Rdi Reit P.l.c Dividends - RDI

Rdi Reit P.l.c Dividends - RDI

Best deals to access real time data!
Level 2 Basic
Monthly Subscription
for only
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Rdi Reit P.l.c. RDI London Ordinary Share IM00BH3JLY32 ORD 40P
  Price Change Price Change % Stock Price Last Trade
-2.90 -3.1% 90.70 15:35:21
Close Price Low Price High Price Open Price Previous Close
90.70 90.40 92.10 90.90 93.60
more quote information »
Industry Sector

Rdi Reit P.l.c RDI Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

jh27: It’s a very good result for RDI. Their retail parks were actually quite good quality and it shows that there are buyers at fair value for assets in this market who can look beyond the word “Retail”. RDI are obviously being broken up by Starwood - what will they sell next?? Or will Starwood now take it private and keep the rest?
cerrito: Trying to get an understanding of what is going on ref RDI and Starwood. In the 2019 AR, RDI had 2 non exec directors who were both RDI people as well as 4 independent non execs as well as the exec directors and the chairman. RDI sell out to Starwood and one of the RDI directors(Prinsloo) stands down and is replaced by a Starwood director but the other RDI man (Wainer) stays on the board even though RDI has no shares. Does anyone understand what is going on? Biggs the question if Wainer is now an independent non exec and why Starwood are happy just to have one director. PS I have never had reason to come across Starwood and how they work but my gut feel is that them coming onto the share register is good news. Is that how you all see it?
grollfam: Response to announcement by Redefine Properties regarding conditional sale of shareholding https://www.investegate.co.uk/rdi-reit-plc/rdi/starwood-capital-to-acquire-shareholding-in-rdi/202006291550014185R/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=RDI%20REIT%20PLC%20Alert The Board of RDI, the income focused UK Real Estate Investment Trust ("UK-REIT"), notes the announcement from Redefine Properties on the JSE that it has agreed to a conditional sale of its 29.42 per cent shareholding in the Company to controlled affiliates of Starwood Capital Group. The Board looks forward to engaging with Starwood Capital Group as a shareholder in the Company.
theprovosts: https://www.investegate.co.uk/rdi-reit-plc/rns/starwood-capital-to-acquire-shareholding-in-rdi/202006291550014185R/ "to dispose of up to 111 883 113 shares in RDI REIT P.L.C. (“RDI”) being its entire shareholding in RDI, representing 29.42% of the RDI shares in issue (the “RDI Shares”),for an aggregate sale consideration of £106 288 957.35 (representing £0.95 per share)" But wait, the German issue isnt sorted yet. Lol.
poacher45: On the 20th March U & I made an announcement that salaries and overheads had been cut drastically. On 11th May RDI in the conference call said they were going to cut costs. Still nothing and what about the German deal? Obviously they are suffering with the shopping centres and what about the offices or are people working from home.
jh27: I saw all of that. But if there are two buyers fighting over it then why didn’t one of them complete on 31 Dec as planned? And, post-Covid - and with a severe reduction in rental income at the shopping centre (as RDI suggested was the case in the interims) - are there really two buyers fighting over who gets to pay 91m for the asset when every other retail deal in the world has gone on hold?
grollfam: Hamburg sale is happening imminently. Was discussed at RDI presentation last Monday...2 qualified buyers, original buyer & Hamburg city who has pre-emptive right, & who has exercised it....Should it not get sold ,which is very remote, as 2 buyers are fighting over it, the income received more than covers the debt....Cannot compare to Hammerson which has been hammered down from over £3.00 to a low of 40p....totally exposed to retail centres & high LTV ...
wunderbar: When I last posted on this bb back-end August last year I said 100p was ludicrously cheap and RDI remained my number one stock pick. A nice rise to 120-130p ensued and the company's outlook was steadily improving thanks to a more diversified portfolio focused on retail (actively reducing), hotels, serviced offices and industrial/distribution ....and then Covid-19 struck in March sending the stock into freefall. REITS in particular have had the proverbial kicked out of them in past couple months. Whilst I've been buying into quite a few of these in recent days/weeks by far my biggest investment in this sector is RDI. During this period I've made a cluster of buys ranging from 45-65p hoping these will pay off handsomely in 3-5 years time on the basis the world has got back to normal - and if it is anyone buying this stock now could be looking at a future dividend yield of 10-15%. As for my average price this is now 110p so still a long way to go before I break even. Those of you who keep close eye on this stock might have noticed share price hit 41.5p yesterday (a new all time low, valuing the company at just £156m) before recovering by end of play. Thankfully, as I write RDI is up 15%, 7p @ 53p - quite frankly the stock was due a big bounce after falling 30% in past month. However given recent volatility I wouldn't rule out further erratic movements in the short term. Now for some very quick number crunching. Half year accounts (end Feb 2020) show portfolio valuation of £1.3bn, less £623m debt, plus £85m cash balance = £762m assets. Right now RDI is valued at £205m. In essence the market thinks RDI's assets are worth £557m less than figures quoted! Why? I guess key thing here is the portfolio was valued prior to Covid-19, in the ensuing economic chaos/lockdown all commercial valuations/rents have taken a big hit (justified or not remains to be seen). Whilst acknowledging likely reductions I think the market has been far too savage with RDI (for some reason more so than other less diversified REIT's). On the assumption lockdown is lifted within 6 months and factoring in significant fall in rental income this year, and not forgetting expected sale of retail assets in Germany I think there's a distinct possibility we could see share price bounce back to 80p-110p by end of year. I'll discuss the suspended dividend at a later date when I have more time noting this post is already too long! Let's hope some sanity returns soon.
nickrl: Cerrito, RDI RNS of 6/4 confirmed travelodge haven't paid. The RNS also says RBH Managed Hotels, which is related to the RDI group, wont be paying rent for the qtr ending 31/5/20. So I would suggest RDI are on sticky ground if they want to twist the knife on Travelodge.
wunderbar: If this keeps dropping we'll all be wishing management accepted the 185p offer. Today share price tanked 4% and now stands at 121p being 6% lower than it was when Cromwell made their initial approach. Incidentally since the 5 for 1 share split in February the share price has fallen a staggering 25% - capital erosion at its finest. As we've already seen this weakness is an open invitation for predators to try and snap up the company on the cheap. If management fail to address this rapid erosion then it won't be long before another offer comes in at a much lower price. Now that would be farcical. As for last weeks Interims I thought results were quite robust given market conditions. No surprise to see half year divi cut 40% due to Aviva loan issue. RDI hope to re-balance the shortfall in the full year dividend (income permitting). I was pleasantly surprised to see revised NAV of 204p (down 5%, was 214p). Considering negative sentiment towards retail/property stocks I was expecting a much lower valuation. I do believe RDI's strategy is the right one, actively reducing exposure to retail and becoming more of a Beds, Sheds and Desks REIT. It is a (market) misconception that RDI's entire portfolio is exposed to retail sector hence share price getting battered, in fact retail accounts for 44% of portfolio - furthermore RDI are actively looking to make strategic disposals of c.£500m (£450m attributable to retail - including exiting Germany). If and when these disposals are actioned RDI's retail exposure will drop to 22% (assuming no re-investments). Lastly, worth noting @ 121p RDI's dividend yield is now close to 10% with shares trading 40% below NAV. Today's share price seems unjustifiably low considering Cromwell offered c.185p only a few weeks back. Any further weakness and I'll consider topping up.
ADVFN Advertorial
Your Recent History
Rdi Reit P..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20201026 02:33:47