$1,000 Invested at Inception(1)
(As of 12/31/2019)

 


 

Geographic Focus

SR Realty Trust will invest in commercial real estate assets located in major metropolitan areas across the Upper Midwest.
The portfolio is currently composed of assets in Minnesota (Minneapolis-Saint Paul, Duluth), Missouri (Kansas City), Nebraska (Omaha, Lincoln), Iowa (Quad Cities), and Wisconsin (Milwaukee).

 


 

Portfolio Highlights

Portfolio Highlights as of December 2019

 

Portfolio Value $185,000,000+
Number of Properties 25
Investments 5
Total Square Feet 2,340,000+
Loan-to-Value 49%

Share History

Annual Volume and Price History

 

Year # of Shares Outstanding # of Units Outstanding Total # of Shares & Units Outstanding Price
2014 186,667 0 186,667 $9.00
2015 334,118 1,801,791 2,135,909 $10.00
2016 571,903 2,077,380 2,649,283 $10.75
2017 1,013,147 3,038,316 4,051,463 $11.65
2018 1,274,121 3,215,178 4,489,299 $12.00
2019 1,604,899 3,853,125 5,458,024 $12.50

Key Financial Metrics

Key Financial Metrics(1)

 

Year ended December 31
(Rounded to the 000s except per share amounts)
2017 2018 2019
Rental Revenue $11,621,000 $13,993,000 $16,372,000
Property NOI, $6,943,000 $8,259,000 $10,070,000
Dividends Per Share(2) $0.67 $0.67 $0.70
Funds from Operations(3) $2,934,000 $3,244,000 $4,751,000
FFO Per Share $0.95 $0.75 $0.94
FFO Payout Ratio 71% 89% 74%
Adjusted Funds From Operations(4) $2,818,000 $3,140,000 $4,260,000
AFFO Per Share $0.91 $0.73 $0.84
AFFO Payout Ratio 74% 92% 83%
Interest Coverage Ratio(5) 3.3 X 3.3 X 3.6 X
Loan-To-Value Ratio 51% 48% 49%
Weighted Average Shares/Units Outstanding 3,097,000 4,324,000 5,049,000
NOTES:
(1) Shares and per share amounts include both REIT shares and operating partnership units.
(2) Dividends Per Share is the annual average.
(3) FFO, a non-GAAP measure, is equal to net income, excluding gains or losses from sale of property, and adding back non-cash expenses such as depreciation and amortization.
(4) AFFO, a non-GAAP measure, is calculated by subtracting from FFO normalized recurring capital expenditures and miscellaneous non-cash charges.
(5) Interest coverage ratio is equal to net operating income divided by interest expense.