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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% | 33.00 | 07:40:39 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 33.00 | 33.00 | 33.00 | 33.00 | 33.00 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 23/09/2024 | Interim | GBP | 0.005 | 03/10/2024 | 04/10/2024 | 25/10/2024 |
| 01/07/2024 | Interim | GBP | 0.005 | 11/07/2024 | 12/07/2024 | 31/07/2024 |
| 26/03/2024 | Final | GBP | 0.00625 | 04/04/2024 | 05/04/2024 | 26/04/2024 |
| 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 |
| 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 |
| 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 |
| Top Posts |
|---|
Posted at 23/9/2024 08:27 by nickrl HY results suggest to me that covering the reduced dividend wont be possible as finance costs up a fair bit now hedges have run off so just as well they've been able to reduce the debt.Better value elsewhere at this share price |
Posted at 27/6/2024 06:44 by meanreverter My first thought is that the directors' purchase of shares to the value of ~£130k is more than a gesture. A cut in the dividend would surely knock the share price. If the directors thought that likely, they would have waited to buy in at a more favourable level.The contrary, and more convoluted, view is that they reckoned a forthcoming dividend cut to be already in the price. When it happens, the market would, if anything, rebound with relief that the awaited boot had dropped; so better to buy now. The second view demands a lot of sophistication in both the market and the directors, and I'm leaning to the first one. |
Posted at 23/5/2024 09:27 by nickrl Pre AGM trading update confirms a few more disposals made and a bit more debt paid off. They also have some positive lettings update and vacancy rate reducing. The divi is well uncovered now but Bassi says this"In a challenging market we are pleased to report the ongoing lettings progress across our portfolio, which will maximise our rental income and occupancy levels, supporting our ongoing dividend commitment" which i guess implies they wont change it. |
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 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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