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 Shares Traded Last Trade
  -0.30 -0.34% 88.00 676,975 16:35:08
Bid Price Offer Price High Price Low Price Open Price
87.80 87.90 87.90 87.40 87.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 75.94 -31.20 -7.20 380
Last Trade Time Trade Type Trade Size Trade Price Currency
17:48:03 O 8,023 88.00 GBX

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Date Time Title Posts
10/9/202108:15Regional REIT - Targeting High Yields from Regional Property2,720
13/3/202010:24*** Regional Reit ***1

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Regional Reit Daily Update: Regional Reit Limited is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker RGL. The last closing price for Regional Reit was 88.30p.
Regional Reit Limited has a 4 week average price of 86p and a 12 week average price of 85.50p.
The 1 year high share price is 93.20p while the 1 year low share price is currently 58.30p.
There are currently 431,506,583 shares in issue and the average daily traded volume is 539,148 shares. The market capitalisation of Regional Reit Limited is £379,725,793.04.
cwa1: Large acquisition:- https://uk.advfn.com/stock-market/london/regional-reit-RGL/share-news/Regional-REIT-Limited-GBP236m-Regional-Office-Port/85941486 Regional REIT Limited GBP236m Regional Office Portfolio Acquisition 31/08/2021 7:00am UK Regulatory (RNS & others 31 August 2021 REGIONAL REIT Limited ("Regional REIT", the "Group" or the "Company") GBP236m Regional Office Portfolio Acquisition 31 Assets Acquired at a NIY of 7.8% Regional REIT Limited (LSE: RGL), the UK regional office specialist, is pleased to announce that it is has acquired a major portfolio of 31 high quality, predominately multi-let office assets, (the "Portfolio") from Squarestone Growth LLP (the "Vendor"), for a consideration price of GBP236.0m* (the "Acquisition"). The Board's expectation is for the Acquisition to be earnings accretive, with significant additional value being achieved over the coming years from the Company's active management initiatives. The Acquisition will also add further significant scale and diversification to the Company's portfolio to the benefit of all shareholders. The consideration to be paid to the Vendor will be satisfied by three components: the issuance of 84,230,000 new ordinary shares in the Company at 98.6 pence per share (being the EPRA Net Tangible Asset Value per share as at 31 December 2020) equivalent to GBP83.1m, GBP76.7m of existing cash resources and additional borrowings of GBP76.2m.
skinny: The Company will pay a dividend of 1.60 pence per share for the period 1 April 2021 to 30 June 2021. The dividend payment will be made on 15 October 2021 to shareholders on the register as at 10 September 2021. The ex-dividend date will be 9 September 2021. The entire dividend will be paid as a REIT property income distribution ("PID"). The level of future payment of dividends will be determined by the Board having regard to, among other things, the financial position and performance of the Group at the relevant time, UK REIT requirements and the interests of shareholders.
playful: I am familiar with the marston moor industrial estate in Tokwith and can tell you they have achieved a great price especially as any future development is very difficult due to the site being on the historical battle field. htTps://en.wikipedia.org/wiki/Battle_of_Marston_Moor
fred177: Edison did a decent note on RGL on 21 April good prospects but will need to do better on retention I think they will probably do more with IWG (spaces and Regus) they are already in Tay house and this could be a way forward with management agreements there’s a better return than just rent so short term could be painful long term ok good the other thing is iwg’s biggest outside shareholder with circa 660 million equity is Toscafund which is run by the so called Rottweiler Martin Hughes same shareholders investor asset managers as RGL lots to play for if you’re patient take the dividends and shut your eyes
fred177: Barclays are going that’s in the price they’ve built a huge campus in Glasgow and dilapidation have been agreed I too am disappointed with the rention in Q1 says that 29% of space has been vacated by those with break opportunities if that after new let’s etc etc read the notes if that continues it’s a tough gig bear in mind Inglus refers to long term outlook I think there’s a lot of problems in short term surprised they’ve raised the dividend at this stage a retrace on this would be painful I think it’s ok long term 5 years anything less is risky
gliderpilot2002: I have written to Investor Relations today.Dear Sir A while ago shareholders were told that the dividend was being cut because the company wished to hold more cash. We were then told that nearly all rent due this year has been collected. Now shareholders are told that the company is thinking of buying back shares. The vision of Regional Reit has always been to generate income for shareholders. It was spectacularly value destructive cutting the dividend which supported the share price, and it is of no benefit whatsoever to private shareholders to have a share buy back. If you issue shares to raise capital when the share price is high as you did in June 2019 and considered doing this year, you are not doing yourself or shareholders any favours. Please reinstate the 2p a share dividend as soon as practical and focus on providing income for shareholders. Would you please forward this email to the Chairman and ask him to acknowledge it. My perspective as a shareholder is that the Board's performance is inadequate. Regards Andy Cobbett
kenmitch: SKYSHIP is a brilliant poster with a long record of finding excellent winning Investment Trusts, and I’ve invested in superb winners thanks to his prompting. But the one thing I have never agreed with is his enthusiasm for Investment Trusts buying back their shares. The share prices will look after themselves if they invest in the right things at the right time and there is no need to spend a lot of money just to try and reduce the discount, and increase NAV artificially. That money can, and in my opinion, should be much better spent on the business itself and not on trying to manipulate the share price. Also I’ve monitored a lot of Trusts buying back and so often the share price does go up a bit while they are buying back but as soon as they stop the discount widens again. So to solve it they buyback again and the same happens again. Trusts currently at massive discounts like the Property REITs will see the discounts narrow a lot when they are eventually back in favour, so that’s another reason imo why they don’t need to spend many £millions buying back. This is a topic those with strong opinions on both sides of the argument will never agree on! What I do accept is that Investment Trust buybacks are not as wasteful as Companies buying back. e.g Whitbread spent the entire proceeds of their sale of their Costa coffee business supposedly “rewardingR21; their investors by spending it and supposedly giving it ALL back to their shareholders with their buybacks. Some reward that was. The share subsequently halved! Their shareholders got no reward at all. Instead they suffered a 50% loss. This is a classic example of a Company throwing away £billions buying back their shares.
cc2014: Who knows whether this is the bottom or not but what I do know is that the way to make money is to buy when the share price looks absolutely dire, when peak pessimism occurs. Maybe that has been and gone, maybe we haven't reached there yet but my sense is that we are hovering around that area. What I also know is that for sure rent negotiations will be difficult for the next year and maybe longer, but also for sure some or all or even too much is already in the share price because the discount to NAV is massive, the cash collection vs the dividend and interest payments are good. It's intriguing times.
skyship: Update: Regional Reit Of all the companies whose share price you would expect to have recovered well from the lows of mid-March, a property trust that focuses on essential industries and has collected about 96pc of rents would be near the top of the list. Yet shares in Regional Reit, which has just those characteristics, are not far from their 55.8p nadir of March 19: they closed last night at 60p. At that price they yield precisely 10pc if the trust pays this year’s remaining two quarterly dividends at the new level it announced when it cut its divi in August. The market seems to be saying that even the new, lower dividend is unsustainable. This column begs to differ. The trust’s rent collection numbers speak for themselves and its dividend should now be fully covered by earnings. Either investors expect the second wave to inflict greater damage, extending even to Regional’s defensive tenants, or they have had their heads turned by more exciting opportunities in, say, American technology stocks. Whatever the reason, Questor sees this as a wonderful opportunity for readers who have spare cash to lock in what amounts to a stratospheric yield – 100 times Bank Rate, no less. Questor says: buy Ticker: RGL Share price at close: 60p
clausentum: A couple of years ago we could buy RGL at 90p, and within 15 months the share price had increased by 30%, I expect it to increase again by 30% in the next 15 months. I am grateful for the problems collecting rents, because it means the share price has fallen and given me the opportunity to repurchase at 55% the February price. Even it remains 25% below the previous peak, there is still room for a 30% capital gain over the short term. And in the meantime the dividend is still worth collecting.
Regional Reit share price data is direct from the London Stock Exchange
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