Delivering results
Regional REIT’s (RGL) first full year results show that commitments made at the time of the IPO in November 2015 have been fulfilled. These include the delivery of portfolio and rent roll growth through active asset management, rebalancing towards England and Wales and office and industrial, debt cost reduction and the delivery of attractive returns through income and capital growth. Following considerable acquisitive growth in FY16, RGL has also bought the investment portfolio of Conygar (CIC) for shares since the year-end. The acquisition is complementary, with minimal overlap of tenants or locations, and brings additional diversity and scale to the high-yielding portfolio, supporting a sector-leading dividend.Regional REIT is a real estate investment trust company. Co. is engaged in the investment, management and disposition of regional property assets. Co.'s commercial property portfolio is in the U.K. comprises of offices and industrial units located in the regional centers of the U.K. outside of the M25 motorway. As of Dec 31, 2016, the portfolio is diversified with 123 properties, 941 units and 717 tenants.
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