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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Real Estate Investors Plc | RLE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 33.50 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 33.50 | 33.50 | 33.50 | 33.50 | 33.50 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 12/12/2023 | Interim | GBP | 0.00625 | 21/12/2023 | 22/12/2023 | 19/01/2024 |
| 25/09/2023 | Interim | GBP | 0.00625 | 05/10/2023 | 06/10/2023 | 27/10/2023 |
| 29/06/2023 | Interim | GBP | 0.00625 | 06/07/2023 | 07/07/2023 | 28/07/2023 |
| 28/03/2023 | Final | GBP | 0.004375 | 06/04/2023 | 11/04/2023 | 28/04/2023 |
| 13/12/2022 | Interim | GBP | 0.004375 | 29/12/2022 | 30/12/2022 | 20/01/2023 |
| 29/09/2022 | Interim | GBP | 0.008125 | 06/10/2022 | 07/10/2022 | 28/10/2022 |
| 20/06/2022 | Interim | GBP | 0.008125 | 30/06/2022 | 01/07/2022 | 22/07/2022 |
| 22/03/2022 | Final | GBP | 0.008125 | 07/04/2022 | 08/04/2022 | 29/04/2022 |
| 13/12/2021 | Interim | GBP | 0.0075 | 30/12/2021 | 31/12/2021 | 21/01/2022 |
| 21/09/2021 | Interim | GBP | 0.0075 | 07/10/2021 | 08/10/2021 | 29/10/2021 |
| 21/06/2021 | Interim | GBP | 0.0075 | 01/07/2021 | 02/07/2021 | 23/07/2021 |
| 30/03/2021 | Final | GBP | 0.015 | 08/04/2021 | 09/04/2021 | 30/04/2021 |
| 11/12/2020 | Interim | GBP | 0.005 | 31/12/2020 | 04/01/2021 | 22/01/2021 |
| 21/09/2020 | Interim | GBP | 0.005 | 01/10/2020 | 02/10/2020 | 23/10/2020 |
| 15/06/2020 | Interim | GBP | 0.005 | 25/06/2020 | 26/06/2020 | 24/07/2020 |
| 17/03/2020 | Final | GBP | 0.01 | 26/03/2020 | 27/03/2020 | 30/04/2020 |
| 19/03/2019 | Interim | GBP | 0.009375 | 02/01/2020 | 03/01/2020 | 24/01/2020 |
| 19/03/2019 | Interim | GBP | 0.009375 | 26/09/2019 | 27/09/2019 | 31/10/2019 |
| 19/03/2019 | Interim | GBP | 0.009375 | 27/06/2019 | 28/06/2019 | 26/07/2019 |
| Top Posts |
|---|
Posted at 26/3/2024 23:06 by nickrl Some positives here as the sales they've made have been used to drive down debt which was necessary as all the loans have lost any hedging so average IR now over 6%. They've also reduced admin costs commensurate with lower portfolio value. Even mention Crewe as one of the big voids!Dividend looks uncertain from here as they need disposals to get bank debt down further but at least all remaining facilities been extended into 2025. |
Posted at 12/2/2024 16:13 by sydney675 So if I’m up c. 10% on RLE, would you cash out now or hold on through the wind-down? |
Posted at 29/1/2024 08:53 by spectoacc @meanreverter - suspect anyone not reading my posts on here's first thought would be "How much were they paying themselves??".When you look at base salary (total cost to co inc NI) & bonus scheme - my God. Compare that to market cap. Definitely the right thing to wind up sub-scale RLE. Difficult to see it as worth chasing if the money's going to be coming back over an uncertain 3 years tho. |
Posted at 29/1/2024 08:50 by nickrl RLE advise in todays trading update"Given the ongoing substantial discount between the share price and NAV, combined with a lack of liquidity in its shares, the Board has concluded that it will conduct an orderly strategic sale of the Company's portfolio over the next 3 years with the objective of maximising the return of capital to shareholders (the "Disposal Strategy"). To achieve this outcome, assets will be sold individually, as smaller portfolios or as a whole portfolio sale, with the initial priority to repay the Company's debt" and then you've got this "To support the Disposal Strategy and the return of capital to shareholders, the Company is implementing a new Shorter Term Incentive Plan ("STIP"). The STIP will replace the existing Long Term Incentive Plan ("LTIP"), help to retain Paul Bassi, Chief Executive Officer and Marcus Daly, Finance Director (the "Executives"), and the wider management team and incentivise them to achieve an orderly and timely disposal of the Company's assets to maximise the capital return to shareholders" There is upside as Bassis/Daly taking a paycut and previous LTIP awards reduced or cancelled. The STIP gives them 10% of any profit over the the valuation at 31/12/23 if they sell with 12mths 7.5% if it takes longer. Hardly a surprise they dont cover the divi now and with the looming refi they would surely have to cut divi. |
Posted at 12/12/2023 07:04 by skinny 2023 Q3 Dividend DeclarationReal Estate Investors Plc (AIM: RLE), the UK's only Midlands-focused Real Estate Investment Trust (REIT) with a portfolio of commercial property across all sectors, is pleased to announce that it will pay a Q3 dividend of 0.625 pence per share for the period 1 July 2023 to 30 September 2023. The payment will be made on 19 January 2024 to all shareholders on the register as at 22 December 2023. The ex-dividend date will be 21 December 2023. This dividend will be a Property Income Distribution (PID). |
Posted at 26/10/2023 09:56 by spectoacc "So you beg the question what is the point of RLE except to provide fees for Bond Wolfe and the Directors salaries"Ever thus with RLE. |
Posted at 26/10/2023 03:17 by hillofwad Dash to cash.They are shifting most of the reatil stock at Walsall and Leamington They also have got Castlegate House Dudley away Not content to bastrdise the Market Centre Crewe. They are even selling a ground floor shop in West Plazaa which leaves an untidy rump and devaluing the asset The portfolio is rapidly heading towards a bitesize £100m of ragtag properties . There is no selective purchasing going on So you beg the question what is the point of RLE except to provide fees for Bond Wolfe and the Directors salaries All gearing up for an m all cash offer from the Bassis ? What's the least they can get away with 35p? |
Posted at 30/9/2023 14:49 by nickrl Some positives from RLE in that they are getting 4.5% on cash unlike the idiots at EPIC who had ten times as much cash sat getting nothing for months. They also provide data on where they have lost rental income very few others do. The bigger issue here is clock is ticking down on the debt and whilst sales are eating away at it 50m ish needs rolling in less than 9mths and given the family silver is being disposed of what margin are they going to have to pay here - 2%+ probably so overall around 7%. That will add 2m+ to interest costs such that divi will need to be cut by 30% and possibly more with disposals still ongoing let alone the loss of Wilko (9th biggest tenant)- that forced them to mention Crewe!! but no need to worry we have national retailers interested in the unit already. |
Posted at 29/6/2023 09:31 by nickrl CC2014 your being a bit harsh the LTIP is "designed to promote retentionand to incentivise the Executive Directors to grow the value of the Group and to maximise returns" !! Exactly how they fulfilled any of the conditions attached to the 2020 LTIP is a mystery to me - 50% of the award subject to absolute NAV growth plus dividends with threshold vesting – 30% of this part of the award – at 8.5% annual growth including dividends and full vesting at 14.0% annual growth - 50% subject to absolute total shareholder return (share price growth plus dividends) with threshold vesting – 30% of this part of the award – at 8.5% annual growth and full vesting at 14.0% Also nothing away on current trading performance either. That said despite director largesse they do just about cover divi with free cash currently. |
Posted at 29/6/2023 08:14 by spangle93 How can they describe the dividend policy as "progressive" - it's all over the shopRLE is pleased to announce that in accordance with its progressive dividend policy, REI will pay a fully covered Q1 2023 dividend of 0.625 pence per share for the period 1 April 2023 to 30 June 2023 (Q1 2022: 0.8125 pence per share). |
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