A trust that invests in commercial property. It seeks to pay monthly income. This trust may use gearing.
Not sure what it means when it says it seeks to pay monthly income.
Could someone explain me please?
I am thinking of using this to cover the costs here.
Sorry for such noob question.
A monthly dividend of 0.3333 pence per share* equates to an annualised dividend level of 4.00 pence per share.
*5.7% per annum yield, paid monthly
Down by 30% from last year which is understable due to fallen rental collections.
Thank you
They pay out a monthly dividend
January was 4.44p (6.58%)
February is 4.29 (6.41%) February 11 is next dividend date make sure to buy your shares before then.
Payout February 26
Does anyone know why this trust isn’t available to add to an ISA, only a GIA?
https://www.fidelity.co.uk/factsheet-data/factsheet/GB00BNGMZB68-ediston-property-investment-co-plc/key-statistics seems to indicate it should be able to be held in an ISA?
Colin
Scary headlines you post there
If you read the article it tells you their investment strategy and how robust it is.
Finishes by saying it’s a good time to invest in Edison.
Just saying
Completely, I hold a large position at 5% of my portfolio.
I thought the link would be useful for new investors however I didn’t think about the headline being offputting!
This is sounding like a little gem? And good progression from pandemic especially if going into warehouse sector,
How has everybody found the dividend? Paid on time and none missed?
Many thanks in advance
Got some shares last year at lower price. Dividends good so far, none missed. They are still looking for good yield opportunities to use up their last sale, but it might be a while yet before they find them. So price could be stuck here for a while, but happy to take the dividend.
Don’t mind price sticking as long as doesn’t go down divs can build nicely small and steady
How’s it going Lenny?
Did you invest? Are you happy with the results?
I find it helpful to put a little aside each month to invest in Ediston, then watch the price through the month and try and buy at the cheapest.
I have tried other strategies but this seems the best way for me to build up the sort of substantial holding to pay a decent dividend each month. I have been invested with them for long enough now to trust they pay their dividend.
The price is a bit wobbly but that’s where the monthly buy earns it’s boots
I made a small position to test the waters then obviously dropped in price I’ve only had 1 div payment as missed the first one! I will top up when get chance but it’s roughly just gone green so I’ll wait,
Price seems volatile but when get a good AVG sure it’ll be fine it’s only few quid down and few pence up just waiting on payday
Same!
I looked into investing in this but the ongoing charges seem substantial. I’m sticking with Reality income for now.
33% discount 7.8% dividend.
This company is heavily into retail parks. These have done far better than shopping centres post covid. Next and m&s confirm this. Its said they are finding other ways to increase profits such as Internet pick up and returns. Also easier to manage. Eventually when we buy everything over the Internet it will be easier to replace with housing.
Downside is there value is closely linked to the no risk gilts. As gilt yeilds go up there yield should rise to. Achieved via fall in the share price and therefore an increase in the dividend. Invariably followed by fall in the value of the properties (NAV).
The big but here is that although rent is not linked to gilts it is linked to inflation or base rates. Albeit with collar and cap (Minimum increase in rent and maximum rise).
This in my opinion will result in higher dividends but with a lag. Hence the fall is over done.
Just an opinion. I only own one reit (Newriver) doing terrible share price but i bought during crash so still in profit (just)
Again just an opinion
Ongoing charges are 3.45% (according to Hargreaves Lansdown).
Gearing is 53% which would be considered high. If I remember right they are getting rid of an office block the last of there non Retail parks. May not have gone through yet, so could see a reduction in gearing.
Has anybody not received dividend payment for 31st march? Still waiting it’s not normally this long?