Real Estate Investment Trust

What would life be like if Fair Pint got its way?

What would free-of-tie pub life look like?

By Mark Stretton, M&C Report

While the leased pub industry is focused on resolving its issues through mediation, perhaps it is time to at least consider the possible scenario of life without the tie, writes Mark Stretton.

Marston's: cautious on year ahead

Marston's holds dividend as profits drop

By Ewan Turney

Marston's has held its final dividend to shareholders despite recording a 13% in profit before tax for the year to 4 October. Several other pubcos...

Darling: appears to have closed door on pub group Reit conversions

Chancellor stamps down on pub group Reits

By Ewan Turney

There is now little chance of a managed pub operator or tenanted pubco converting to tax efficient Real Estate Investment Trust (Reit) status following the Pre-Budget Report.

M&B: dividend suspended

M&B suspends dividend payments

By Ewan Turney

Managed operator Mitchells & Butlers (M&B) has suspended dividend payments to shareholders in a bid to reduce its levels of unsecured medium term debt.

Enterprise: tenant support running at £1.3m a month

Enterprise: £1.3m a month on tenant support

By Ewan Turney

Enterprise Inns is currently spending £1.3m a month on tenant support in the form of special discounts and rent concessions as the average level of licensee profitability fell by 4% to £45,000 for the year to 30 September.

Marston's: £12m increase in costs next year

Marston's: £2m spent helping tenants

By Ewan Turney

Marston's tenants and lessees have received around £2m worth of help in the form of rent reductions, discounts and business building tools — but pubco warns it will see a £12m rise in costs next year.

Enterprise: increase in rent concessions

850 Enterprise tenants get help

By Ewan Turney

Enterprise Inns is currently offering special concessions to 850 licensees as it seeks to help them through the tough trading period — at a cost of £5.5m to the pubco.

Enterprise: Delay to Reit plans

Enterprise delays Reit plans

By Ewan Turney

Enterprise Inns appears to have delayed any decision to convert to tax efficient Real Estate Investment Trust status.

M&B serves up 110m meals a year

Value food offer fuels M&B uplift

By Ewan Turney

Mitchells & Butlers (M&B) has reported a 1.1% rise in like-for-like sales for the 10 weeks to 19 July fuelled by its value food offering.

Tuppen: Lessees are coping well

Tuppen: Enterprise lessees coping well

By Ewan Turney

Enterprise boss says there has been no material deterioration in the key indicators of its lessees' financial health and the tenanted system is flexible enough to cope in tough times.

Loch Fine

Loch Fine

By Hamish Champ

Greene King's 2007/08 results were a ray of sunshine in an otherwise overcast pub sector sky.Annual turnover up five per cent, operating profits up...

Tchenguiz: A reit still right for M&B

Tchenguiz: A reit still right for M&B

By The PMA Team

Mitchells & Butlers (M&B) biggest shareholder Robert Tchenguiz has reiterated his view that the company should pursue the route of converting...

Snifter

Snifter

Turner's take on M&B's Reit Fuller's chairman Michael Turner, below, has waded into the debate about Mitchells & Butlers' (M&B) future....