Select Income REIT

Select Income REIT is a REIT that owns and invests in lands and properties that are primarily net leased to single tenants. As of September 30, 2015, we owned 118 properties (359 buildings, leasable land parcels and easements) with approximately 44.6 million rentable square feet located in 35 states, including 11 properties (229 buildings, leasable land parcels and easements) with approximately 17.8 million square feet which are primarily leasable industrial and commercial lands located in Hawaii. On January 29, 2015, we completed our acquisition of Cole Corporate Income Trust, Inc., or CCIT, for total consideration of approximately $3.0 billion, including the assumption of approximately $297.7 million of mortgage debt principal and excluding acquisition costs. Concurrently with the transaction’s close, we sold 23 healthcare related properties included in CCIT’s property portfolio for approximately $539.0 million (including the assumption of approximately $30.0 million of mortgage debt) resulting in a net purchase price to us of approximately $2.4 billion for 64 office and industrial single tenant net leased properties.
Type
Public
HQ
Newton, US
Select Income REIT is headquartered in Newton, US

Select Income REIT Office Locations

Select Income REIT has an office in Newton
Newton, US (HQ)
300 255 Washington St

Select Income REIT Data and Metrics

Select Income REIT Financial Metrics

Select Income REIT's revenue was reported to be $116.3 m in Q1, 2017
USD

Revenue (Q1, 2017)

116.3 m

Net income (Q1, 2017)

6.7 m

EBIT (Q1, 2017)

27.4 m

Market capitalization (15-Aug-2017)

2.1 b

Cash (31-Mar-2017)

18.1 m
Select Income REIT's current market capitalization is $2.1 b.
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

188.3 m222.7 m428.4 m462 m

Revenue growth, %

18%92%8%

General and administrative expense

28.6 b

Operating expense total

104.1 m250.2 m264 b

EBIT

106.4 m118.6 m178.2 m198 b

EBIT margin, %

57%53%42%42860%

Interest expense

7.6 m13.8 m13 m73.9 m82.6 b

Income tax expense

290 k(96 k)(175 k)(515 k)(448 m)

Net Income

93.1 m105.9 m74.9 m116.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

56.6 m56.7 m94.4 m107.2 m111.9 m117.2 m114.9 m115 m116.3 m

General and administrative expense

2.2 m3.7 m6.8 m6.4 m6.3 m7 m7.4 m7.6 m14.9 m

Operating expense total

2.2 m3.7 m6.8 m6.4 m6.3 m7 m7.4 m7.6 m14.9 m

EBIT

33.7 m26.7 m25 m48.9 m51 m53.5 m51 m49 m27.4 m

EBIT margin, %

60%47%26%46%46%46%44%43%24%

Interest expense

(3.6 m)(3 m)(14.2 m)(19.5 m)(20 m)(20.6 m)(20.6 m)(20.7 m)(21.1 m)

Income tax expense

(19 k)(30 k)(31 k)(195 k)(98 k)(139 k)(124 k)(107 k)(102 k)

Net Income

30.2 m23.7 m4 m29.2 m30.8 m32.8 m30.8 m28.6 m6.7 m
USDY, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

20.4 m20 m13.5 m17.9 m22.1 m

Accounts Receivable

4.6 k

Total Assets

1.8 b2 b4.7 b4.6 b

Accounts Payable

20.7 m18.9 m105.4 m462.3 k

Total Liabilities

2.6 b

Additional Paid-in Capital

1.2 b1.4 b2.2 b2.2 b

Total Equity

1.2 b1.5 b2.1 b2.1 b

Financial Leverage

1.5 x1.3 x2.2 x2.2 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

20.8 m14.7 m33.9 m22.7 m25.2 m31.3 m10.8 m16.7 m18.1 m

Total Assets

2 b2 b4.6 b4.6 b4.8 b4.7 b4.6 b4.7 b4.6 b

Accounts Payable

19.1 m25.4 m46.8 m

Additional Paid-in Capital

1.4 b1.4 b2.2 b2.2 b2.2 b2.2 b2.2 b2.2 b2.2 b

Total Equity

1.5 b1.5 b2.2 b2.2 b2.2 b2.1 b2.1 b2.1 b2.1 b

Financial Leverage

1.3 x1.3 x2.1 x2.1 x2.2 x2.2 x2.2 x2.2 x2.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

93.1 m105.9 m74.9 m116.4 m

Depreciation and Amortization

20.5 m41.1 m122.9 m78.2 m

Accounts Payable

1.4 m18.9 m28.3 m(572 k)

Cash From Operating Activities

111.8 m(6.5 m)227.8 m232.6 m

Cash From Investing Activities

(1.7 b)(26.9 m)

Cash From Financing Activities

1.5 b(201.4 m)

Interest Paid

12.1 m45.1 m76.9 m

Income Taxes Paid

159 k293 k428 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

30.2 m23.7 m4 m29.2 m30.8 m32.8 m30.8 m28.6 m6.7 m

Depreciation and Amortization

10.5 m10.7 m24.7 m32.4 m33.1 m33.5 m33.4 m33.4 m33.7 m

Accounts Payable

19.1 m25.4 m46.8 m98.9 m92.5 m86.1 m98 m89.4 m80.9 m
Y, 2017

Financial Leverage

2.2 x

Select Income REIT Market Value History

Traffic Overview of Select Income REIT

Select Income REIT Company Life and Culture

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