Real Estate Investors (RLE)

Sector:

Real Estate

Index:

FTSE AIM All-Share

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 54.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 63.00
  • 52 Week Low: 52.00
  • Currency: UK Pounds
  • Shares Issued: 186.42m
  • Volume: 25,527
  • Market Cap: £100.67m
  • RiskGrade: 85

Real Estate Investors sells Birmingham property, announces Leicester letting

By Michele Maatouk

Date: Monday 11 Dec 2017

LONDON (ShareCast) - (ShareCast News) - Midlands focused property group Real Estate Investors has sold 24 Bennetts Hill, Birmingham, for a cash consideration of £4m and completed a major letting in Leicester.
The company said the Bennetts Hill sale represents a premium to book valuation and a 5.90% net initial yield. The investment property was acquired by the group in December 2014 for £2.06m.

REI has also completed a letting of 14,291 square feet in Peat House, Leicester, which is a prime city centre office building. It is now fully occupied and producing a total rental income of £573,466 a year, with occupiers including everythingbranded.co.uk, Bellrock FM, Innes England and KPMG.

Chief executive officer Paul Bassi said: "We are delighted to complete this sale having added significant value through asset management, and our Peat House asset is now fully let which completes an excellent year of activity where we have been active as a buyer, seller and transacted significant lettings. We have achieved a record occupancy throughout the portfolio of 95%, which will provide the foundation for further dividend growth in line with the Company's stated progressive dividend policy.

"Our market reputation, available capital and banking facilities, will allow the company to capitalise on market opportunities in 2018 and continue to grow our property portfolio."

At 1040 GMT, the shares were up 1.3% to 59.25p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RLE Market Data

Currency UK Pounds
Share Price 54.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 63.00
52 Week Low 52.00
Volume 25,527
Shares Issued 186.42m
Market Cap £100.67m
RiskGrade 85

RLE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
26.50% above the market average26.50% above the market average26.50% above the market average26.50% above the market average26.50% above the market average
48.48% below the sector average48.48% below the sector average48.48% below the sector average48.48% below the sector average48.48% below the sector average
Price Trend
57.59% below the market average57.59% below the market average57.59% below the market average57.59% below the market average57.59% below the market average
59.42% below the sector average59.42% below the sector average59.42% below the sector average59.42% below the sector average59.42% below the sector average
Income
70.22% above the market average70.22% above the market average70.22% above the market average70.22% above the market average70.22% above the market average
58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average
Growth
89.21% above the market average89.21% above the market average89.21% above the market average89.21% above the market average89.21% above the market average
91.04% above the sector average91.04% above the sector average91.04% above the sector average91.04% above the sector average91.04% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RLE Dividends

  Latest Previous
  Q3 Q2
Ex-Div 28-Dec-17 28-Sep-17
Paid 26-Jan-18 31-Oct-17
Amount 0.75p 0.75p

Trades for 21-Feb-2018

Time Volume / Share Price
16:28 20,000 @ 52.00p
12:42 5,527 @ 53.00p

RLE Key Personnel

CEO Paul Bassi
Finance Director Marcus Daly

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