NEX EXCHANGE CASE STUDY – WALLS & FUTURES REIT
What does your company do?
Walls & Futures REIT is a Real Estate Investment Trust committed to delivering long-term income and capital growth by investing in residential property across the UK. We acquire, develop and manage property, with a particular focus on London and the South East for the private rental sector and country-wide for the social housing sector. Our long-term target is an annual return of 7-9 per cent with an estimated annual 3-4 per cent distribution yield.
What are the advantages of listing your company on NEX Exchange?
NEX Exchange provides us with the regulatory framework required for our status as a REIT. It’s also the most cost effective exchange for us in terms of joining and ongoing charges related to maintaining our listing. Finally, it provides us a trading platform to support our future growth, greater access to capital, enhanced visibility and a market place for investors to buy and sell.
Where do you hope the business will be in three years’ time?
Investing directly in residential property has become more onerous, especially with recent changes to SDLT and tax relief. For some it has become unaffordable as buy-to-let mortgages require higher deposits.
Our hope is that investors see Walls & Futures as the hassle free alternative to buy-to-let, gaining exposure to a diverse portfolio with minimal capital. As a REIT we are very tax efficient as we are exempt from capital gains and corporation tax on property investments and are required to pay out at least 90% of property income as dividends.
Our aim is to develop high quality homes & communities where people want to live, while delivering sustainable income for our shareholders.