QuotedData Update | REITs 16 May 2017 Drum Income Plus REIT Delivering on promises DRUM Income Plus REIT (DRIP) focuses on acquiring properties overlooked by large institutional and overseas buyers (smaller lot sizes, multi-let). It provided an NAV total return of 2.4% in Q1 2017 (1.6% of which related to income and 0.8% to capital). Its most recent acquisitions (the latest, Kew Retail Park, was announced on 11 May) were, the manager thinks, made at particularly attractive net initial yields and the manager is engaged in a number of asset management initiatives with the aim of further improving income from the portfolio. DRIP recently issued some shares; it remains small, but still has a...
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