Regional REIT : RGL

15 May 2025 2 min read

QuotedData’s morning briefing 15 May 2025 – LMS, MYI, BSIF, BGEU, NAS, CREI, RGL

In QuotedData’s morning briefing 15 May 2025: We also have: Did you miss from yesterday?

25 Mar 2025 2 min read

Regional REIT getting on with turnaround plan

Regional REIT’s annual results for 2024 highlighted both the severe headwinds the company is facing and the early effects of the turnaround strategy it has put in place. The numbers do not make for easy reading, with the EPRA net tangible assets (NTA) down just over 40% to 210.2p per share from its restated 2023 […]

20 Feb 2025 2 min read

QuotedData’s morning briefing 20 February 2025 – JGC, DIVI, NESF, CRS, HEIT, RGL, SWEF

In QuotedData’s morning briefing 20 February 2025: Jupiter Green (JGC) has updated the timetable for its proposed reconstruction. The last day of dealings in its shares will be 4 March 2025. Diverse Income (DIVI) says that Gervais Williams and Claire Long will update investors via a live presentation on 6 March 2025 at 11am. The […]

03 Jan 2025 8 min read

QuotedData’s analysts’ picks for 2025

As we begin another year, here at QuotedData, we thought we’d have some fun and challenge our analysts, once again, to come up with some ideas for investment companies that they like and think could do well over the course of the coming year but first, we’re also going to take a look back and […]

27 Dec 2024 5 min read

QuotedData’s review of the year 2024

This is the last of our weekly emails for 2024. We hope that you have been finding them useful. 2024 has been a year of setbacks and shrinkage for the UK investment companies industry, topped by the cynical and self-serving attack on seven trusts by US corporate raider Saba Capital (there will be much more […]

18 Dec 2024 3 min read

QuotedData’s morning briefing 18 December 2024 – TMI, RGL, SERE, CATCo

In QuotedData’s morning briefing 18 December: Taylor Maritime Investments (TMI) has released its interim results for the six months to 30 September 2024. The company delivered a NAV total return of 2.6% while the total share price return was 4.5%. The company declared dividends of 4.00 US cents per ordinary share, for a current yield […]

12 Dec 2024 2 min read

QuotedData’s morning briefing 12 December 2024, DGI9, BGFD, MTE, GSF, AIE, SMIF, NRR, RGL

In QuotedData’s morning briefing – 12 December 2024: Digital 9 Infrastructure (DGI9) says InfraRed Capital Partners’ appointment as AIFM has become effective today. Triple Point’s role as AIFM also terminated effective today. Baillie Gifford Japan (BGFD) passed its continuation vote at yesterday’s AGM, the voting was 85.4%:14.6% in favour of continuation, and about 55% of […]

28 Oct 2024 1 min read

Regional REIT to install solar panels on offices

Regional REIT has entered into a joint venture with leading pan-European solar panel developer, Sunbird Solar International, to install solar panels on a number of properties within the company’s portfolio. Phase one of the installation programme will encompass 19 properties with an aggregate portfolio generation capacity of 4,173 kW and is expected to be completed […]

10 Sep 2024 2 min read

QuotedData’s morning briefing 10 September 2024 – ESO, ATR, RGL, CAL, NRR

In QuotedData’s morning briefing 10 September 2024: EPE Special Opportunities (ESO) announced its interim report for the six months to 31 July 2024. The company’s NAV total return was down 2%, while shares increased 2%. The share price represents a discount of 47% to the NAV per share. The company has cash balances of £18.4m, […]

08 Aug 2024 2 min read

QuotedData’s morning briefing 8 August 2024 – AIE, FSFL, ATT, IHR, RGL, AIRE, CREI

In QuotedData’s morning briefing 8 August 2024: Ashoka India Equity (AIE) has reminded shareholders that its annual voluntary redemption – where shareholders can, if they choose, cash in their shares at NAV – will happen at the end of September. If you want to take part, redemption requests need to be in by 5 September […]

19 Jul 2024 2 min read

QuotedData’s morning briefing 19 July 2024 – IPU, SGRO, RGL, NRR/CAL

In QuotedData’s morning briefing 19 July 2024: Following an announcement on 22 May 2024 that it intended to offer its shareholders an “elective return of capital” for up to 10% of its issued share capital, Invesco Perpetual UK Smaller Companies (IPU) has now published a circular in relation to the provision of an elective Special […]

27 Jun 2024 4 min read

Regional REIT in last chance saloon with proposed equity raise

Regional REIT has announced a capital raising of £110.5m through a fully underwritten placing. The company has also announced a 1 for 10 share consolidation. The capital raising, which is being underwritten by Bridgemere Investments, will enable the company to fully repay a £50m retail bond that is due to mature in August. The remainder […]

01 May 2024 1 min read

QuotedData’s morning briefing 1 May 2024 – PCTN, CREI, RGL

In QuotedData’s morning briefing 1 May 2024: Picton Property (PCTN) has announced a 5.7% increase in its dividend, following recent portfolio activity and the repayment of floating rate debt. The interim dividend payment for the first quarter of 2024 (to be paid this month), will be 0.925p per share (Q4 2023: 0.875p per share). Picton […]

16 Apr 2024 1 min read

QuotedData’s morning briefing 16 April 2024 – NESF, SEED, RGL

In QuotedData’s morning briefing 16 April 2024: NextEnergy Solar Fund (NESF) announced it has refinanced its existing £135m short-term Revolving Credit Facility with AIB Group and NatWest which is due to expire in June 2024. The new facility is available until June 2026 and provides two additional 12-month extension options at NESF’s sole discretion to […]

26 Mar 2024 2 min read

Regional REIT fighting fires after challenging 2023

Regional REIT reported a particularly difficult 2023 with several headwinds contributing to a 23.3% drop in net asset value (NAV) to 56.4p per share. The office landlord’s portfolio valuation fell 9.3% on a like-for-like basis to £700.7m, as high interest rates impacted on the portfolio yield. Rent roll for the year was also down, from […]

15 Mar 2024 1 min read

QuotedData’s weekly news show 15th March 2024

Thank you to everyone that listened in today, whether you watched the Zoom live or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Henderson EuroTrust / Henderson European Focus (0:53) • GCP Asset Backed Income (5:36) • Scottish Mortgage (7:41) • Regional REIT (11:02) This week’s interview was with […]

12 Mar 2024 2 min read

QuotedData’s morning briefing 12 March 2024 – RGL, THRL, LAND, GSF

In QuotedData’s morning briefing 12 March 2024: Regional REIT (RGL) says that it is exploring a possible equity capital raise of around £75m through a rights issue that would be at a material discount to the current share price. The company adds that the rights issue is one of a range of refinancing options it is […]

02 Feb 2024 4 min read

QuotedData’s morning briefing 2 February 2024 – AGA, GRID, HGT, BCPT, RGL, GCP, SHIP, GABI, VEIL, CGL

In QuotedData’s morning briefing 2 February 2024: On 1 February 2024, Apax XI Fund announced that it had closed the acquisition of WGSN, a consumer trend forecaster, from Ascential Plc. Apax Global Alpha (AGA), which is a limited partner in Apax XI, says that it has invested approximately €21.5m in WGSN on a look-through basis […]

09 Nov 2023 2 min read

QuotedData’s morning briefing 9 November 2023 – MUT, JZCP, HOT, DGN, AEI, HOME, RGL, SHED

In QuotedData’s morning briefing 9 November 2023: Murray Income says it will pay three interim dividends of 9.5p in December, March 2024 and June 2024. Up from 8.25p for the previous financial year. The directors are trying to rebalance the trust’s quarterly dividends in order to accelerate payments to shareholders. As a result, the board […]

31 Oct 2023 1 min read

QuotedData’s morning briefing 31 October 2023 – OCI, CGT, RGL

In QuotedData’s morning briefing 31 October 2023: Oakley Capital (OCI), a leading pan-European, mid-market private equity investor, is pleased to announce that Oakley Capital Origin Fund I has agreed to acquire a majority stake in Alerce, a leading Spanish provider of transport and logistics software solutions. Origin will invest alongside Alerce’s founding family, including CEO […]

11 Oct 2023 2 min read

Regional REIT appoints new investment adviser

Regional REIT has appointed ARA Europe Private Markets Limited as its investment adviser, taking over from Toscafund Asset Management. The appointment follows the announcement in April that ARA Europe REIT Manager had acquired a majority shareholding in London & Scottish Property Investment Management, the asset manager of Regional REIT. The board said that it believes […]

06 Oct 2023 1 min read

QuotedData’s weekly news update 6th October 2023

Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Henderson High Income / Henderson Diversified Income (0:40) • Pershing Square (7:16) • Octopus Renewables (10:00) Andrew McHattie spoke about Regional REIT and Digital […]

12 Sep 2023 1 min read

QuotedData’s morning briefing 12 September 2023 – RGL

In QuotedData’s morning briefing 12 September 2023: Regional REIT (RGL) reported a 9.0% drop in EPRA net tangible assets (NTA) to 66.9p per share for the six months to 30 June 2023 (Dec 2022: 73.5p). The value of the group’s portfolio of 150 regional offices fell 3.8% on a like-for-like basis to £752.2m (Dec 2022: […]

09 Jun 2023 2 min read

QuotedData’s morning briefing 9 June 2023

In QuotedData’s morning briefing 9 June 2023: International Public Partnerships (INPP) has reached financial close on its acquisition of five New Zealand availability revenue-based social infrastructure investments (as announced on 9 December 2022), following regulatory approval from New Zealand’s Overseas Investment Office (‘OIO’). These are INPP’s first New Zealand investments and the c.NZD 218m (c.£108m) […]

25 May 2023 2 min read

QuotedData’s Property Investment Conference 2023

Welcome to the videos from the Property Investment Conference 2023. The conference was for property analysts and REIT investors from all the major asset management groups, banks, stockbrokers, wealth managers and IFA Groups. Private investors were also welcomed this year via live streaming who were able to follow the panel discussions and expert speakers. We […]

13 Apr 2023 1 min read

QuotedData’s morning briefing 13 April 2023

In QuotedData’s morning briefing 13 April 2023: Round Hill Music (RHM) had FTI Consulting produce another independent valuation report on its portfolio. The FTI Report supports the valuation as at 31 December 2022, prepared by the company’s original independent valuer, Citrin Cooperman. FTI comes up with two weighted average discount rates: one assumes the use […]

28 Mar 2023 2 min read

Regional REIT’s valuations hit by rising interest rates

Regional REIT saw its net asset value fall 24.4% in annual results to 31 December 2022, primarily as a consequence of rising interest rates affecting valuations in the property sector. The group’s EPRA net tangible assets (NTA) was 73.5p per share at the end of the year, compared to 97.2p a year prior. This was […]

23 Feb 2023 1 min read

QuotedData’s morning briefing 23 February 2023

In QuotedData’s morning briefing 23 February 2023: Six months into its accounting year (which ends on 30 June 2023), Gulf Investments (GIF) had given up some ground with an NAV return of -1.8%. However, that compares well with a return of -7.1% on its benchmark. Unfortunately, the discount widened leaving investors with a return of […]

14 Feb 2023 1 min read

QuotedData’s morning briefing 14 February 2023

In QuotedData’s morning briefing 14 February 2023: Regional REIT (RGL) says the vast majority (99%) of its office tenants have returned to the office, with a hybrid work pattern of three to four days in the office and one to two days at home the favoured combination. The company says its regional office portfolio, which comprises […]

18 May 2022 2 min read

Regional REIT splashes £48.2m on trio of offices

Regional REIT has acquired three offices in Derby, Milton Keynes and Crawley for a total of £48.2m, reflecting a blended net initial yield of 8.7%. The assets It has acquired Orbis 1-3, Derby (totalling 122,153 sq ft) for £19.8m, and a 8.6% yield. It is located on a 7.54-acre site on the Pride Park business park. […]

29 Mar 2022 2 min read

Regional REIT “primed for growth”

Regional REIT, the UK office investor, says the regional office market is primed for growth in annual results to 31 December 2021. The group said it had seen an increase in demand from tenants for greater customer care, space that encourages collaboration, and a focus on health and well-being, as businesses return to the office. […]

03 Sep 2021 2 min read

QD view – Contrarian view worth backing?

We like a contrarian investor and one that will put its money where its mouth is. Well, step forward Regional REIT. The trust this week bought a £236m portfolio of regional offices (growing the size of its portfolio by more than a third) at a time when most are shying away from the sector with […]

31 Aug 2021 2 min read

Regional REIT acquires £236m portfolio

Regional REIT has acquired a portfolio of 31 multi-let offices for £236m. The group, which recently changed its investment strategy to be purely focused on UK offices, said the consideration to be paid to the vendor (Squarestone Growth LLP) will be satisfied by three components: the issuance of 84,230,000 new ordinary shares in the company at […]

23 Jul 2021 2 min read

QD view – levelling up

Prime minister Boris Johnson’s ‘levelling up’ agenda aims to give a much-needed shot in the arm for regional locations in the UK. Several property trusts could also be beneficiaries. The plan involves investing in transport, skills and businesses, mainly in the north of England, to address the north-south economic divide. Although thin on detail (more […]

21 Jul 2021 1 min read

Regional REIT sells more industrial property

Regional REIT sells more industrial property – Regional REIT has exchanged contracts with ARA Dunedin for the sale of a significant industrial property portfolio for £45.0m. This reflects a net initial yield of 6.75% to the purchaser and the price is 7.5% above the valuation as at 31 December 2020. After capital expenditure, the sale represents […]

26 Mar 2021 2 min read

QD view – Will Rishi’s call for return to office impact sector?

Chancellor Rishi Sunak has called on businesses to end working from home once the pandemic is over. It is likely to be the first of many calls as the government tries to kick start the economy – with the prosperity of city centres dependent on office workers. Although he may have an agenda to get […]

25 Mar 2021 1 min read

Regional REIT reports COVID hit results

Regional REIT has reported its COVID hit results for 2020. Operationally, the results were robust, but EPRA net tangible assets (NTA) was down 12.4% in the year to 98.6p per share, driven by a 7% drop in the value of its portfolio to £732.4m. The group collected 96.1% of rents during the year (98.2% with […]

26 Jan 2021 1 min read

Regional REIT collects 92.4% of rent for 2020

Regional REIT collected 92.4% of rent for 2020, the company said in a market update. This increases to 95.5% when agreed monthly payments and collection plans are accounted for. This, it said, was in line with the 96.9% of rent collected at the same point for 2019. A breakdown of the quarterly rent collection rates […]

13 Nov 2020 2 min read

QD view – Has COVID impact on offices been over-egged?

Hoorah, some good news. A vaccine breakthrough courtesy of Pfizer and BioNTech brought much needed positivity. For the property sector, it was the shot in the arm it needed just a week after lockdown 2.0 was announced. Will life go back to normal with a successful vaccine available or are trends developed during the pandemic, […]

1 min read

QuotedData’s weekly news show 13 November 2020

QuotedData’s weekly news show 13 November 2020 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on youtube. In this week’s show, Shonil Chande and Richard Williams covered the week’s top stories: IPO: Round Hill Music IPO Intention to float: VH Global Sustainable Energy Opportunities, and Schroder […]

12 Nov 2020 2 min read

Regional REIT to sell all non-office assets after strategic review

Regional REIT has announced it will sell all non-office assets after a strategic review by the board. The group’s portfolio consists of 150 properties worth £739.9m, 80.3% weighted to offices located outside of London. It will look to dispose of its industrial assets (13.9% of the portfolio), retail (4.3%) and other sectors (1.5%), valued at […]

03 Nov 2020 1 min read

Regional REIT buys Cardiff office

Regional REIT buys Cardiff office – Regional REIT has completed the acquisition of a modern Grade A flagship office building in Cardiff for £8.4m.The four-floor, 61,641 sq. ft. building is set in a 6.0 acre site with some 200 dedicated car parking spaces and is located in Global Reach, Cardiff. They say that it benefits from […]

05 Oct 2020 1 min read

Regional REIT acquires two offices for £10.2m

Regional REIT has acquired two offices, in Swansea and Bristol, for £10.2m at a combined net initial yield of 10.1%. The group, which owns a diverse property portfolio in regional UK locations, has bought Waterside Business Park in Swansea and 2410 Aztec West in Bristol. Combined, the assets have a weighted average unexpired lease term (WAULT) to […]

02 Oct 2020 1 min read

Regional REIT disposes of Juniper Park

Regional REIT disposes of Juniper Park – Regional REIT (RGL) has announced it has completed on the sale of Juniper Park, Basildon for £32.7m. This disposal reflects an uplift of 59.4% from the acquisition price, including subsequent capital expenditure, and 3.9% above the 30 June 2020 valuation. About Juniper Park Juniper Park is a 277,760 sq. […]

1 min read

QuotedData’s morning briefing 2 October 2020

In QuotedData’s morning briefing 2 October 2020: It’s a bit of a slow day, but we do have annual results from Henderson Eurotrust (a very strong performance despite challenging markets), the IPO of RTW Venture’s PulmonX Corporation, annual results from JPMorgan Emerging markets and the disposal by Regional REIT of Juniper Park, Basildon, Essex, for £32.7m. Elsewhere, US […]

17 Sep 2020 1 min read

Regional REIT takes hit on portfolio value

Regional REIT reported a 10.2% fall in net tangible assets (NTA) in the six months to June 2020. The company, which owns a portfolio of office and industrial properties in UK regional markets, saw the valuation of its portfolio fall 4.3% in the period due to Covid-19 uncertainty. It has collected 94.1% of rents in […]

05 Aug 2020 2 min read

QuotedData’s morning briefing 5 August 2020

In QuotedData’s morning briefing 5 August 2020: SEGRO (SGRO), the £11.5bn market cap REIT focused on modern warehouses and light industrial property, announced results covering the interim period to 30 June 2020. Adjusted pre-tax profit of £140.4m, represented an increase of 6.5% year-on-year. Adjusted NAV per share increased by 2.6% over the six-month period, helped by an […]

27 Jul 2020 1 min read

QuotedData’s morning briefing 27 July 2020

In QuotedData’s morning briefing 27 July 2020: Gold has climbed to a record high, pushed on by a weakening dollar as cases continue to rise in the US. Global sentiment is also being negatively affected by rising cases across Europe. Regional REIT (RGL) announced that further to its announcement on 8 July 2020, Q2 rent collection […]

02 Jul 2020 1 min read

Regional REIT completes series of rent renewals

Regional REIT has completed a series of lease renewals at marked uplifts in rent. The company, that owns a diverse portfolio of properties in the UK regions, has completed eight deals across office, retail and warehouse assets amounting to more than £500,000 in annual rents and at a combined uplift of 20.2% to estimated rental values […]

08 Jun 2020 1 min read

QuotedData’s morning briefing 8 June 2020

As per the announcement made on 30 April, the board of SQN Asset Finance Income (SQN) has announced the appointment of KKV Investment Management (KKV) as portfolio manager of the company and the appointment of International Fund Management as the company’s AIFM. KKV is a newly formed investment management company, majority owned by Kvika Securities, the […]

21 May 2020 1 min read

Regional REIT collects 93.9% of rents

Regional REIT has now collected 93.9% of rent for the current quarter, it announced in a trading update. The group, which owns office and industrial assets in regional UK cities, said the figure was ahead of that collected at the same point last year (92.7%). It said it will pay a dividend of 1.90 pence […]

05 May 2020 1 min read

Regional REIT rent collection rises to 92.8%

Regional REIT has provided an update on rent collection stating it had collected 92.8%. The group, which owns a diverse portfolio of office and industrial property assets in the UK, said the 92.8% of rent collected compares favourably with 91.6% rent collection at the same date in 2019. The collection rate, as at 1 May 2020, […]

09 Apr 2020 1 min read

Regional REIT posts 2.5% fall in NAV and provides covid-19 update

Regional REIT has reported a net asset value (NAV) fall of 2.5% in 2019 results and provided a covid-19 update, stating it had received 82% of rent due for the quarter. The group posted an EPRA NAV per share of 112.7p for the year to the end of December 2019, compared to 115.5p in 2018. Adjusted […]

31 Mar 2020 1 min read

Regional REIT to pay dividend

Regional REIT has confirmed that its dividend for Q4 2019 will be paid to shareholders. The group, which owns a portfolio of predominantly office properties in regional locations in the UK, will pay shareholders 2.55 pence per share on the 9 April 2020. In a trading update, the company said it had collected most of […]

20 Feb 2020 1 min read

Regional REIT proposes new fundraise

Regional REIT has announced it is considering an equity fundraise “to take advantage of its growing near term pipeline of accretive growth opportunities in the investment market”. The fundraise, the group said, would “further de-risk the portfolio by sector, region, and tenant type, whilst providing asset management potential”. Regional REIT’s portfolio has grown over the […]

29 Jan 2020 2 min read

Regional REIT beats benchmark index in 2019

Regional REIT beat its benchmark index in 2019 and increased property portfolio value by 9.7%. In a market update, the group said total shareholder return (with dividends reinvested) during the year was 32.5%, ahead of the FTSE EPRA NAREIT UK Index that was at 30.6%. The group paid dividends of 8.20p in the year, a […]

02 Jan 2020 1 min read

Regional REIT snaps up Edinburgh office for £10.3m

Regional REIT has acquired an office asset in one of Scotland’s premier business parks for £10.3m. The office asset comprises 43,676 sq ft over three floors, currently 100% let to John Menzies, an international aviation business and one of Scotland’s largest companies. The current contracted rent of £880,000 a year provides a net initial yield […]

30 Dec 2019 2 min read

Regional REIT secures series of lettings 3% ahead of ERV

Regional REIT has announced a series of lettings 3% ahead of the expected rental value (ERV). The six leasing deals, which are spread across the portfolio, amount to a total rental income of £589,856 a year and comprise: A 9,581 sq ft renewal at Star House in High Wycombe to Star Micronics for five years […]

25 Nov 2019 2 min read

QuotedData’s other news 25 November 2019

In QuotedData’s other news 25 November 2019 – Templeton Emerging Markets (TEM) reported half-year results to 30 September 2019 with NAV and the shares increasing by +6.3% +4.4% in total return terms, respectively. This compared with +2.2% from the MSCI Emerging Markets Index. Chairman, Paul Manduca, noted: “Given the current political background, equity markets are likely […]

14 Nov 2019 1 min read

Regional REIT adds £2.2m to rental income so far this year

Regional REIT announced it has grown its annual rental income by £2.2m so far this year through new leasing deals, during a third quarter trading update. The company, which is focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, exchanged on 50 leases to new […]

08 Nov 2019 1 min read

QuotedData’s other news 8 November

In QuotedData’s other news 8 November – Regional REIT (RGL) has announced a spate of lettings across its portfolio at an average of 19% ahead of expected rental value. The deals comprise: a 30,100 sq ft industrial unit letting at Juniper Park, Basildon, to DG International Group for a five-year period for a rent of […]

18 Oct 2019 1 min read

Regional REIT buys office portfolio

Regional REIT buys office portfolio – Regional REIT has exchanged contracts to acquire a portfolio of four office assets for a total consideration of GBP27.7million from a UK institutional vendor, with completion expected by the end of October. The portfolio comprises four multi-let offices located in Redhill, Harefield, Bristol and High Wycombe. The assets total circa […]

09 Oct 2019 1 min read

Regional REIT announces letting success

Regional REIT has announced a number of lettings across its portfolio, in aggregate 10.9% ahead of expected rental value (ERV). The deals comprise: Juniper Park, Basildon: lease renewal to Vanguard Logistics Services for five years with Vanguard having the option to extend beyond this. Headline rent of £370,000 a year, representing an uplift of 15.4% to […]

21 Aug 2019 1 min read

QuotedData’s other news 21 August 2019

In QuotedData’s other news 21 August 2019 Regional REIT has made a sizeable acquisition – six office assets for £25.9m, comprising offices located in Birmingham, Bristol, Cardiff, Chester, Glasgow and Manchester. The assets total circa 172,442sq. ft. and are expected to provide a net income of approximately £2.36m a year from 27 tenants; equating to a net […]

14 Aug 2019 2 min read

QuotedData’s other news 14 August 2019

It has been a busy morning of half-year results announcements. In QuotedData’s other news 14 August 2019: Apax Global Alpha (APAX) reported interim results to 30 June 2019; total NAV retur was +13.4% (+12.9% in constant currency terms). Last 12 months total NAV return was +14.4% (+12.2% constant currency) reflecting primarily strong performance of the private equity portfolio. Aberdeen Asian Income […]

2 min read

Regional REIT provides lettings update

Regional REIT provides lettings update – Regional REIT (RGL), the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, this morning announced successful lettings amounting to around £1.27m per annum; RGL notes that the lettings provide a major uplift […]

19 Jul 2019 1 min read

QuotedData’s other news 19 July 2019

In QuotedData’s other news 19 July 2019: Adamas Finance Asia has announced that it has rescheduled its AGM. This was previously to take place on 17 August 2019, but has been pushed back to 15 November 2019. No explanation has been offered. The rescheduled AGM will be held at 19/F CMA Building, 64 Connaught Road, […]

24 Jun 2019 2 min read

Regional REIT announces £50m capital raise

Further to Regional REIT’s (RGL’s) announcement on 17 May 2019 that it was considering an equity fundraise “to take advantage of its growing near-term pipeline of opportunities”, the company has announced proposals for a £50m fund raising. The proposed fundraise will comprise a Placing, Open Offer, Offer for Subscription and Intermediaries Offer. In summary, RGL […]

20 Jun 2019 1 min read

QuotedData’s other news 20 June 2019

In QuotedData’s other news 20 June 2019 Pershing Square has announced a $100m share buy-back programme – up to 6m shares will be repurchased and the transactions are expected to enhance NAV (in other words they’ll buy back the shares at a discount to NAV). The NAV at 18 June was $24.63 and the share price […]

19 Jun 2019 1 min read

QuotedData’s other news 19 June 2019

In QuotedData’s other news 19 June 2019 Summit Properties has sold an office building in Germany for €225m, 7.9% above its €208.6m valuation as at 31 December 2018. The property’s annual rental income as of 31 December 2018 totaled €4.62m, reflecting a rental yield of 2.1%. Regional REIT announced a number of new lettings, reporting 11.6% higher […]

07 Jun 2019 1 min read

QuotedData’s other news 7 June 2019

In QuotedData’s other news 7 June 2019: Impact Healthcare REIT (IHR) will join the FTSE EPRA/NAREIT global real estate index on Monday 24 June. Rupert Barclay, non-executive chairman of IHR, believes the inclusion will allow the company to increase its investor base and grow liquidity in the shares. The sub-investment grade focused debt investor, CVC Credit […]

1 min read

Regional REIT to sell Tokenspire park for £11.1m

Regional REIT to sell Tokenspire park for £11.1m – Regional REIT (RGL) has reached an agreement to sell Tokenspire Business Park in Beverley for £11.1m. The sale price is 30.6% higher than what RGL paid (£8.5m) and represents a net initial yield of 7%. Tokenspire covers more than 24 acres and consists of 322,211 sq. […]

06 Jun 2019 1 min read

QuotedData’s other news 6 June 2019

In QuotedData’s other news 6 June 2019: Regional REIT has announced the sale of an office building in Sheffield at a price 25% higher than when it was last valued. Bought in 2016 for £6.3m, Aspect Court, Pond Hill, Sheffield was sold to Sheffield Hallam University for £8.8 million, reflecting a net initial yield of 6.6%. […]

17 May 2019 1 min read

Regional REIT mulls fundraise

Regfional REIT mulls fundraise – In a very short announcement entitled “Growth Opportunities Under Consideration”, Regional REIT has said that it is “it is considering an equity fundraise to take advantage of its growing near-term pipeline of opportunities in the investment market. The funds would be deployed in line with its investment policy with a […]

15 May 2019 1 min read

QuotedData’s other news 15 May 2019

RDL Realisation announced that Deloitte LLP has confirmed that valuation work required to finalise the audit is substantively complete. RDL now expects to publish its annual accounts for the financial year ending on 31 December 2018 by 28 May 2019. The shares remain suspended. Regional REIT has announced a number of new lettings. TwentyFour Income Fund […]

28 Mar 2019 2 min read

Regional REIT posts strong 2018 results driven by offices portfolio

Regional REIT posts strong 2018 results driven by offices portfolio – Regional REIT (RGL) is benefitting from the relatively strong performance of the regional UK office market outside London. The company has announced results for the year to 31December 2018. Its EPRA NAV per share increased by 9% to 115.5p, while its total dividend was up […]

04 Feb 2019 1 min read

Regional REIT buys Norfolk House, Birmingham

Regional REIT buys Norfolk House, Birmingham – Regional REIT Limited has exchanged and completed on contracts to purchase Norfolk House, Smallbrook Queensway, Birmingham, for GBP20m, reflecting a current net initial yield of 7.92%. The deal was done off market. The 119,687 sq. ft. freehold property is in the centre of Birmingham; adjacent to Birmingham New Street […]

07 Dec 2018 1 min read

Regional REIT pays down debt

Regional REIT pays down debt- Regional REIT (RLG) has announced yesterday that they have a new 10 year facility for a total of £36 million with Scottish Widows Limited that was arranged by Bank of Scotland’s Real Estate and Housing Team. Regional will use the loan to pay back the remaining 5% (£13 million) of […]

10 Sep 2018 2 min read

Regional REIT reports on a disposal and on letting news

Regional REIT reports on a disposal and on letting news – Regional REIT (RGL) has completed a sale of Cheshunt office site for £17.25m and has agreed the first letting for Aztec West. Disposal of Cheshunt office site The company, which is a REIT that specialises in UK regional office and industrial property, has announces it has […]

17 Aug 2018 1 min read

Regional REIT adds eight offices to its portfolio

Regional REIT adds eight offices to its portfolio Regional REIT (RGL) has announced that it has exchanged and completed on contracts to purchase eight assets for £31.4 million. (Update 24/08/2018) the acquisition was completed on 23rd August 2018. Regional diversification The portfolio is spread out from the Stockton-on-Tees in the North to High Wycombe in the South. […]

14 Aug 2018 1 min read

Regional REIT completes sale of Wardpark, Cumbernauld

Regional REIT completes sale of Wardpark, Cumbernauld – Regional REIT (RGL) has announced that it has exchanged and completed the sale of multi-let industrial estate Wardpark, Cumbernauld. Uplift on disposal The sale price of £26.4m was 21.1% above the December 2017 year end valuation. Wardpark, Cumbernauld, which Regional REIT acquired in 2013, covers a total of 829,851 […]

07 Aug 2018 1 min read

Regional REIT successfully raises £50 million in bond issue

Regional REIT successfully raises £50 million in bond issue – In July, we reported Regional REIT (RGL)‘s plans to to issue bonds – click here to read that story The company has announced that it has successful raised £50 million and that the bonds have been admitted to trading on London Stock Exchange today (7th August 2018) The […]

19 Jul 2018 1 min read

Regional REIT plans bond issue

Regional REIT plans bond issue – Regional REIT has launched an offer of 4.5% sterling bonds due 6 August 2024. The Bonds will pay a fixed rate of interest of 4.5% per annum. Interest will be payable semi-annually in arrears in equal instalments. The Bonds have a minimum initial subscription amount of GBP2,000 and are available in […]

22 Mar 2018 2 min read

Regional REIT NAV falls on dilutive share issuance and debt refinancing costs

Regional REIT NAV falls on dilutive share issuance and debt refinancing costs – Regional REIT has published its results for the year ended 31 December 2017. Its EPRA NAV fell to 105.9 from 106.9p, predominately due to the issuance of two tranches of new equity and debt refinancing costs. EPRA EPS rose to 8.1p from 7.7p. They declared dividends […]

10 Nov 2017 1 min read

Regional REIT sells Leeds development site for £105m

Regional REIT has announced that its asset manager, London & Scottish Property, has exchanged contracts to sell a development site in Leeds for £10.5m, on a subject-to-planning basis, to Unite Students. The 21,000 square foot site, which was acquired by Regional REIT in March 2016 as part of the Wing Portfolio together with the adjacent […]

09 Nov 2017 1 min read

Regional REIT changes to manager line up

Regional REIT changes to manager line up – London & Scottish Investments has announced the appointment of Simon Marriott to the position of Investment Director. Simon will join the main LSI board and work closely with Chief Executive Stephen Inglis on Regional REIT. Simon joins LSI with over 30 years’ experience in the property industry, […]

23 Mar 2017 2 min read

Regional REIT NAV slips slightly in 2016

Regional REIT’s results for 2016 (its first full year as a REIT) are out. Its EPRA NAV slipped slightly to 106.9p from 107.8p. Fully diluted EPRA earnings per share were 7.7p (IFRS EPS 4.9p) derived from an operating profit before gains and losses of GBP29.9m and Profit Before Tax of GBP13.4m, with rental income of GBP43.0m and an […]

24 Feb 2017 2 min read

Regional REIT to acquire a £129m portfolio from Conygar

Regional REIT has announced that it has reached an agreement with The Conygar Investment Company PLC to acquire UK regional office, industrial and retail & retail distribution investment properties owned by Conygar (the Conygar Property Portfolio) which, in total, are valued at circa £129m. Regional REIT says that it will acquire the properties by way […]

15 Dec 2016 2 min read

Chelverton Small Companies Dividend Trust underperforms benchmark during first half

Chelverton Small Companies Dividend Trust has announced its interim results for the half year ended 31 October 2016. During the period, the trust’s NAV fell by 2.97%, which it says compares against a rise in its benchmark index, the MSCI UK Small Cap Index, of 6.13%. The trust paid a dividend of 3.7p per share […]

20 Sep 2016 1 min read

Regional REIT NAV edges up in H1

Regional REIT Limited has announced its results for the six months ended 30 June 2016. Financial Highlights for the half year to 30 June 2016: (unaudited) Gross value of property assets up 1.8% like-for-like, to GBP501.3m (31 Dec 2015: GBP403.7m). Acquisitions of GBP128.1m were successfully completed, including 2 major portfolios; Wing with a net initial […]

19 Aug 2016 1 min read

Property exposure through closed-ended funds

Advisers could consider using investment trusts for their clients’ property exposure. read more here

21 Jul 2016 3 min read

Small Companies Dividend Trust provides a year of strong outperformance

Small Companies Dividend Trust has announced its annual results for the year ended 30 April 2016. During the year, the Trust’s NAV per ordinary share increased by 8.44% whilst its ordinary share price increased by 17.41%. Total dividends for the year are 9.1p per ordinary share including a special dividend of 1.6p. During the same […]

08 Apr 2016 1 min read

Regional REIT sells Blythswood House in Glasgow

Regional REIT Limited has announced the sale of two assets. Blythswood House, 200 West Regent Street, Glasgow, has been sold to Standard Life Investments for GBP17.4m, reflecting a net initial yield of 5.0%. The property was acquired in 2014 and then the previous lease was surrendered with a back-to-back letting-on a 25-year lease to Glasgow School […]

16 Feb 2016 1 min read

Regional REIT to pay quarterly dividends

Regional REIT’s Board has announced that it intends to increase the frequency of dividend payments and move to the payment of quarterly dividends with effect from the financial year beginning 1 January 2016. Further details on the quarterly dividends are expected to be announced alongside the publication of the Company’s results ending 31 December 2015. […]

09 Feb 2016 1 min read

Regional REIT buys Rainbow portfolio

Regional REIT Limited has announced that it has exchanged contracts to buy the “Rainbow Portfolio” for £80m from Northwood Investors. The portfolio produces a net yield of 8.2% at a capital rate of only £70 per sq.ft., well below replacement cost. The portfolio comprises 12 assets, five offices and seven industrial sites totalling 1.15m sq.ft. and […]

Overview

Fundamentals

Price

Research History

QuotedData’s Real Estate Monthly Roundup – August 2024

QuotedData’s Real Estate Monthly Roundup – May 2024

QuotedData’s Real Estate Quarterly Review – First Quarter 2024

QuotedData’s Real Estate Monthly Roundup – March 2024

QuotedData’s Real Estate Monthly Roundup – February 2024

QuotedData’s Real Estate Annual Review – 2023

QuotedData’s Real Estate Monthly Roundup – January 2024

QuotedData’s Real Estate Quarterly Review – Third Quarter 2023

QuotedData’s Investment Companies Quarterly Review – Third Quarter 2023

QuotedData’s Investment Companies Roundup – October 2023

QuotedData’s Real Estate Monthly Roundup – October 2023

QuotedData’s Real Estate Monthly Roundup – August 2023

QuotedData’s Real Estate Quarterly Review – Second Quarter 2023

QuotedData’s Real Estate Monthly Roundup – July 2023

QuotedData’s Real Estate Monthly Roundup – May 2023

QuotedData’s Real Estate Quarterly Review – First Quarter 2023

Interview with Stephen Inglis from Regional REIT

QuotedData’s Real Estate Monthly Roundup – April 2023

QuotedData’s Real Estate Annual Review – 2022

QuotedData’s Real Estate Monthly Roundup – January 2023

QuotedData’s Real Estate Roundup – December 2022

QuotedData’s Real Estate Roundup – November 2022

QuotedData’s Real Estate Roundup – October 2022

QuotedData’s Real Estate Quarterly Review – Second Quarter 2022

QuotedData’s Real Estate Roundup – July 2022

QuotedData’s Real Estate Roundup – June 2022

QuotedData’s Real Estate Roundup – April 2022

QuotedData’s Real Estate Annual Review – 2021

QuotedData’s Real Estate Quarterly Review – Third Quarter 2021

QuotedData’s Real Estate Roundup – October 2021

QuotedData’s Real Estate Roundup – September 2021

QuotedData’s Real Estate Roundup – August 2021

Interview with Stephen Inglis of Regional REIT

QuotedData’s Real Estate Quarterly Review – first quarter 2021

QuotedData’s Real Estate Roundup – April 2021

QuotedData’s Real Estate Roundup – March 2021

QuotedData’s Real Estate Annual Review – 2020

QuotedData’s Real Estate Roundup – January 2021

QuotedData’s Real Estate Roundup – December 2020

QuotedData’s Real Estate Roundup – October 2020

QuotedData’s Investment Companies Roundup – October 2020

QuotedData’s Real Estate Roundup – September 2020

QuotedData’s Real Estate Monthly Roundup – August 2020

QuotedData’s Real Estate Roundup – July 2020

QuotedData’s Real Estate Quarterly Roundup – First Quarter 2020

QuotedData’s Real Estate Roundup – April 2020

QuotedData’s Real Estate Roundup – March 2020

QuotedData’s Real Estate Annual Review – 2019

QuotedData’s Real Estate Roundup – October 2019

QuotedData’s investment companies roundup – June 2019

QuotedData’s economic roundup – April 2019

Quarterly Investment Companies Roundup – Third Quarter 2018

QuotedData’s investment companies roundup – October 2018

QuotedData’s investment companies roundup – September 2018

QuotedData’s investment companies roundup – July 2018

QuotedData’s investment companies roundup – June 2018

QuotedData investment companies roundup – January 2018

QuotedData’s economic round up – October 2017

QuotedData’s round up of views on the global economy – April 2017

QuotedData investment companies roundup – April 2017

QuotedData investment companies roundup – March 2017

QuotedData’s round up of views on the global economy – October 2016

News

QuotedData’s morning briefing 15 May 2025 – LMS, MYI, BSIF, BGEU, NAS, CREI, RGL

Regional REIT getting on with turnaround plan

QuotedData’s morning briefing 20 February 2025 – JGC, DIVI, NESF, CRS, HEIT, RGL, SWEF

QuotedData’s analysts’ picks for 2025

QuotedData’s review of the year 2024

QuotedData’s morning briefing 18 December 2024 – TMI, RGL, SERE, CATCo

QuotedData’s morning briefing 12 December 2024, DGI9, BGFD, MTE, GSF, AIE, SMIF, NRR, RGL

Regional REIT to install solar panels on offices

QuotedData’s morning briefing 10 September 2024 – ESO, ATR, RGL, CAL, NRR

QuotedData’s morning briefing 8 August 2024 – AIE, FSFL, ATT, IHR, RGL, AIRE, CREI

QuotedData’s morning briefing 19 July 2024 – IPU, SGRO, RGL, NRR/CAL

Regional REIT in last chance saloon with proposed equity raise