Drum Income Plus REIT Plc has declared two interim dividends of 1.3125 pence per share in respect of the period since launch. In the absence of unforeseen circumstances, the company intends to pay dividends of 1.3125 pence per share in respect of the quarters ending 30 June 2016 and 30 September 2016. The dividend paid during the quarter to 31 March 2016 was fully covered by earnings for the period, and the Board is targeting fully covered aggregate quarterly dividends of at least 5.5 pence per share in respect of the year ending 30 September 2017 and at least 6.0 pence per share in respect of the year ending 30 September 2018.

The company announced unaudited earnings results for the six months and full year ended March 31, 2016. For the six months, the company reported total revenue of £1,158,000. Loss before finance costs and taxation was £754,000. Loss before taxation was £789,000. Loss for the period was £789,000 or 2.47 pence per basic and diluted share.

For the year, the company reported total revenue of £1,203,000. Loss before finance costs and taxation was £1,301,000. Loss before taxation was £1,299,000. Loss for the period was £1,299,000 or 4.85 pence per basic and diluted share. Net cash inflow from operating activities was £1,391,000. Purchase of investment properties was £42,500,000. Net asset value was 92.88 pence per ordinary share as of March 31, 2016 compared to 100 pence per ordinary share as of March 31, 2015.