Q+A: Regional REIT on exiting industrial and the future of the regional office 26 Jan 2021 | by Charlie Schouten. Website users are responsible for checking content. Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor. RNS Number: 2583 Q Regional REIT Limited 25 February 2021 25 February 2021. Regional REIT will pay a dividend of 1.5p per share for the fourth quarter of 2020. Regional REIT’s commercial property portfolio is wholly in the UK and comprises, predominantly, offices and light industrial units located in the regional centres of the UK outside of the M25 motorway. FTSE All-Share 3,861.77 View recent trades and share price information for Regional REIT Ltd and other shares. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.0. The group has exchanged on eight new leasing deals since 30 June 2020, totalling 16,202 square foot, worth £0.2m per annum of rental income. Maiden interim results from Regional Reit (RGL) confirmed that the property investor is well on its way to delivering a sector-busting 7-8 per cent dividend yield for the full year, based on the flotation price of 100p a share. QD view – Has COVID impact on offices been over-egged? That brings the overall number of new leases this year to 29 across 171,838 square foot, worth £1.4m per annum of rental income. Another 4.8% of tenants had switched to monthly payments, and had either paid or agreed to pay. Given the company’s discount to net asset value (NAV) – currently around 25% – the board said it may undertake a buyback of its own shares using proceeds from the asset sales. 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Regional REIT Ltd (RGL:LSE) company profile with history, revenue, mergers & acquisitions, peer analysis, institutional shareholders and more. It is envisaged that the company’s decision to focus solely on quality office assets for the foreseeable future will drive considerable value creation for shareholders by leveraging the manager’s key expertise whilst also serving as a major factor of differentiation for the company from existing London listed REITs. The next Regional REIT Limited dividend will go ex today for 1.5p and will be paid in 1 month. The company will in due course seek to exit all other commercial property sector investments, including its industrial and remaining retail sites, while promptly recycling the capital into regional offices. Regional Reit Daily Update: Regional Reit Limited is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker RGL. QuotedData’s weekly news show 13 November 2020, Regional REIT acquires two offices for £10.2m, QuotedData’s morning briefing 2 October 2020, Regional REIT to sell all non-office assets after strategic review. The previous Regional REIT Limited dividend was 1.5p and it went ex 4 months ago and it was paid 2 months ago. This website is for information purposes only and is not intended to encourage the reader to deal in the security or securities mentioned. London Stock Exchange. REGIONAL REIT LIMITED. Investment Companies Versus Open-Ended Funds, The listed investment company and property weekly show, Advertise and marketing services or being a show guest, Regional REIT collects 92.4% of rent for 2020. Regional REIT confirmed its dividend for the fourth quarter of 2.55p a share but warned that future payouts would be subject to review in light of the Covid-19 pandemic. Asia-Pacific Regional REIT markets and their role in cross-border investment. Integral to the strategy is Management’s detailed plans for each property with each property modelled and planned.--> Regional REIT provides investors with exposure to … Core and core plus regional office and industrial property assets represented 93.6% of Regional REIT's portfolio by value, with 79.9% in offices and 13.7% in industrial sites, the board reported. Periodically I review my existing holdings, in particular those maturing 12 to 24 months. Currently about 14pc is in industrial units and 4.3pc in retail. In this […], Regional REIT buys Cardiff office – Regional REIT has completed the acquisition of a modern Grade A flagship office building in Cardiff for £8.4m.The four-floor, 61,641 sq. It added: “For the foreseeable future, the board has decided that the company will focus its investment solely on properties in the office sector in the main regional centres of the UK outside of the M25 motorway. This will ensure the group is able to maximise its investment objectives of delivering shareholders an attractive and sustainable income focused total return over the long term.”. The group’s portfolio consists of 150 properties worth £739.9m, 80.3% weighted to offices located outside of London. These acquisitions will add greater diversification to the REIT’s portfolio and are set to expand MLT’s regional footprint in China, a fast-growing logistics market in the Asia-Pacific region. It said it would recycle the proceeds into acquiring office assets in the main regional centres of the UK, as well as potentially undertaking a share buyback programme. The EPRA net asset value per share slipped to 112.7p from 115.5p, while the group cost of debt decreased to 3.5% from 3.8%. The group has declared a dividend of 1.5p for the quarter to the end of September 2020 (less than the 1.9p declared in the same period in 2019), meaning it will pay a dividend of 6.4p for the full year 2020, equating to an annualised dividend yield of 8.3% at last night’s closing price. REGIONAL REIT LIMITED. It said it expects the dividend to be fully covered by EPRA earnings. It is actively managed and targets a total shareholder return of at least 10% with a strong focus on income. ADVERTISEMENT. Regional REIT confirmed its dividend for the fourth quarter of 2.55p a share but warned that future payouts would be subject to review in light of the Covid-19 pandemic. It is envisaged that the company’s decision to focus solely on quality office assets for the foreseeable future will drive considerable value creation for shareholders by leveraging the manager’s key expertise whilst also serving as a major factor of differentiation for the company from existing London. Regional REIT - Progress with capital raise deployment. Country Specialist: Asia Pacific ex Japan. Since the period end, £30.7m of available borrowing headroom had been drawn down, ensuring “ample liquidity”, with a cash balance post dividend of £58.1m, the company said. ft. building […], Regional REIT has acquired two offices, in Swansea and Bristol, for £10.2m at a combined net initial yield of 10.1%. Stock analysis for Regional REIT Ltd (RGL:London) including stock price, stock chart, company news, key statistics, fundamentals and company profile. BIS Quarterly Review | September 2020 | 14 September 2020. by Amanda Liu, Ilhyock Shim and Vladyslav Sushko. Regional REIT Ltd - Q3 Trading Update, Dividend & Strategic Review Regional REIT Says Targeting An Expected Full Year Dividend Of 6.4Pps Regional REIT Says … It will look to dispose of its industrial assets (13.9% of the portfolio), retail (4.3%) and other sectors (1.5%), valued at around £146m. Regional REIT Limited ("Regional REIT" or the "Company") and its subsidiaries (the "Group") is a United Kingdom ("UK") based real estate investment trust … EPRA adjusted earnings per share totalled 7.8p, up from 7.5p in 2018, while its EPRA adjusted earnings per share including realised disposal proceeds were 8.2p, down from 13.7p. Additionally, the board said it expected another 2.3% of tenants to settle within seven days, which in aggregate would amount to 88.7% of rents to be collected. Despite the prospect of further growth in rental income, shares in Regional REIT trade at a 15 per cent discount to forecast NAV. As at 6 April, Regional REIT had collected 81.6% of rent due, in comparison to 83.1% on the same date in 2019. The London-listed real estate investment trust said income remained stable in the 12 months to December 31 at £75.6m, compared to £74.0m a year earlier. Regional REIT fires up £80m industrial sale 26 Jan 2021 | by Chris Borland, David Hatcher. The portfolio is highly diversified, amounting to: 67.3% offices; 23.3% industrial; 8.1% retail and 1.3% other. “The conclusion of the board’s internal strategic review to dispose in due course of the remaining non-office assets in order to focus investment in the regional office market, will allow the company to take full advantage of the current sector inefficiencies being observed. Regional REIT has announced it will sell all non-office assets after a strategic review by the board. Regional REIT Ltd. engages in managing and investing in commercial properties. On Tuesday, Regional REIT Ltd (RGL:LSE) closed at 76.70, 54.07% above the 52 week low of 49.78 set on Mar 18, 2020. Regional REIT said it would be selling all assets not focused on regional office markets - around £145m of industrial and retail - this morning following a strategic review of the business. The group’s portfolio consists of 150 properties worth £739.9m, 80.3% weighted […] Regional REIT has announced it will sell all non-office assets after a strategic review by the board. Regional REIT placing its bet on the future of the office outside London ... Frasers to review portfolio due to lack of business rates reform. Executive Summary. Physicians Realty Trust (DOC, $17.66) is a healthcare REIT focusing on medical office space that is leased to national and regional healthcare networks. London Stock Exchange plc is not responsible for and does not check content on this Website. It will look to dispose of its industrial assets (13.9% of the portfolio), retail (4.3%) and other sectors (1.5%), valued at around £146m. This disposal reflects an uplift […], In QuotedData’s morning briefing 2 October 2020: It’s a bit of a slow day, but we do have annual results from Henderson Eurotrust (a very strong performance despite challenging markets), […]. “Our market fundamentals to date remain robust, however, we will inevitably be impacted by Covid-19 and though we are committed to paying a regular quarterly dividend to our shareholders this will be subject to market conditions, the company's performance, its financial position and business outlook,” said Stephen Inglis, chief executive of Regional REIT’s asset manager, London and Scottish Property Investment Management. Q3 Trading update, Dividend & Strategic Review . The group, which owns a diverse property portfolio in […], Regional REIT disposes of Juniper Park – Regional REIT (RGL) has announced it has completed on the sale of Juniper Park, Basildon for £32.7m. Required fields are marked *, Regional REIT collected 92.4% of rent for 2020, the company said in a market update. 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Regional Reit said last week it would sell its remaining non-office property, which accounts for about a fifth of its portfolio. All rights reserved. Regional REIT said it maintained its net loan-to-value ratio below its target of 40% at 38.9%, which was up slightly from the 38.3% it reported at the end of 2018. Due to data protection policies, USA residents can not access our data. Released 07:00:05 12 November 2020 12 November 2020. Regional REIT has announced it will sell all non-office assets after a strategic review by the board.. The last closing price for Regional Reit was 79p. © 2021 WebFG and Media Limited or its affiliated companies. Regional REIT owns a highly diversified commercial property portfolio of predominantly offices and light industrial units located in the regional centres of the UK. The group’s portfolio consists of 150 properties worth £739.9m, 80.3% weighted to offices located outside of London. Please Login or Subscribe. You are seeing these quotes based on previous browsing related to sectors such as. This increases to 95.5% when agreed monthly payments and collection plans are accounted […], Hoorah, some good news. At 1502 BST, shares in Regional REIT were up 5.26% at 86.1p. What Makes Investment Companies Different? Corporate IWG issues ultimatum to Spaces landlords. Free registration. The company pulled an equity raise last month. Yesterday sold a partial holding in Unite UTG1 @ 1.05665 which was only yielding 3.0%, and added another order to Regional REIT. Regional Reit Limited has a 4 week average price of … Adjusted NAV at the end of December 2017 rose to £395.7m from £293.2m a year earlier, largely through funds raised via a share placing and a portfolio valuation uplift. Research current and historical price charts, top holdings, management and full profile. Regional REIT Ltd - Q3 Trading update, Dividend & Strategic Review 12th Nov '20 Annoucement Regional REIT Ltd - Director/PDMR Shareholding Regional REIT provides investors with exposure to commercial properties in the regional centres of the UK, outside of the M25 motorway. Regional REIT (RGL) has exchanged contracts for the £27.7m acquisition of a regional office portfolio, its second significant transaction since H119 and marking progress with deployment of £62.5m (gross) proceeds of the July capital raise.