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Trading statements

Regional REIT positive on prospects for 2016

27 May 2016 07:39

Regional REIT remains positive on the prospects for the group in 2016, said chairman Kevin McGrath in an AGM statement.

He cited a sustained growth in rental income and tight control of costs, accompanied by some further growth in assets and an active management of the portfolio mix.

"We see a strong underpinning for longer term NAV growth and returns to our Shareholders."

The Company would pay a dividend of 1.75p a share for the period Jan. 1 to March 31.

It is the company's current intention to pay three quarterly dividends at about this level in relation to the financial year 2016 and then a fourth quarter dividend to manage compliance with the 90% minimum REIT distribution requirement.

Story provided by StockMarketWire.com

Related Company: RGL

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