Regional Reit Share Discussion Threads

[spectoacc] 01/6/2018 08:05

@Typo - I did, & well done.

[skyship] 31/5/2018 18:53

Strewth - 94.5p - might well be CIC lightening their load somewhat...

[typo56] 31/5/2018 17:29

Yes SpectoAcc, I assume you mean BGEO a couple of days ago rather than GHG. It was quite 'amusing' with the demerger confusion, especially as they were shortable. Probably give it all back now on my MSCI dabbles!

[stewart64] 31/5/2018 17:26

Clearly the Market doesn't think the dividend is sustainable because even if the share price went nowhere from here
onin the 8.5% dividend would probably outperform the general market on its own.

[drectly] 31/5/2018 17:11

either these are very good value at the moment, or perhaps more likely, some bad news I am not aware of. It did spike down a couple of years ago before bouncing back up, but the reason was more obvious then. Lets see where it settles in the next day or two.

[spectoacc] 31/5/2018 17:11

If anybody knows about that stuff, @Typo56 does. Typo - bet you made out like a bandit on Georgia Healthcare the other day.. ;)

[typo56] 31/5/2018 17:00

Would be 94.5p if picked up in the auction.

High auction volume was almost certainly due to the MSCI index changes taking effect at close. It affected quite a few stocks. e.g. IMI, COB, NMC, GAW....

So perhaps just a brief gap down to 94.5p on the index technicality.

[badtime] 31/5/2018 16:56

How much did u pay Tilts?

[tiltonboy] 31/5/2018 16:45

Managed to pick a few up in the closing auction.

[eeza] 31/5/2018 16:40

3m UT @ 94.50p.

[brwo349] 31/5/2018 12:24

Are the market makers fast asleep. This is a delayed reaction to ex-dividend date exactly 1 week ago!

[minerve] 27/5/2018 13:13

Thanks SKYSHIP for the response.

[stewart64] 24/5/2018 10:22

Yep I see it as 2wild if a dividend is imminent call it five in the next 12 months. And 2.5p I believe for the final next time which has been implied by forward guidance.

Edit. especially as yet again RR has barely moved in price into and out of the dividend unlike most shares.

[skyship] 24/5/2018 08:13

Correct - XD 1.85p today - PD 13th July.

[eeza] 23/5/2018 19:47

Correction.
3 x 1.85p + 2.45p (? maybe) final = 8.00p.

Edit: Ah, I see the logic in your calculation.

[2wild] 23/5/2018 10:27

Just toped up at 99.98p and with the shares going ex div tomorrow, should be intitled to 4 x 1.85 + 2.45 final = 9.45p in 12 months (+- a day or 2). With No IPT that over 9.5% after costs in year 1 of a long term investment, totally tax free in a self-select ISA.

[badtime] 22/5/2018 13:48

Lol...the lack of dosh :)

[skyship] 22/5/2018 13:03

Likewise - thnx speedsgh

Welcome BT - what kept you?

[badtime] 22/5/2018 11:28

Took a nibble

[sleepy] 22/5/2018 09:04

Thanks Speedsgh

[speedsgh] 22/5/2018 07:52

@Sleepy - That is a typo in the Edison report. The figure for end-FY17 should read as £61.9m (see below).



... As at 31 December 2017, the Group's property portfolio was valued at £737.3 m (31 December 2016: £502.4), with contracted rental income of £61.9m (31 December 2016: £44.0m), and an occupancy rate by value of 85.0% (31 December 2016: 82.7%). Occupancy by area amounted to 84.3% (31 December 2016: 83.8%)...

[sleepy] 22/5/2018 00:10

From Edison’s note:

At 31 March, occupancy (by value) was 85.7% versus 85.0% at end-FY17. Adjusting for portfolio changes, like-for-like occupancy was unchanged, with a contracted rent roll of c £61.7m (end-FY17: £67.9m). Several disposals, amounting to c £18m (net of costs) by value were completed in Q118. All had been agreed in H217, with sales prices averaging 19.3% above the H117 valuations. As previously reported, the £4.9m acquisition of a fully let office building at Port Solent was completed, adding c £0.4m to annualised rent income. Since 31 March, RGL has announced the acquisition of a £35.2m portfolio comprising five regional offices, and an office/distribution property, expected to provide net income of £3.1m pa, representing an 8.4% net initial yield.

Why are rents down from £67.9m pa to £61.7m pa?

[killing_time] 21/5/2018 14:13

Thanks SKYSHIP.

[skyship] 21/5/2018 14:06

Minerve - 38 leases came up for renewal; and within the Qtr just over 2/3rds was re-let or renewed. Seems OK to me.

In the meantime, herewith EDISON's latest Update:

[minerve] 17/5/2018 21:03

SKYSHIP

➡️ Over the period 38 leases came up for renewal, totalling 156,309 sq. ft.. Lease
➡️ renewals, and the acquisition of new replacement tenants, c.69% (by value).

Hi SKYSHIP

May I ask what your view of the renewals and new replacement % is? You seem to be following this more closely than others.

Thanks in advance.