reports
- Martyn King
Regional REIT - Preparing the ground
Regional REIT (RGL) has issued a Q324 trading update and has declared a quarterly DPS of 2.2p, in line with previous guidance. The retention rate on lease renewals remains high, partly reflecting the benefits of portfolio capex, also reflected in a further improvement in the EPC rating. A more general uptick in leasing is yet to be seen, with budget-related torpor also acting as a drag on the completion of disposals. There is no change to our forecasts.
- Martyn King
Regional REIT - A clear strategy to realise value
Regional REIT’s (RGL’s) H124 performance had been well flagged during its equity raising and provided no surprises. With the £110.5m equity raise completed and the (£50m) retail bond repaid, investor attention will again be focused on operational performance and the wider outlook for the regional office sector. Robust occupier demand for good-quality assets continues to generate rental growth and, with interest rates expected to fall further, the tone of the investment market has begun to improv...
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