Regional Reit Share Discussion Threads

[speedsgh] 26/5/2017 10:00

May 2017 Trading Update and Outlook Statement -

Stephen Inglis, Group Property Director and Chief Investment Officer of London & Scottish Investments Limited, commented: "We have maintained a strong pace of lettings year-to-date, picking up on the second-half of 2016, with both industrial units and regional offices performing well."

"Our active asset management has been reinforced by selective capital expenditure as we continue to enhance our properties to build organic growth. The acquisition and embedding of the new investment properties has gone well and we are achieving good progress with prospective lettings. At present regional property is tempered by more limited investment activity, however, we continue to consider a number of opportunities."....

[skyship] 14/5/2017 12:22

An update on the comparative performances of the high yielding regional players.

I’ve added in two other players – The Birmingham specialist Real Estate Investors (61p; 4.3% Yield; 7.9% NAV discount; £113m MCap) & the other small regional propco Palace Capital (360p; 5.0% Yield; 16.3% NAV discount; £89m MCap). This last is my short-term tip for a possible/likely 10% rise before or upon the Finals on 6th June – I’ve taken a position @ an average of c355p.

Feb’17 Investor Presentation:


May’17 Broker Research Note:



free stock charts from uk.advfn.com

[skyship] 05/4/2017 18:05

RGL a recent poor performer; whereas the others still in a pack.

Personally I've ducked out of EPIC at prices up to 107p+ - will look to buy back again when offered below 105p...


free stock charts from uk.advfn.com

[spectoacc] 04/4/2017 16:12

Yes - heavy overhang, unless they can find someone to take it in a block.

I like RGL but as a former long-ish term CIC shareholder, I know they're no mugs, and RGL's gearing concerns me a little. Has a "jury's out" feel to it.

[ntv] 04/4/2017 15:28

this ain't going nowhere til the management they haven't wasted shareholders, on what, consider a poor purchase
management look as though have bitten off more than they chew
hence the devaluation of the shares

[speedsgh] 04/4/2017 14:05

Gradual release from lock-in is likely to keep a lid on the share price over the next 18 months or so then?

[spectoacc] 04/4/2017 13:55

You're right:

"-- The ordinary shares issued to Conygar will be subject to a lock-in of 6-months for the first one-third, 12-months for the second third and 18-months for final third, commencing on the date of completion of the acquisition."

Had hoped recent weakness was due to CIC's selling, but seems there's been none of it as yet.

[ntv] 04/4/2017 13:36

yes they are from memory plus i would be surprise they were not
must be news due from the purchased re Farnborough letting i would think

[spectoacc] 04/4/2017 13:28

Must admit I'm not a fan of paid-for research but is a good way to hear from one side.

On another note - CIC got c.23m shares, but are they locked in? Haven't seen mention of it anywhere, and can't see them holding RGL long term.

[speedsgh] 04/4/2017 10:45

New Edison video interview with CIO Stephen Inglis in which he discusses the results, strategy and the outlook for regional property -

[speedsgh] 03/4/2017 12:44

New Edison research note released today...

Delivering results -

[alan@bj] 28/3/2017 20:27

Good show of confidence.

[speedsgh] 28/3/2017 20:11

Director/PDMR Shareholding -

On 24 March 2017 Mr. Taylor purchased 100,000 shares in the Company [at 102p each] via his personal SIPP. Following this transaction, Mr Taylor's holding in the Company increased to 250,000 shares, representing 0.083% of the share capital.

[spectoacc] 23/3/2017 08:45

Don't see too much wrong with RGL but personally I'm in far too many property ITs already. The gearing of over 40%, & loan cost of c.3.5%, would put me off a little, as would the recent purchase from CIC. I'd probably be in RGL for the income/slight NAV discount if not for picking the likes of KWE, PILR & AEWU ahead of them. AEWU in particular has lower gearing and higher yield (though no discount - frequently trades at a premium. Is also in the trashier end of industrial, but with only 20% gearing).

RGL seem to spend a lot on capital expenditure - not necessarily a bad thing but needs considering alongside "we bought at 9% and sold at 6.5%".

[fenners66] 23/3/2017 08:33

I have had these on the radar as an income stock; however I see the fall on results and have had a scan through them.
One point would be a complete change with regards to property expenses and admin costs,
Lots of management fees now with barely any in the previous year.
This looks like a lower profitability model?

Any thoughts?

[lord gnome] 08/3/2017 09:41

Just swapped out of CREI and back into RGL. CREI above NAV, RGL below NAV. RGL offering higher yield. Higher LTV with RGL, but still looks to be a good deal and I regard the two as decent alternatives.

[renew] 23/2/2017 13:44

Nearly all small sales today! Cant see why. Dividend raised and potentially a reasonable purchase. Ive probably missed something but Ive been buying.

[ursus] 23/2/2017 11:47

And today - a sizeable acquisition from Conygar.

[spectoacc] 20/1/2017 09:30

Thanks @Sky. Have held a few of those tho currently in none of them. Do like some of the property co's & ITs tho - got KWE, UKCM, SREI & PILR.

Find premiums offputting; takes only a small drop in capital values for a geared propco's NAV to fall sharply. Also wary that some (eg AEWU) paying out more than they're earning even tho we're still in the good times.

Keen on regional "smallbox" as typified by (the highly illiquid) PILR, & have been in/out of BBOX too. Not keen on office or South East. In UAI too, so maybe my property exposure's already a bit high.

But whilst not screaming value, the whole sector seems unreasonably unloved - particularly compared to eg infrastructure trusts. Economy & interest rate risk, but the one should tick along and the other do very little.

[petersinthemarket] 19/1/2017 11:01

roughly four weeks to results - finals 18 feb last year

[speedsgh] 17/11/2016 14:12

Trading Update and Q3 Dividend Declaration -

Details on the split between PID + ordinary non-PID payment on the Q3 dividend can be found on the Dividend Information >> Dividend History link on the Investors page on the company website.



Q3 dividend 1.75p of which: PID 1.6345p, non-PID 0.1155p

[speedsgh] 04/11/2016 09:57

Bag a fully covered 7% yield with Regional Reit - [SUBSCRIPTION REQUIRED]

Since floating a year ago, Regional Reit (RGL) has made impressive progress towards its goal of paying a dividend of 7-8 per cent of its 100p float price as part of a targeted annual total return of 10-15 per cent. Indeed, brokers are already forecasting a fully covered 7.2 per cent payout this year...

...Regional Reit is well managed and has shown its ability to pick up assets with plenty of potential. Demand for quality office and industrial space outside London remains solid and, with a sector-leading dividend paid quarterly, the shares are a buy.

[speedsgh] 04/10/2016 13:55

New Edison research note released today...

Active management for income -