Regional Reit Share Discussion Threads

[spob] 05/3/2020 09:53

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Investor Overview

Regional REIT provides investors with exposure to high quality commercial properties in principal UK regions, outside of the M25 motorway. Integral to the strategy is the Asset Manager's detailed plans for each property with each property modelled and planned.

Regional REIT’s commercial property portfolio is wholly in the UK and comprises, predominantly, offices (78.2% of the portfolio by value, 30 June 2019) and industrial units (14.3%) located in the regional centres of the UK outside of the M25 motorway.

The Company aims to invest in high quality commercial properties in the principal UK regions, ex London, with a focus on the office and light industrial markets. This offers investors unique exposure to the dynamic regional high yielding property market.

The timing of investment in a distressed market is opportunistic as there are signs of improvement. Capital inflows into the regions are growing, secondary is set to outperform prime property and increasing tenant demand in the stronger UK wide economy is outweighing limited office and industrial supply.

Regional REIT is externally managed by London & Scottish Property Investment Management (LSPIM), the Asset Manager, and Toscafund Asset Management LLP, the Investment Manager, and was formed from the combination of two pre-existing property funds.

The Company was seeded by £386m of UK properties (128 properties), with a running net initial yield of 8.3%. The group targets an attractive total return of 10%+ to shareholders, with a strong focus on income.





Major Shareholders

The Company has been notified by way of TR1 "Holding(s) in Company" announcements, of the following major shareholders (at or above 5%) to date:

Toscafund Investments Ltd. (notified 11 July 2017) 9.04%

Regional REIT Limited is a Company registered in Guernsey. The disclosure thresholds for such a non-UK issuer (per Disclosure & Transparency Rule 5) are 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%.




Listing (ticker) LSE Main Market (RGL)
Date of Listing 6 November 2015
Shares in issue, Initially 274m (Jul ‘19: 431.5m)
Broker Peel Hunt
Financial PR Buchanan Communications
Incorporated Guernsey




19 July 2019

Results of Capital Raising

On 24 June 2019, Regional REIT announced a proposed Placing, Open Offer, Offer for Subscription and Intermediaries Offer at 106.5 pence per share (the "Capital Raising").

Regional REIT is now pleased to announce that it has received valid applications and commitments for the Capital Raising such that the Company will issue 58,685,447 New Ordinary Shares at 106.5 pence per New Ordinary Share, raising, in aggregate, gross proceeds of GBP62.5 million. The result of the Capital Raising is in excess of the targeted gross proceeds of approximately GBP50 million announced on 24 June 2019 and the Board has made use of its ability to increase the size of the Capital Raising by issuing a further 11,737,089 New Ordinary Shares in order to raise the aggregate gross proceeds of GBP62.5 million.




19 December 2017

Results of Capital Raising

On 4 December, Regional REIT announced a proposed Firm Placing, Placing, Open Offer and Offer for Subscription at 101 pence per share (the "Capital Raising").

Regional REIT is now pleased to announce that it has received valid applications and commitments for the Capital Raising such that the Company will issue 72,277,228 New Ordinary Shares at 101 pence per New Ordinary Share, raising, in aggregate, gross proceeds of GBP73.00 million.



24 March 2017

Completion of the Acquisition of c. GBP129m of Property Assets from The Conygar Investment Company PLC

Issue of New Share Capital and Total Voting Rights of Regional REIT Limited

Regional REIT Limited (LSE: RGL) ("Regional REIT", "the Group" or "the Company"), the UK regional office and industrial property focused REIT, is pleased to announce that it has today completed the acquisition of c. GBP129m UK regional office, industrial and retail & retail distribution investment properties from The Conygar Investment Company PLC ("Conygar") (the "Acquisition"), originally announced on 23 February 2017. Regional REIT has acquired the properties by way of the purchase of a number of Special Purpose Vehicles ("SPVs") that own the individual assets.

In settlement of the Acquisition, the Company has now issued 26,326,644 new ordinary shares (the "Consideration Shares") to Conygar. Application has been made to the UK Listing Authority and to the London Stock Exchange for admission of the Consideration Shares (which will rank pari passu with the existing ordinary shares in the Company) to the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange ("Admission"). It is expected that Admission will occur on 28 March 2017.




All data

[skyship] 02/3/2020 16:12

Yes, BBOX a bit of an oddball really - share price gone nowhere in 4yrs whilst logistics was very much a "go to" sector. You could have played the swings; but really the yield hasn't rewarded shareholders much. Even back at 132p the yield is still only 5.2%.

I and many of us here prefer the smaller REITs.

Current best buy? On a bad day, of which we have had many recently (!), look for a cheap offer in AEWL (AIRE as of tomorrow), AEWU and here in RGL.

I've partly bought back into RGL, though no real conviction at the moment. I'm wondering whether they might ditch the proposed equity issue in the light of recent events.

[ugandalad] 02/3/2020 14:56

I sold my BBOX which has been coming down from its 159.7 peak in July 2019. Not really sure why but Stockopedia have it rated as a value trap and given its price fall and the recent take over activity at premium prices in the Warehouse sector I decided to sit on the sidelines until the market absorbed all that is bothering it. I'm looking at this REIT and others to reinvest and see the smaller drop as a positive but not in a hurry.

[chucko1] 02/3/2020 14:01

I sold the vast majority. Is only down 5% from its peak with an overall market down roughly 15%. Good yield, yes, but vulnerable to overall market panic given its still good price.

By comparison, although a different sort of REIT, BBOX has fallen 12% the past days. ESP is off only 7% although I think the forthcoming rental season for students could be far messier than has been priced in. Only off 5-6% which I think is not enough. That said, it was already at a decent NAV discount, but with a moderate dividend that still remains uncovered.

You might argue that RDSB, AV et al at 9% yields are a reasonable substitute! There are other ones at 14% such as NRR and SQN (overdone). Take your pick, the shelves are full! (not of antibacterial soap, however).

[spittingbarrel] 02/3/2020 13:49

And I'm out for a small turn.

[badtime] 27/2/2020 18:21

Bought any?

[skyship] 27/2/2020 14:49

Value finally re-emerging as the yield rises above 7% again:


free stock charts from uk.advfn.com

[cwa1] 27/2/2020 07:46

Snippets from this morning's announcements:-

The Company will pay a dividend of 2.55 pence per share ("pps") for the period 1 October 2019 to 31 December 2019. The dividend payment will be made on 9 April 2020 to shareholders on the register as at 6 March 2020. The ex-dividend date will be 5 March 2020. The entire dividend will be paid as a REIT property income distribution ("PID").

and

Our 2019 preliminary results will be announced on the 26th March 2020, and we expect both EPRA earnings per share and EPRA net asset value per share to be in line with market expectations.

As previously announced, we are considering an equity fundraise to take advantage of the near term pipeline of accretive growth opportunities in the investment market, and we look forward to updating our shareholders in due course."

[spob] 24/2/2020 17:42

"is he a millionaire ?"

if you mean Jim Simons

Making another million for him, would be like the average person picking up a penny from the pavement

[skinny] 24/2/2020 11:43

I thought it was Trevor Baylis!

[asmodeus] 24/2/2020 11:42

Angus Deaton has certainly aged, and changed his appearance (re 1770 - photos)

[badtime] 24/2/2020 10:18

I'd agree with hat last sentence

[solarno lopez] 24/2/2020 08:09

is he a millionaire ?

[spob] 23/2/2020 18:06

All episodes of Michael Covel's podcast can be found here



check out episode 842 for starters

[spob] 23/2/2020 18:01

light years, yes i agree - haha

[minerve 2] 23/2/2020 17:55

There is light years between this chap above and the ordinary trader. He is a mathematical genius and is to quants what Buffet is to value investing.

[skyship] 23/2/2020 17:46

spob - thnx for the links - will take a look...

[spob] 23/2/2020 17:24

The Man Who Solved The Market

[spob] 23/2/2020 17:21

Good place to start if you want to learn about trend following trading is "Michael Covel"

Google him




I liten to his regular podcasts - they are very interesting sometimes


Trend Following trading is about following a set a rules and letting the maths do the work

Once set up correctly, it absolutely works


Also google "Jim/James Simmons"

He's a math genius and he prints his own money :)

[a0002577] 23/2/2020 13:03

Minerve 2 is a 'free' member so no profile - others like me and Skyship, for example, are premium members and publish a profile. So, generally I ignore the rather pompous comments and advice from these free loaders.

[minerve 2] 23/2/2020 10:34

DavROs

Professional traders would manage risk by setting trade size calculated on the delta between current share price and stop-loss point. Why are you not doing that?

[skyship] 23/2/2020 10:22

Dav - Good post; though surely still possible to arrive at your compound annual return over that 10yr period.

Also - "I try and get on up trends as they start and get off as they end."

So, looking at the 2yr chart in the Header; and that low of 90p in Dec'18; when would you get on to the ladder; and when get off?