$1,000 Invested at Inception(1)
(As of 12/31/2018)

Invested Inception Graph

(1) National Association of Real Estate Investments Trust Equities index and be found at www.nareit.com and Wilshire REIT index may be found at www.wilshire.com.

 


 

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), and Nebraska (Omaha, Lincoln).

Geographic Focus

 


 

Portfolio Highlights

Portfolio Highlights as of December 2018

 

Portfolio Value $164,000,000+
Number of Properties 22
Investments 5
Total Square Feet 1,458,000+
Loan-to-Value 48%

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 $10.00
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

Key Financial Metrics

Key Financial Metrics(1)

 

Year ended December 31
(Rounded to the 000s except per share amounts)
2016 2017 2018
Rental Revenue $9,988,000 $11,621,000 $13,993,000
Property NOI $5,831,000 $6,943,000 $8,259,000
Dividends Per Share(2) $0.66 $0.67 $0.67
Funds from Operations(3) $2,716,000 $2,934,000 $3,244,000
FFO Per Share $1.14 $0.95 $0.75
FFO Payout Ratio 59% 71% 89%
Adjusted Funds From Operations(4) $2,579,000 $2,818,000 $3,140,000
AFFO Per Share $1.09 $0.91 $0.73
AFFO Payout Ratio 62% 74% 92%
Interest Coverage Ratio(5) 3.1 X 3.3 X 3.3 X
Loan-To-Value Ratio 56% 49% 48%
Weighted Average Shares/Units Outstanding 2,376,000 3,097,000 4,324,000
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 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 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.