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RLE Real Estate Investors Plc

33.00
-0.50 (-1.49%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Real Estate Investors Plc LSE:RLE London Ordinary Share GB00B45XLP34 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -1.49% 33.00 32.00 34.00 33.50 33.00 33.50 125,569 13:47:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Operators-nonres Bldgs 13.29M 10.93M 0.0633 5.21 56.98M
Real Estate Investors Plc is listed in the Operators-nonres Bldgs sector of the London Stock Exchange with ticker RLE. The last closing price for Real Estate Investors was 33.50p. Over the last year, Real Estate Investors shares have traded in a share price range of 27.50p to 34.50p.

Real Estate Investors currently has 172,651,577 shares in issue. The market capitalisation of Real Estate Investors is £56.98 million. Real Estate Investors has a price to earnings ratio (PE ratio) of 5.21.

Real Estate Investors Share Discussion Threads

Showing 551 to 574 of 2025 messages
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DateSubjectAuthorDiscuss
05/7/2018
17:44
Yes, everything good thanks. Did you get my email of 29 March?

As my target is now a lowly 3% pa I am more than happy with the yield, though only have a 6.3% allocation. Rather strangely I only have 6% cash. I’m considering reducing my dollar exposure as surely the pound must come up again (or the dollar go down lol) but who knows - Brexit could be a disaster and Trump might be a great success.

alanji
05/7/2018
12:56
Hi Alan - great to hear from you - trust all well.

As an investment RLE continues to be one big yawn; yet I can't help but feel that I should be more than happy with RLE's 6.25% yield and 20% NAV discount!

Having banked some PE profits over recent days, I find myself 38% CASH. So should I increase here perhaps as still only at 8.8% allocation?....On balance, nothing much wrong with holding a high cash balance...

skyship
05/7/2018
10:45
Great research, Skyship. Thanks.
alanji
05/7/2018
10:34
Further info. I was beginning to wonder whether that £4m might have been an error - but it seems not as the Business Desk article appears on the RLE website; along with this later one showing another purchase - this time on a 9% yield after HMG recently agreed a new 10yr lease.

Perhaps RLE will belatedly put out an RNS covering the two transactions.

skyship
05/7/2018
09:46
Topaz Business Park achieves record Bromsgrove office rent



& then this from 10yrs ago is surely the best reading on what looks to be a really prime Development:

Topaz development of offices in Bromsgrove for sale or to let


As Sleepy perhaps suggests (though not sure if that actually is his implication) it does seem as though we got a good deal buying Topaz on a 7.2% yield.

It seems as though it was built by local construction company Benniman back during the property bust of 2007/8 - at the time appears to have been valued at £5.5m!

skyship
04/7/2018
15:35
“Bromsgrove is a victim of its own success. It is such a sought after business location that it cannot keep up with the very high demand for industrial property, but the town badly needs more space bringing to the market, either new build or second hand.”



“Increased take-up in Bromsgrove industrial property market”

skyship
04/7/2018
15:29
So what was all the mystery about? Not surprising to find that the majority of us here are listed propco investors rather than property investors - at least I assume that to be the case on the BB of any propco one cares to mention!

If you're suggesting that the rents are low, then presumably that also suggests good reversionary potential - especially as The Topaz Business Park looks like a well-located gem; in the heart of the Home Secretary's (& future PM's) constituency no less.

skyship
04/7/2018
08:42
All - sorry for being a bit mysterious and thank you for your patience. I had a genuine interest in seeing if someone with good (and better than my) knowledge of the Birmingham commercial property market would respond and perhaps it is of some significance that that didn’t happen

I have personal knowledge of other, admittedly smaller, but apparently older and less well located offices off the motorway further north than Bromsgrove. A couple of years ago these had ERVs of about £12 and changed hands for about £140 per sq ft

Given the regional office market has, generally, strengthened in recent years I was very surprised by the low level of rent and the low capital value of Topaz

Perhaps someone knows when the Park was built and can provide information justifying the apparent low price

sleepy
03/7/2018
17:28
Sleepy - which of the numbers were/are you suspicious about?
belgraviaboy
03/7/2018
16:48
SKYSHIP,

Sleepy has significant knowledge.

tiltonboy
03/7/2018
15:07
Sleepy, might I perhaps recommend you take a look/listen to the Paul Bassi interview; that'll save us all a lot of time and bother explaining to you the strength of the regions, especially the region in which RLE operates.

First posted by NTV c3months ago...here's the link:

skyship
03/7/2018
13:54
killing time, belgraviaboy - with respect, how much do either of you know about the Birmingham area commercial property market?
sleepy
02/7/2018
17:47
So we are agreed that the numbers do add up......

For the record I have been adding here over the past week.

I like the lack of PR - let the numbers do the talking

belgraviaboy
02/7/2018
17:37
Numbers seem ok to me, yielding about 7% on the investment which is above the dividend of around 6%.
The main point here in my view is that the share price is about 20% below the NAV which gives us some downside protection whilst picking up 6% while waiting for the share price to rerate.
Other REITs that iv held with wide discounts have closed over time but for me its getting those dividends and letting them compound. Just my view KT.

killing_time
02/7/2018
16:02
Real Estate Investors (REI), the Birmingham-based, AIM-listed real estate investment trust, has acquired the freehold of a major business park close to Junction 1 of the M42 in Worcestershire. REI has paid £4m for Topaz Business Park which comprises ten modern units totalling 44,700 sq ft. The investment produces a current rental income of £286,812 a year and is multi-let to seven tenants including QS Finance, Prestige, M V Kelly, Handelsbanken, Fuelsoft, Toshiba and Instinctive Technologies. Paul Bassi, chief executive off... For the full story register now for free or login below...

Perhaps someone with good knowledge of the Birmingham commercial property market would like to comment - assuming anyone with that knowledg follows this thread?

sleepy
30/6/2018
07:03
Sleepy - what's the query?
skyship
29/6/2018
22:42
Hmmm! Do the numbers in The Business Desk article stack up?
sleepy
29/6/2018
08:43
Indeed, surely merited a press release. They're not very good at the PR thing!

Gross yield of 7.2% seems quite respectable and the whole property looks to be an attractive asset to have on board:

skyship
29/6/2018
07:55
Perhaps this was the news that I was expecting to see. Surprised they didn't announce it.

hxxp://www.thebusinessdesk.com/westmidlands/news/2018804-property-investor-splashes-4m-business-park?utm_source=newsletter&utm_medium=email&utm_campaign=WestMidlands_25th_Jun_2018_Daily

tiltonboy
28/6/2018
11:10
Actually, looking back to last year the only reason a statement was made in June was for the declaration of a couple of acquisitions and a sale, it wasn't actually a Trading Update...
skyship
28/6/2018
10:46
Well Tilts they've definitely been pulling your leg
badtime
21/6/2018
12:50
What might they be waiting for do you think?
skyship
21/6/2018
12:45
Trading update - I was told it was going to be last week!
tiltonboy
21/6/2018
11:00
So Tilts ..these results
badtime
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