Edison Investment Research - Regional REIT Ltd. (RGL) Regional REIT - FY21 DPS target met, confirming attractive yield

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Edison Investment Research

Martyn King

Regional REIT - FY21 DPS target met, confirming attractive yield

Regional REIT (RGL) has declared a Q421 DPS of 1.7p, taking the total for the year to 6.5p, which we forecast will be fully covered by EPRA earnings reported when the results to 31 December 2021 (FY21) are reported on 29 March. The attractive dividend yield of 7.4% is one of the highest in the UK REIT sector and RGL believes the office sector is poised for recovery.

24/02/2022 1 EN

Underlying

Regional REIT Ltd.

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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GG00BYV2ZQ34 London Stock Exchange Guernsey

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Martyn King

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Regional REIT - FY21 DPS target met, confirming attractive yield

Regional REIT - Performing as expected ahead of refinancing

Regional REIT - Lancing the boil?

Regional REIT - Underlying progress but leasing remains subdued

AUSTRIACARD - Acquiring data analytics expertise

Brighton Pier Group - Sweating the assets

Borussia Dortmund - London calling

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