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RDI REIT

Current Price 36.75p Bid 36.70p Ask 36.80p Change 0.14%
Last Updated: 24/05/2018 10:50. Prices delayed by at least 15 minutes.
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Company Overview

RDI REIT plc (formerly Redefine International plc, formerly Wichford plc) is an income focused FTSE 250 UK Real Estate Investment Trust (UK-REIT) committed to delivering superior distributions to its shareholders throughout the property cycle. The Company's income driven total returns are underpinned by a diversified portfolio, together with an efficient capital structure. The continued transformation of both the corporate structure and asset base offer a solid foundation to drive further value. At 31 August 2017, the diversified portfolio, independently valued at £1.5 billion, is focused in Europe's two strongest economies, being the United Kingdom and Germany. The portfolio is weighted towards well located properties across a range of sectors, including retail, offices, distribution and hotels, which benefit from strong demand and from which they can capture income and value growth by attracting high calibre occupiers on long leases. The Company's investment philosophy is to effectively allocate recycled capital from mature assets into sectors and locations with strong occupier fundamentals and individual assets with realisable upside. The secure income stream is supported by a diversified portfolio and tenant base, with a WAULT of 7.4 years complemented by an average debt maturity of 7.3 years of which over 90% of interest costs are either fixed or capped. The Company is focused on all aspects impacting shareholder distributions and boasts one of the lowest cost ratios in the industry whilst continuously driving lower cost of debt.

Financial Highlights Year Ended 31/08/2017

Turnover
£102.10m
Operating Profit
£94.90m
Dividend Yield
7.22
Dividend Per Share
2.60
Dividend Cover
1.40
P/E Ratio
9.92

Key Personnel

Michael John Watters
Chief Executive Officer
Donald Grant
Chief Financial Officer
Stephen James Oakenfull
Dep Chief Executive
Gregory Allison Clarke
Non-Executive Chairman
Michael James Wills Farrow
Non-Executive Director
Susan Elizabeth Ford
Non-Executive Director
Bernard Nackan
Non-Executive Director
Robert Stewart Orr
Non-Executive Director
Gavin Robert Tipper
Non-Executive Director
Marc Lee Wainer
Non-Executive Director
Elizabeth Ann Peace
Non-Executive Director
Adrian Horsburgh
Property Director

Stock Details

EPIC
RDI
ISIN
IM00B8BV8G91
Shares in Issue
1,899,587,207
Market cap
£697.15m

Analyst Views (1)

Strong Buy
 
100.00%
Buy
 
0.00%
Hold
 
0.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
36.75p
Bid Price
36.70p
Ask Price
36.80p
Volume
2887174
Change Today
0.05p
% Change Today
0.14%
Open
37.50p
Previous Close
36.70p
Intraday High
37.50p
Intraday Low
36.60p
52 Week High
40.95p
52 Week Low
31.25p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

RDI REIT Intra-day Chart

Assets (£m)

Data has been provided by MoneyAM

Reporting Date
31 Aug 2017
31 Aug 2016
Tangible Assets
1,494.9
1,396.4
Intangible Assets & Goodwill
1.1
1.3
Investments & Other Non-Current Assets
33.0
77.7
Total Non-Current Assets
1,529.0
1,475.4
Inventory
0.0
0.0
Trade & Receivables
15.5
31.4
Cash & Receivables
52.8
32.0
Other Current Assets & Assets Held for Resale
27.3
0.0
Total Assets
1,624.6
1,538.8

Liabilities (£m)

Data has been provided by MoneyAM

Reporting Date
31 Aug 2017
31 Aug 2016
Short Term Liabilities
25.3
36.6
Long Term Liabilities
837.1
768.8
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
862.4
805.4

Net Assets (£m)

Data has been provided by MoneyAM

Reporting Date
31 Aug 2017
31 Aug 2016
Net Assets
762.2
733.4

Equity (£m)

Data has been provided by MoneyAM

Reporting Date
31 Aug 2017
31 Aug 2016
Share Capital
146.2
143.6
Minority Interests
21.8
33.6
Retained Earnings
0.0
0.0
Share Premium Account
511.8
0.0
Other Equity
82.4
556.2
Total Equity
762.2
733.4

Cashflow (£m)

Data has been provided by MoneyAM

Reporting Date
31 Aug 2017
31 Aug 2016
Cashflow from Operating Activities
49.4
39.6
Cashflow Before Financing
105.7
-330.1
Increase / Decrease in Cash
22.4
-59.3

Income (£m)

Data has been provided by MoneyAM

Reporting Date
31 Aug 2017
31 Aug 2016
Turnover
102.1
89.6
Cost of Sales
0.0
6.2
Gross Profit
0.0
83.4
Operating Profit
94.9
45.5
Pre-Tax Profit
73.5
8.6
Profit / Loss for the Year
69.6
7.5

Dividend History

Data has been provided by MoneyAM

Period
Ex-Dividend Date
Payment Date
H1 Dividend
07 Jun 2018
25 Jun 2018
H2 Dividend
30 Nov 2017
18 Dec 2017
H1 Dividend
08 Jun 2017
26 Jun 2017
H2 Dividend
17 Nov 2016
12 Dec 2016
H1 Dividend
19 May 2016
06 Jun 2016
H2 Dividend
19 Nov 2015
04 Dec 2015
H1 Dividend
21 May 2015
05 Jun 2015
H2 Dividend
20 Nov 2014
05 Dec 2014
H1 Dividend
21 May 2014
05 Jun 2014
H2 Dividend
20 Nov 2013
29 Nov 2013
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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