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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Regional Reit Limited | LSE:RGL | London | Ordinary Share | GG00BYV2ZQ34 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.55 | 2.51% | 22.45 | 22.35 | 22.40 | 23.00 | 21.55 | 21.90 | 1,505,211 | 16:35:15 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 93.32M | -65.16M | -0.1263 | -1.77 | 115.27M |
TIDMRGL
RNS Number : 7712B
Regional REIT Limited
25 September 2018
25 September 2018
REGIONAL REIT LIMITED
("Regional REIT", the "Group" or the "Company")
GBP50m LOAN FACILITY REPAYMENT
Regional REIT, the UK regional office and industrial property focused real estate investment trust, today announces it has repaid GBP50m of the GBP65m 5% ICG Longbow Ltd. loan facility (the "facility"), which is due to mature August 2019. The remainder of the facility is expected to be settled by the end of November 2018 from disposal proceeds or refinancing.
The early repayment of the facility was funded by recent property disposals and in part by the proceeds of the 4.5% 2024 Retail Eligible Bond.
- ENDS -
Enquiries:
Regional REIT Limited Press enquiries through Headland Toscafund Asset Management Tel: +44 (0) 20 7845 6100 Investment Manager to the Group Adam Dickinson, Investor Relations, Regional REIT Limited London & Scottish Investments Tel: +44 (0) 141 248 4155 Asset Manager to the Group Stephen Inglis Headland PR Consultancy LLP Tel: +44 (0) 20 3805 4822 Financial PR Francesca Tuckett / Jack Gault
About Regional REIT
Regional REIT Limited (LSE: RGL) is a London Stock Exchange Main Market traded specialist real estate investment trust focused on office and industrial property interests in the principal regional locations of the United Kingdom outside of the M25 motorway.
Regional REIT is managed by London & Scottish Investments, the Asset Manager, and Toscafund Asset Management, the Investment Manager, and was formed by the combination of two existing funds previously created by the Managers as a differentiated play on the expected recovery in UK regional property, to deliver an attractive total return to Shareholders and with a strong focus on income.
The Group's investment portfolio, as at 30 June 2018, was spread across 151 regional properties, 1,294 units and 950 tenants. As at 30 June 2018, the investment portfolio had a value of GBP758.7m and a net initial yield of 6.4%. The weighted average unexpired lease term to first break was 3.5 years.
The Company's shares were admitted to the Official List of the UK's Financial Conduct Authority and to trading on the London Stock Exchange on 6 November 2015. For more information, please visit the Group's website at www.regionalreit.com
Cautionary Statement
This document has been prepared solely to provide additional information to Shareholders to assess the Group's performance in relation to its operations and growth potential. The document should not be relied upon by any other party or for any other reason. Any forward looking statements made in this document are done so by the Directors in good faith based on the information available to them up to the time of their approval of this document. However, such statements should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying any such forward-looking information.
ESMA Legal Entity Identifier ("LEI"): (549300D8G4NKLRIKBX73)
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCQZLFLVKFXBBB
(END) Dow Jones Newswires
September 25, 2018 02:00 ET (06:00 GMT)
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