reports
- Martyn King
Channel Islands Property Fund - Termination of coverage
Edison Investment Research is terminating coverage on Channel Islands Property Fund (CIPF). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our website.
- Martyn King
Channel Islands Property Fund - Channel Islanders working from the off...
Channel Islands Property Fund (CIPF) recorded a 5% y-o-y increase in rental income in H123 (to end March 2023) as the fund continues to see 100% rent collection and reduced its vacancy rate to just 2.3%. The manager remains confident in CIPF’s income generation, as the portfolio is characterised by long lease terms (the weighted average unexpired lease term, or WAULT, is over 11 years), and 75% of CIPF’s debt is hedged against interest rate rises until 2027 to its expiry. The fund continues to d...
- Martyn King
Channel Islands Property Fund - Sound income stream
Channel Islands Property Fund (CIPF) has proved to be a resilient investment since its launch in 2010 and remains an attractive income-generating fund with a 6.6% dividend yield. The markets it operates in, the Channel Islands and the Isle of Man, are withstanding current uncertainties over a potential recession and increasing interest rates relatively well compared to mainland UK in terms of property valuation. Nevertheless, CIPF management entered into two derivative agreements in FY22 to hedg...
- Martyn King
Channel Islands Property Fund - Income is the name of the game
Channel Islands Property Fund (CIPF) has proved a resilient investment since its launch in 2010 and remains an attractive income-generating investment. Its defensive characteristics were highlighted during the pandemic when 100% of anticipated rent was received throughout the period. This regular and predictable revenue stream allowed it to declare and distribute its ongoing quarterly dividend of 1.65p/share, arguably justifying its 5.3% premium to NAV. It currently yields 6.5%, which is attract...
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