that is a very nice head start to a well-funded retirement.
And it’s totally scalable: Got more? Great!
We’ll keep building up your income stream, right along with your additional capital.
And you’ll never have to touch your nest egg capital – which means you won’t have to worry about or running out of money in retirement, or even the day-to-day ups and downs of the stock market.
The only thing you need to concern yourself with is the security of your dividends.
As long as your payouts are safe, who cares if your stock prices swing up or down on a given day?
Most investors know this is the right approach to retirement.
Problem is, they don’t know how to find 8%, and 10% yields to fund their lives.
And when they do find high yields, they’re not sure if these payouts are safe. Will the company or fund have enough cash flow to pay the dividends into the future?
And how sensitive are these payouts to the latest headline, Fed policy changes or unrest on the other side of the globe?
The ONE Thing You Must Remember
If I could leave you with just one nugget of investing wisdom today, it would be to NEVER overlook the incredible wealth-building power of dividends.
Few investors realize how important these unglamorous workhorses actually are.
Here’s a perfect example…
If you put $1,000 in the dividend-paying stocks of the S&P 500 back in 1973, you would have had $87,560 by 2023, or 87x your money.
But the same $1,000 in the non-dividend payers would have grown to just $8,430 — 90% less.
That’s why I’m a dividend fan.
The stock market is a fantastic wealth-building machine, but it doesn’t always go straight up!
There have been plenty of 10-year periods where the only money investors made was in dividends.
And that’s what gives us dividend investors such an edge.
When you lock in an 8%+ yield, you’re booking an income stream that’s bigger than the stock market’s long-term average return right off the bat.
Of course you can’t just buy every ticker symbol out there with a flashy yield, or you’ll get burned pretty fast.
So let’s wipe the false promises of mainstream finance from our minds and start thinking the “No Withdrawal” way…
Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust with secure, inflation-linked, long-dated income from grocery property, is pleased to announce its progress against a number of key portfolio initiatives which were outlined in the announcement on 18 November 2024. These significant actions demonstrate the attractions of our high quality portfolio, our conservative valuations and our ability to recycle capital to drive earnings accretion.
Sale of Tesco, Newmarket for £63.5 million
The Company has completed the sale of Tesco, Newmarket to its operator, Tesco plc, for £63.5 million. The sale was completed at a 7.4% premium to the 30 June 2024 valuation. This sale of a large format omnichannel store at an attractive valuation, underlines the strategic importance of the Company’s assets to the supermarket operators. The passing rent of the store upon disposal was £3.5 million.
In recycling the proceeds, the Board will consider options to create accretive value for shareholders.
The Company continues to actively explore opportunities to recycle capital through individual asset sales and potential joint ventures at attractive valuations.
Lease renewals – average 4% rent to turnover[1] and 35% above MSCI rents
The Company has successfully completed three lease renewals on Tesco stores located in Bracknell, Bristol and Thetford, which were the three shortest leased Tesco stores in the Company’s portfolio. These store leases have been renewed at an average 4% rent to turnover1, 35% above MSCI’s supermarket benchmark index and 13% above the Company’s valuer’s estimated rental values (as at 30 June 2024). The leases have been extended to 15 years with annual RPI-linked rent reviews (subject to a 4% cap and a 0% floor). The regeared stores are expected to benefit from a capital value growth which will be fully reflected in the 30 June 2025 valuation.
The lease renewals demonstrate the affordable rental levels for the Company’s strong trading, large format omnichannel stores. The Company’s WAULT has increased from 11 years to 12 years[2]. The Company’s next material lease expiry is not until 2032[3].
Earnings enhancing acquisitions – nine omnichannel Carrefour supermarkets in France
The Company has continued to demonstrate its ability to deploy capital into earnings enhancing assets with an attractive spread to the cost of debt. The Company has completed the acquisition of a portfolio of a further nine omnichannel Carrefour supermarkets in France. The stores were acquired through a direct sale and leaseback transaction (“SLB”) with Carrefour, for a total purchase price of €36.7 million (excluding acquisition costs), at a portfolio net initial yield of 6.8%[4]. The Company now has 26 Carrefour stores in France, representing c. 5%[5] of its gross assets.
The nine stores, which have an average gross internal area of c. 40,000 sq ft per store, operate under the Carrefour Market brand and are all well established with long trading histories and low competition in their catchment areas. These omnichannel supermarkets form part of Carrefour’s “Drive” online grocery fulfilment network.
The SLB portfolio has been acquired on a weighted average lease term of 12 years (with a tenant-only break option in year 10), subject to annual uncapped inflation-linked rent reviews.
This acquisition was financed through a private placement with an institutional investor for €39 million of new senior unsecured notes (the “Notes”). The Notes have a maturity of seven years and a fixed rate coupon of 4.1%.
Following the placement of the Notes and receipt of proceeds from the sale of Tesco, Newmarket, the Company has a pro-forma LTV of 38%.
Nick Hewson, Chair of Supermarket Income REIT plc, commented:
“We have made significant progress on the portfolio initiatives that we set out in November 2024, which together are intended to support our earnings growth. These transactions highlight the inherent value of the portfolio, the importance of these stores for the grocery operators and our ability to crystalise value as part of our capital recycling strategy. We remain focused on continuing to make good progress with our remaining strategic initiatives, including delivering further cost savings for the Company, and we look forward to updating the market in due course.”
Real estate investment trusts (REITs) are designed to support investors in building a reliable second income.
In exchange for breaks on corporation tax, these entities must pay 90% of profits from their rental operations out in the form of dividends. Many of these property investment trusts even regularly exceed this threshold.
All dividends received are invested back into the Snowbal
The income fcast, after year ten is £15.5k
The Target is £17.2k
Increasing yearly if you have longer to re-invest the dividends.
I will publish the current Snowball portfolio next week but your portfolio should reflect the number of years before you want to withdraw your income, you don’t have to wait to retire and your risk/reward tolerance, so it should be different to the current Snowball.
Here’s my strategy to enjoy a first-class retirement with passive income from UK dividend shares
Mark Hartley outlines his long-term plan to earn a lucrative second income in retirement by investing in high-yield dividend shares.
Posted by Mark Hartley
Image source: Getty Images
When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.
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There are few things in this world more enjoyable than earning cash without lifting a finger. That’s the beauty of investing in dividend shares. The regular payments sent to shareholders feel like free money sent from above.
That’s why I’m on a life-long mission to build a steady passive income stream from dividends.
First, I must build up my portfolio’s value through the miracle of compounding returns. Initially, I can accelerate this process by reinvesting my dividends. I can further optimise my growth with a Stocks and Shares ISA, allowing me to invest up to £20,000 per year with no tax on the capital gains.
Once the pot is large enough, I can start withdrawing my dividends as income and enjoy a comfortable retirement.
Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions.
What’s the catch?
Does the above sound too good to be true? I’ll admit, it isn’t easy — but it is possible! For it to work, three things are required: patience, dedication and a market-beating portfolio of the best dividend stocks in the UK.
Choosing the right dividend stocks isn’t always easy. There are several factors to consider, like the yield, payout ratio, and dividend growth history. It’s equally important to assess the financial stability of a company by checking its debt and cash flow.
The ideal dividend stock has strong cash flow, a sustainable payout ratio, and a history of increasing dividends. A high yield is great, but only if the company can afford to maintain it.
How to build wealth with dividends
An investment of £10,000, in a portfolio yielding 7%, would generate £700 in annual dividends. Reinvesting these payouts means the portfolio would grow modestly and could double in just over 10 years.
With the contribution of a further £3,000 per year to that portfolio, it could soar beyond £70k in 10 years. In 20 years, it could be over £200k, paying dividends of £7,500 per year.
That’s the power of compounding — turning today’s dividends into tomorrow’s wealth.
Stock picking
Achieving a portfolio yielding 7% requires very careful stock picking. Long-term dividend investors tend to avoid popular, trending stocks and opt for safe, boring companies.
Gas and electricity supplier National Grid (LSE: NG.) could fit the bill. It’s often cited as one of the best UK dividend stocks and is frequently found in passive income portfolios. The shares enjoy moderately stable growth, up 108% in the past decade. But more importantly, it pays a reliable dividend with a 5.8% yield.
Recently, it’s faced the risk of losses in its efforts to meet energy transition goals. This has been compounded by higher labour expenses as a result of the new UK Budget. If expenses get too high, it may have to cut its dividend to save capital for daily operations.
As a highly-established and critical utility provider, it’s likely to remain in high demand for decades to come. It also exhibits defensive qualities, typically performing well even through economic downturns.
There are many similar UK stocks with high yields and steady dividend growth on the FTSE 100. Some examples include Legal & General, British American Tobacco, and Tritax Big Box REIT.
By reinvesting dividends now and staying patient, I’m building towards a future where my investments pay me instead of the other way around. The road to financial freedom starts with smart choices today.
Investment Companies: A Great British Success Story
Sub-scale funds leaving the market, not the only game in town in London’s investment co. space. If the no. of trusts in the FTSE100 is anything to go by, larger funds are going from strength to strength: Polar Capital Technology (PCT) and AllianceWitan (ALW), the latest to gain FTSE100 promotion. With multiple funds in the FTSE250 with multi-billion market caps, chances are they won’t be the last.
By Frank Buhagiar
The Great British Success Story label for investment companies is not referring to those halcyon days at the beginning of the decade when IPOs (Initial Public Offerings) of alternative funds investing in weird and wonderful assets such as battery energy storage projects, life sciences parks, hydrogen or even space were aplenty. Or even when Scottish Mortgage’s (SMT) share price could do no wrong and powered ever upwards – over the 10 years to 30 September 2021, SMT’s net asset value (NAV) per share increased by +1,072% versus a +275% increase in the FTSE All-World index (both in total return terms) according to the global fund’s interim management report of 08 November 2021.
No, Great British Success story refers to the here and now. That might seem somewhat out of kilter with what’s been going on in the sector these past few years. After all, not a week goes by it seems without a fund announcing plans to wind down, buy back shares, launch a tender, hold a continuation vote, cut its fees or introduce some other mechanism to tackle a gaping share price discount to net assets or to fend off the unwelcome attention of an activist investor. Fair to say a large number of these funds are on the small side, believed to be sub-scale and therefore not considered suitable by super-sized wealth managers, themselves the product of their own wave of corporate activity and consolidation.
Sub-scale funds winding up or being taken over is not the only story playing out in London’s investment company sector, however. Another is at work, one that is perhaps flying under the radar – growing representation of investment companies in London’s largest stock market indices, specifically the FTSE 100 and FTSE 250.
Take the FTSE 100. More and more funds are being promoted to the top-tier index. Polar Capital Technology (PCT), the latest to gain entry earlier this month. It’s been a relatively rapid rise for the trust. As per the Company’s press release of 3 February 2025 the fund was launched in 1996 as the Henderson Technology Trust. Management of the fund was transferred to Polar Capital in 2001. Five years later, current lead manager Ben Rogoff took over the reins. Under Rogoff and his team’s stewardship, the trust’s assets and market cap have grown to £4.6bn and £4.4bn respectively, enough to warrant inclusion in the FTSE 100.
And from the sounds of it, Rogoff sees more of the same going forwards “More than anything, our inclusion in the FTSE 100 Index reflects the extraordinary nature of technology, its ability to reinvent industries, create massive new markets and drive superior returns for investors. Technology has conquered distance, connected billions and democratised knowledge. Today, rapid innovation is propelling AI towards superhuman capability. While market fluctuations are inevitable, PCT is well positioned for the AI-era which we expect to be one of the most exciting and transformative investment opportunities of our lifetimes.”
PCT isn’t the only investment company to gain promotion to the FTSE 100 in recent months. October 2024, saw Alliance Witan (ALW) enter the index following the tie-up between two globals, Alliance and Witan, to create a £5bn plus fund. June 2024 saw LondonMetric Property (LMP) achieve the same feat after a run of acquisitions. There have been others too. The world’s oldest investment trust, F&C IT (FCIT), won promotion in September 2022. December 2020, it was the turn of Bill Ackman’s Pershing Square Holdings (PSH). A steady increase in the number of FTSE 100 investment trusts then. Today, if you include the three real estate investment trusts (REITs), there are no less than nine funds in the FTSE or to put it another way almost 10% of the UK’s number one index are investment companies:
FundMarket CapSector
3I Group (III)£39.5bn Private Equity
Alliance Witan (ALW)£5.2bn
GlobalBritish Land REIT (BLND)£3.7bnProperty
F&C (FCIT) £5.7bn
Global Land Securities (LAND)£4.3bn
PropertyLondonMetric (LMP)£3.9bn
PropertyPershing Square (PSH) £8.1bn
North AmericaPolar Capital Tech (PCT) £4.4bnTechnology
Scottish Mortgage (SMT)£13.6bn Global
And chances are, the number of investment companies in the FTSE 100 will continue to grow. That’s because there is a healthy smattering of funds with multi-billion-pound market caps in the FTSE 250 chomping at the heels of the smallest FTSE 100 companies.
There’s yet another property company, warehouse investor Tritax Big Box (BBOX), on a £3.7bn market cap. Then there is JPMorgan Global Growth & Income (JGGI) with a soon-to-be be increased £3bn market cap once its latest acquisition – Henderson International Income (HINT) – completes. If it does, that would be JGGI’s fourth acquisition in three years – JGGI single-handedly doing its bit to solve the sub-scale fund problem at the smaller end of the investment trust spectrum.
3I Infrastructure (3IN), not far behind with a £3bn market cap and that’s despite seeing its share price move from a -2.8% discount to net assets as recently as 1 August 2024 to -14% just six months later.
Petershill Partners (PHLL), another alternative fund on a £3bn-ish market cap. Shares in the Goldman Sachs-backed fund that pioneered investing in middle-market alternative asset managers were the second-best performer in the sector in 2024 with a +68.9% gain.
Flexible investor RIT Capital Partners (RCP) not far behind with its £2.7bn market cap. SMT’s stablemate Monks (MNKS) is next on £2.6bn before the first renewable Greencoat UK Wind (UKW) on £2.5bn, proving not all in the sector have the sub-scale tag.
Private equity fund, HgCapital (HGT) and infrastructure funds HICL Infrastructure (HICL) and International Public Partnerships (INPP) meanwhile all with market caps in the £2.2bn -2.3bn range.
And it’s not just alternatives, conventionals too among the largest in the FTSE 250 including City of London (CTY), JPMorgan American (JAM), Caledonian (CLDN) and Smithson (SSON), all on £2bn market caps.
There’s a whole host of names with market caps just shy of £2bn too – Allianz Technology (ATT), Mercantile (MRC), Renewables Infrastructure Group (TRIG), Templeton Emerging Markets (TEM), Murray International (MYI), Worldwide Healthcare (WWH) and Personal Assets (PNL).
Could go on, but point made – even in today’s challenging higher interest rate environment particularly for the alternatives, London is not short of large-scale investment companies. Some of these large scalers are growing with the help of acquisitions such as JGGI, others just on performance alone such as PCT.
And here’s the nub, with operating companies leaving London’s stock markets either through takeovers or going private or overseas, chances are investment company representation in the larger indices will increase in the years ahead. It’s not impossible that the investment company subsector then could one day be among the FTSE 100’s biggest. If that happens, then the Great British Success Story that is investment companies will no longer be flying under the radar but will be there for all to see.
