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Regional Reit Limited

Current Price 94.97p Bid 94.80p Ask 95.00p Change 0.32%
Last Updated: 22/06/2018 14:24. Prices delayed by at least 15 minutes.
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Company Overview

Regional REIT is a London Stock Exchange Main Market traded specialist real estate investment trust focused on office and industrial property interests in the principal regional locations of the United Kingdom outside of the M25 motorway. Regional REIT is managed by London & Scottish Investments, the Asset Manager, and Toscafund Asset Management, the Investment Manager, and was formed by the combination of two existing funds previously created by the Managers as a differentiated play on the expected recovery in UK regional property, to deliver an attractive total return to Shareholders and with a strong focus on income. The Group's investment portfolio, as at 30 June 2017, was spread across 150 regional properties, 1,093 units and 823 tenants. As at 30 June 2017, the investment portfolio had a value of £640.4m and a net initial yield of 6.7%. The weighted average unexpired lease term to first break was 3.5 years. London & Scottish Property is a wholly-owned subsidiary of London & Scottish Investments Limited, the Asset Manager to Regional REIT Limited, providing property and asset management services.

Financial Highlights Year Ended 31/12/2017

Turnover
£52.35m
Operating Profit
£43.55m
Dividend Yield
0.00
Dividend Per Share
7.85
Dividend Cover
1.16
P/E Ratio
10.40

Key Personnel

Keith David McGrath
Non-Executive Chairman
Frances Margaret Catherine Daley
Non-Executive Director
William Duncan Eason
Non-Executive Director
Stephen John Inglis
Non-Executive Director
Daniel James Breden Taylor
Non-Executive Director
Timothy Martin Bee
Non-Executive Director

Stock Details

EPIC
RGL
ISIN
GG00BYV2ZQ34
Shares in Issue
372,821,136
Market cap
£352.69m

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
94.90p
Bid Price
94.80p
Ask Price
95.00p
Volume
328127
Change Today
0.30p
% Change Today
0.32%
Open
94.60p
Previous Close
94.60p
Intraday High
96.20p
Intraday Low
94.50p
52 Week High
107.00p
52 Week Low
94.20p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Regional Reit Limited Intra-day Chart

Assets (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Tangible Assets
0.0
0.0
Intangible Assets & Goodwill
1.7
2.2
Investments & Other Non-Current Assets
739.3
504.2
Total Non-Current Assets
740.9
506.4
Inventory
0.0
0.0
Trade & Receivables
22.0
11.4
Cash & Receivables
44.6
16.2
Other Current Assets & Assets Held for Resale
0.0
0.0
Total Assets
807.5
534.0

Liabilities (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Short Term Liabilities
42.6
23.3
Long Term Liabilities
372.0
219.0
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
414.6
242.2

Net Assets (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Net Assets
392.9
291.7

Equity (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Share Capital
370.3
274.2
Minority Interests
0.0
0.0
Retained Earnings
22.6
17.5
Share Premium Account
0.0
0.0
Other Equity
0.0
0.0
Total Equity
392.9
291.7

Cashflow (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Cashflow from Operating Activities
30.9
23.1
Cashflow Before Financing
-29.3
-81.7
Increase / Decrease in Cash
28.4
-7.8

Income (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Turnover
52.4
43.0
Cost of Sales
6.5
4.9
Gross Profit
45.9
38.1
Operating Profit
43.6
23.7
Pre-Tax Profit
28.7
13.4
Profit / Loss for the Year
27.1
13.4

Dividend History

Data has been provided by MoneyAM

Period
Ex-Dividend Date
Payment Date
H2 Dividend
01 Mar 2018
12 Apr 2018
Q3 Dividend
23 Nov 2017
22 Dec 2017
H1 Dividend
07 Sep 2017
13 Oct 2017
Q1 Dividend
08 Jun 2017
14 Jul 2017
H2 Dividend
02 Mar 2017
13 Apr 2017
Q3 Dividend
24 Nov 2016
22 Dec 2016
H1 Dividend
08 Sep 2016
07 Oct 2016
Q1 Dividend
09 Jun 2016
08 Jul 2016
H2 Dividend
17 Mar 2016
15 Apr 2016
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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