Edison Investment Research - Regional REIT Ltd. (RGL) Regional REIT - FY22 DPS covered and yields c 11% yield

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Edison Investment Research

Martyn King

Regional REIT - FY22 DPS covered and yields c 11% yield

Regional REIT (RGL) has confirmed a Q422 DPS of 1.65p, taking the total for the year to 6.6p. It expects this to be fully covered by EPRA earnings when results are published in March, supported by leasing progress and strong rent collection. Market-wide valuation yield widening reduced NAV and increased gearing, but RGL notes that it has ample headroom available across the debt facilities, which are fixed at a cost of 3.5%.

27/02/2023 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 - FY22 DPS covered and yields c 11% yield

Regional REIT - Performing as expected ahead of refinancing

Regional REIT - Lancing the boil?

Regional REIT - Underlying progress but leasing remains subdued

ProCredit Holding - A solid start to 2024

Britvic - Buoyant volumes in H124

Topps Tiles - Looking to the future

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