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RLE Real Estate Investors Plc

0.00 (0.0%)
Last Updated: 08:00:00
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 Shares Traded Last Trade
  0.00 0.0% 28.75 21,074 08:00:00
Bid Price Offer Price High Price Low Price Open Price
28.00 29.50 28.75 28.75 28.75
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Operators-nonres Bldgs 13.29M 10.93M 0.0633 4.54 49.64M
Last Trade Time Trade Type Trade Size Trade Price Currency
13:33:20 O 1,590 29.374 GBX

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Date Time Title Posts
26/10/202308:56Real Estate Investors1,999
28/3/202306:44Ridgeline - water services for Canadian drillers1
01/7/200519:09hi 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

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Real Estate Investors (RLE) Top Chat Posts

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Posted at 29/11/2023 08:20 by Real Estate Investors Daily Update
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 28.75p.
Real Estate Investors currently has 172,651,577 shares in issue. The market capitalisation of Real Estate Investors is £49,637,328.
Real Estate Investors has a price to earnings ratio (PE ratio) of 4.54.
This morning RLE shares opened at 28.75p
Posted at 26/10/2023 08:56 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 08:43 by nickrl
They've got several Jun 24 loans to deal with although given drip drip of sales there probably not at the values last reported. 35p would be reasonable premia to todays price but doubt Bassi would pay that.
Posted at 26/10/2023 02:17 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 13:49 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 25/9/2023 10:43 by 2wild
To be fair, they've done well to bring LTV from 50% to 35% without destroying the NAV, which is actually up 5% to 60P in last 2 years.

55% discount to NAV and 9.1% dividend looks good value despite the risks.

Assume 20% reduction to a 2p div, would still give a yield of 7.2% at current 27.44p buy price.
Posted at 20/9/2023 11:57 by hillofwad

Currently let to Sharps Bedroom Limited on a 5-year lease, expiring 29/07/2023 !!

Looks like the only yardstick for a sale if a price close to currrent book values can be achieved


They must be well pleased they got shot of this .
Posted at 31/7/2023 18:05 by meanreverter
The EPRA NTA per share, recorded on page 3 of the latest annual report, is 62.2p (see the website). At today's closing share price of 29.5p, the corresponding discount to NAV is therefore 52.57%.
Posted at 29/6/2023 08:31 by nickrl
CC2014 your being a bit harsh the LTIP is "designed to promote retention
and 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 28/6/2023 13:44 by meanreverter
Specto — in belated update of your post of 11 May: The annual report published on 13 May provides the 2022 number for the cost of the board, namely £1.503m. Instead of comparing this to the company's market cap, I consider it against the underlying profit before tax of £4.6m. Thus, if the directors worked for nothing, the profits would be about a third higher. That comparison is rather stark, and I would suggest a comparison basis of reasonable remuneration for the board, at (say) a third of the present level: £0.5m. That would imply profits 20% higher than they are now, if the board were to pay themselves fairly.

The above consideration implies that, in compensation for directors' over-remuneration, and considering no other adverse factor, a discount of 17% in the share price is justified. In fact, the discount is three times that figure. All in all, I regard the shares as at least fairly priced now.
Posted at 19/7/2022 13:05 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.
Real Estate Investors share price data is direct from the London Stock Exchange

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