Regional Reit Share Discussion Threads

[spectoacc] 04/4/2017 12:28

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 09:45

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 11:44

New Edison research note released today...

Delivering results -

[alan@bj] 28/3/2017 19:27

Good show of confidence.

[speedsgh] 28/3/2017 19:11

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 12:55

New Edison research note released today...

Active management for income -

[speedsgh] 01/9/2016 08:21

Q2 2016 Dividend Announcement and Interim Results Date -

Details on the split between PID + ordinary non-PID payment on the Q2 dividend can be found on the Dividend Information >> Dividend History link on the Investors page on the company website.



Q2 dividend 1.75p of which: PID 1.5013p, non-PID 0.2487p

[speedsgh] 26/7/2016 14:03

Edison Investment Research initiates coverage on RGL...

Regional REIT: Focus on regional commercial property income -

[my retirement fund] 09/7/2016 15:29

Hmmm still looks a little overvalued against other property opportunities imo

[wirralowl] 09/7/2016 14:35

Thanks Jonwig, had missed the end of May update, so apologies for posting the earlier out-dated figures (taken as at 31 Dec 2015).

[jonwig] 08/7/2016 16:59

Looking at latest statements:

• occupancy is 81% - a bit low;

• LtV is 40% (at 31 March) - a bit high, though not frightening;

• Weighted average lease length is under 6 years - a bit vulnerable to a sharp downturn;

• bank debts due in 2 - 4 year timeframe: a bit short.

• properties are secondary/tertiary quality. maybe that demands an extra discount in this climate.

• NAV 108p: discount probably warranted.

Not my cuppa.

[lord gnome] 08/7/2016 15:49

No idea WirralOwl. The markdown certainly looks harsh and overdone. I have no position at present as Lady Gnome and I are in the middle of a protracted house move and had to raise cash. Once the deal unwinds, this will be top of my 'buy' list.

[wirralowl] 08/7/2016 15:21

Anyone know why this has been hit proportionally harder than other REIT's such as CREI or EPIC? Last reported NAV I believe was 107.8p (so plenty of room for downside adjustments)Earnings of 7.7p will cover the target divvy and LTV is a reasonable 25.4%...?

[speedsgh] 27/5/2016 09:33

Details on the split between PID + ordinary payment on the Q1 dividend can be found on the Dividend Information link under Investors on the company website.



Q1 dividend 1.75p of which: PID 1.3579p, non-PID 0.3921p

Would be helpful if they included this info in the text of the rns.