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  6. Real Estate Investors Plc (RLE)

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RLE

Real Estate Investors Plc

30.00
0.00 (0.0%)
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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 Shares Traded Last Trade
Upgrade Icon
  0.00 0.0% 30.00 80,587 01:00:00
Bid Price Offer Price High Price Low Price Open Price
29.00 31.00 30.00 30.00 30.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Div'd 13.29 10.93 6.30 5.00 51.80
Last Trade Time Trade Type Trade Size Trade Price Currency
14:17:31 O 10,000 30.30 GBX
Related Shares
Unite (UTG), Alpha (ALPH), Pathfinder Minerals (PFP), Dukemount Capital (DKE)

Real Estate Investors (RLE) Latest News

Real Estate Investors News

Date Time Source Headline
24/5/202313:56UKREGReal Estate Investors PLC Result of AGM
16/5/202317:58UKREGReal Estate Investors PLC Holding(s) in Company
11/5/202312:19UKREGReal Estate Investors PLC Publication of Report and Accounts & Notice of..
04/4/202309:51UKREGReal Estate Investors PLC Holding(s) in Company
03/4/202315:01UKREGReal Estate Investors PLC Holding(s) in Company
03/4/202307:01UKREGReal Estate Investors PLC Holding(s) in Company
03/4/202307:00UKREGReal Estate Investors PLC Holding(s) in Company
31/3/202316:52UKREGReal Estate Investors PLC Director/PDMR Shareholding
28/3/202313:30ALNCNewsTRADING UPDATES: Empresaria profit up; Animalcare's Covid boost ebbs
28/3/202311:19UKREGReal Estate Investors PLC Director/PDMR Shareholding

Real Estate Investors (RLE) Discussions and Chat

Real Estate Investors Forums and Chat

Date Time Title Posts
12/5/202314:04Real Estate Investors1,965
28/3/202307:44Ridgeline - water services for Canadian drillers1
01/7/200520:09hi can anyone tell me whats going on over at RLE my live terminal shows zero act1

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Real Estate Investors (RLE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:17:3130.3010,0003,030.00O
07:39:4230.7570,21021,589.58O
07:03:4929.60377111.59O

Real Estate Investors (RLE) Top Chat Posts

Top Posts
Posted at 11/5/2023 13:06 by spectoacc
Looks like I did go off on one after all @m_kerr ;)

Everything has its price of course.
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Posted at 03/4/2023 20:47 by hugepants
Another one. Ruffer with 4.9%
https://www.investegate.co.uk/real-estate-investrs--rle-/rns/holding-s--in-company/202304031501511994V/

I see they had 6.3%. Not sure why it doesn't say that in the RNS
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Posted at 30/3/2023 06:56 by hillofwad
Nickl


It's a hard job trying to place values on anything with RLE as they only ever reveal good news

Not an easy job trying to make a silk purse out of a sows ear buy fair play in getting some decent sales in This likely to contunue in H1.

Still seems that anythig which shows a book valie profit is up for grabs The problem is the rump is getting more toxic

Difficult to assess the situation on Crewe. Whether or not the Burger King will be a draw and the loss of overall income with the loss of parking

Https://www.cheshire-live.co.uk/news/chester-cheshire-news/high-street-chains-shunning-crewe-26553270



As usual they do not indicate where overall rental values are standing on the centre We can only assume that these have travelled south combined with service charge caps otherwise they would have mentioned it

I guess any lettings to reduce any unallocated service chrges is to be welcomed

You make a good point about energy ratings With awhile host of outdated buildings in the portfolio this is going to hurt
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Posted at 28/3/2023 14:37 by spectoacc
Thanks @hillof, I've no doubt the Oldbury uplift is in there for these results.

Rare to see a REIT willingly shrink, but RLE have to address that LTV somehow, the debt is increasingly expensive.

Again tho, hats off to them for finding buyers. This is arguably the sweet spot of tenants yet to be in distress, new tenants still available, and the sales market still seeing cash buyers. But I'd acknowledge there's a lot in the price for the downside too.

Not a holder - obvs - but like many it seems FV now it's down here.
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Posted at 28/3/2023 08:10 by spectoacc
Since when have RLE results not looked tremendous? Putin could go nuclear, bomb the East Midlands, and Bassi would still sound upbeat. ("...Regeneration opportunities....Free demolition work.." etc).

But credit to them for selling so much to Retail - and not just the shares.
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Posted at 28/3/2023 07:45 by hugepants
Finals results look tremendous all things considered. Where's hillOf?
https://www.investegate.co.uk/real-estate-investrs--rle-/rns/final-results/202303280700083701U/#
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Posted at 11/2/2023 11:17 by nickrl
RLE have 22m of debt to refi in Dec 23 (10m @ 3.2% & 12m @ 2.2%) so they will have to pay north of 5.5% to get that covered i reckon. However, they have been on a selling spree so maybe their plan is to just pay it back and take another leg down on NRI. Problem is the divi is barely covered now.

Also in Mar 24 they have 35m due as well so would make sense to consolidate all three if they can find a lender.

Edit: pays to read the small print in AR or at least post report date section as they managed to get Barclays to extend the 12m by a year so only the 10m due plus what looks like an overdraft of around 8m. The Q3 trading report says they will pay that all back but NRI is continuing to decline however makes sense with cost of money now likely to be more than NIY of whats left.
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Posted at 23/12/2022 04:45 by hillofwad
Yet RLE takes opaqueness to a new level leaving out material information They have a whole lexicon of phrases they use to obscure anything remotely negative

"Lease events "Never any mention if rents have been negotiated downwards

"Contracted income! Means either a lengthy rent free period has been agreed or stepped rentals over a period so when it actually becomes fully income producing we will be in a different market

"Price achieved 5% over book value " Bassispeak for devalued in last years accounts to produce gross book profit but after taking off selling costs a loss and much higjerger actual loss over and annove original purchase price

Also in same cases topping up rents on empty space an ongoing liability into the future.

Xmas quiz What would this as an individual investment be worth Wetherspoonss have closed this down Another Bassi dice roll investmnet

hxxps://search.savills.com/property-detail/gb0456l118527

Held on a lease expiring 24th March 2024 at a current rent of £97,750 per annum. The most recent annual service charge is £8,843.

So guaranteed rent for 15 months with reversion to ?? £650k?
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Posted at 15/12/2022 17:46 by trcml
"Why can't they just be more transparent"

probably they'd say they are just as transparent as other quoted prop cos!

And as for some other quoted prop cos and index-linked rents, how about but no mention of cap and collar?

Combined with selling the properties, one advantage of share buy-backs for RLE is that by shrinking the number of shares in public hands there should be enough in the kitty to be able to take the co private without having to pay outsider shareholders a premium on the share price
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Posted at 19/7/2022 14:05 by trcml
Quoted plcs generally only deliver good news and twisted. The PR people see to that. The idea is to maintain at least support the existing share price and encourage buyers for positive prospects. Without more buyers than sellers not only would the share price languish but also director share options can lose their appeal. Every so often, a company's prospects are promoted by tip sheets even though most if not all of what is written about is already in the share price MMs join in by increasing the share price to deter buyers which has the desire opposite effect by making naive investors think there is something to go for. then having got rid of a load of shares on the new buyers, the MM lowers the share price to deter sellers which has the opposite effect when existing shareholders sell. Whether the approach succeeds depends upon the investor market's perception of the news. > The challenge for directors of quoted propcos is how to overcome adverse media comment about the state of the property market at any time. Which in the case of REI is not easy because in my view most commercial property in the provinces is ex-growth.
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