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Regional REIT.

richfool
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Re: Regional REIT.

#162523

Postby richfool » August 28th, 2018, 9:06 am

We need some good news about RGL to offset its weak SP:

Property investor Regional Real Estate Investment Trust exchanged contracts on a portfolio of new assets on Friday.

Regional spent a total of £31.4m to acquire the 275,000 square foot of office space in Hull, High Wycombe, Stockton-on-Tees, Ipswich, Clevedon, Wakefield, Deeside and Lincoln.

The London-listed investment trust told shareholders the assets would provide a net income of approximately £2.81m per year, which equates to a net initial yield of 8.66%.


https://uk.webfg.com/news/small-caps-ne ... 46138.html

and same topic:
http://europe-re.com/regional-reit-acqu ... -12m/65544

and an older purchase (April this year):

Regional REIT completes £4.9m Portsmouth buy

By James Wallace - Tuesday, April 10, 2018 14:26
Regional REIT has acquired an office building at Port Solent, Portsmouth from Northwood Investors in a £4.9m deal.

http://www.costar.co.uk/en/assets/news/ ... mouth-buy/

BrummieDave
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Re: Regional REIT.

#165672

Postby BrummieDave » September 11th, 2018, 2:29 pm

It goes ex-Div on Thursday, so I suspect that's partly the reason for the jump today. Let's see the share price later in the week Fred.

I hold it too.

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Re: Regional REIT.

#165689

Postby SKYSHIP » September 11th, 2018, 4:01 pm

Today's overdue rise wholly due to the great Interim statement:

# 39% increase in net rental income
# 7.3% increase in NAV - well ahead of all expectations - see ADVFN B/b thread
# £60m disposals on 4.9% yld
# £40m acquisitions on 8.4% yld
# Scottish exposure considerably reduced
# LTV down from 45% to 41.2%
etcetcetc

Sp has been held down due to the CIC overhang; so had become anomalously good value.

Still remarkably cheap @ 98.5p on an 8.2% yield and historic 13.3% discount

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Re: Regional REIT.

#165746

Postby spiderbill » September 11th, 2018, 8:05 pm

Happily I bought some more last month.
Less happily I also bought more RDSB (down £1) and more Rio Tinto (down £2).
Wishing I'd put it all on RGL now but couldn't quite understand what was depressing the sp.
On those figures I may well still buy some more.
The other two should come back if Trump ever stops tweeting or gets impeached...

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Re: Regional REIT.

#165749

Postby SKYSHIP » September 11th, 2018, 9:17 pm

"...but couldn't quite understand what was depressing the sp."

In future you must follow the RGL thread on ADVFN:

https://uk.advfn.com/cmn/fbb/thread.php3?id=34755838

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Re: Regional REIT.

#165819

Postby spiderbill » September 12th, 2018, 10:15 am

SKYSHIP wrote:"...but couldn't quite understand what was depressing the sp."

In future you must follow the RGL thread on ADVFN:

https://uk.advfn.com/cmn/fbb/thread.php3?id=34755838


I will indeed, hadn't seen that one. Thanks

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Re: Regional REIT.

#167198

Postby tramrider » September 18th, 2018, 1:27 pm

There is some information on the dividends for the rest of the year:
The dividend is a major component of the total return. The Company declared total dividends of 3.70pps for the period to 30 June 2018, comprising of two quarterly dividends of 1.85pps each, up 2.8% on the previous year.

The Board is committed to paying a dividend of 8.05pps for the full year 2018.

https://uk.webfg.com/equity/Regional_REIT_Limited

So after the 3 at 1.85p, the final should be 2.50p.

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Re: Regional REIT.

#167622

Postby SKYSHIP » September 20th, 2018, 9:00 am

Thnx to CWA1 on the ADVFB B/b for posting this:

Edison TV Interview:-

https://www.edisoninvestmentresearch.co ... onal-reit2

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Re: Regional REIT.

#168404

Postby SKYSHIP » September 23rd, 2018, 5:16 pm

Forgot to post the excellent Presentation of the excellent Interims:

Interims Presentation:-

http://www.regionalreit.com/~/media/Fil ... n-2018.pdf

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Re: Regional REIT.

#171176

Postby SKYSHIP » October 3rd, 2018, 6:13 pm

Pleased to see that RGL continues to base build and move higher in increasing volume – always a good sign. Does look as though the 100p, then 105p, targets are there to be met…and we all enjoy the 8% yield as it does so.

I expect a post-Interims EDISON Update any day now:

Chart can be seen on ADVFN's RGL thread:

https://uk.advfn.com/cmn/fbb/thread.php3?id=34755838
Last edited by SKYSHIP on October 3rd, 2018, 6:17 pm, edited 1 time in total.

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Re: Regional REIT.

#171178

Postby SKYSHIP » October 3rd, 2018, 6:16 pm

sorry - double post!

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Re: Regional REIT.

#173621

Postby SKYSHIP » October 14th, 2018, 8:59 am

I was replaying that Edison TV interview a few days ago (see link in 20th Sept post above) so as to write down the best stat not usually covered; and I believe not mentioned before on this thread:

# RGL's office valuations are based upon £130/sq.ft VERSUS a replacement cost averaging £200/sq.ft

# RGL's industrial valuations are based upon £42.75/sq.ft VERSUS a replacement cost averaging £85/sq.ft

This explains the lack of development in these sectors in the regions. The existing properties are too lowly valued by the open market. So with very little new stock being built, rents for existing properties might be expected to remain keen; and therefore valuations continue to rise.

The stats are pretty incontrovertible, but it is the degree of the difference which certainly surprises me!

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Re: Regional REIT.

#173656

Postby flyer61 » October 14th, 2018, 11:37 am

Thanked!

Those figures for replacement cost seem not unreasonable. Your comment about the lowly market value being applied in my eyes only applies to the listed world. If you go to the Allsop or Acuitus commercial auction this week the prices made will confirm how cheap RGL is. Maybe liquidating the portfolio and handing back the uplift is where they should be headed. There again where else can you get an 8% income return with some certainty about the payment.

Have you looked at RDI?

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Re: Regional REIT.

#173712

Postby SKYSHIP » October 14th, 2018, 5:29 pm

flyer - RDI - yes, but personally not enamoured by that chunky £162m London serviced offices acquisition back in January.

Still, they had a very nice Spring bounce from 32p to 38p and I missed that one - so who knows 32p may provide support again...

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Re: Regional REIT.

#173717

Postby flyer61 » October 14th, 2018, 5:52 pm

If there is a Brexit deal then a material bounce for the REIT sector is probably on the cards. I don't see to much downside from here....he says in hope!

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Re: Regional REIT.

#174042

Postby SKYSHIP » October 16th, 2018, 8:37 am

Flyer - Incidentally, you mentioned the auction market. Were you referring to, for instance, Allsop's auction today?

Those auction sales tend to be for the tertiary market rather than the secondary institutional market.

Or were there other larger commercial sales elsewhere?

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Re: Regional REIT.

#174842

Postby flyer61 » October 19th, 2018, 7:27 am

Agreed it is Tertiary. Lot size can run to the mid single digits millons nowadays.

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Re: Regional REIT.

#179365

Postby SKYSHIP » November 10th, 2018, 2:07 pm

Trading Update & Divi announcement coming soon - Friday 16th Nov.

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Re: Regional REIT.

#182249

Postby SKYSHIP » November 22nd, 2018, 10:51 am

XD the 1.85p divi today. Sp holding up well at 99p.

Cenkos report apparently out last Friday. Predicting a 2019 NAV of 124p & an 8.25p divi.

Damned MiFiD2 regs prevent me from receiving a copy....why that should improve transparency is beyond everyone -
typical EU babble which produces unwarranted outcomes.

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Re: Regional REIT.

#182327

Postby spiderbill » November 22nd, 2018, 2:22 pm

One of the few shares of mine that aren't dropping like a stone. Might add more if I can spare the cash.


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