Real Estate Investors (RLE)

Sector:

Real Estate

Index:

FTSE AIM All-Share

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 54.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 60.50
  • 52 Week Low: 52.00
  • Currency: UK Pounds
  • Shares Issued: 186.42m
  • Volume: 42,000
  • Market Cap: £101.60m
  • RiskGrade: 80
  • Beta: 0.09

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 54.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 60.50
52 Week Low 52.00
Volume 42,000
Shares Issued 186.42m
Market Cap £101.60m
Beta 0.09
RiskGrade 80

RLE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
19.69% above the market average19.69% above the market average19.69% above the market average19.69% above the market average19.69% above the market average
6.45% above the sector average6.45% above the sector average6.45% above the sector average6.45% above the sector average6.45% above the sector average
Price Trend
10.85% below the market average10.85% below the market average10.85% below the market average10.85% below the market average10.85% below the market average
20.63% below the sector average20.63% below the sector average20.63% below the sector average20.63% below the sector average20.63% below the sector average
Income
77.93% above the market average77.93% above the market average77.93% above the market average77.93% above the market average77.93% above the market average
72.09% above the sector average72.09% above the sector average72.09% above the sector average72.09% above the sector average72.09% above the sector average
Growth
79.80% above the market average79.80% above the market average79.80% above the market average79.80% above the market average79.80% above the market average
80.65% above the sector average80.65% above the sector average80.65% above the sector average80.65% above the sector average80.65% 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
  Q2 Q1
Ex-Div 27-Sep-18 28-Jun-18
Paid 26-Oct-18 27-Jul-18
Amount 0.88p 0.88p

Trades for 23-Oct-2018

Time Volume / Share Price
16:18 5,000 @ 53.25p
12:55 20,000 @ 52.00p
10:11 17,000 @ 53.35p

RLE Key Personnel

CEO Paul Bassi
Finance Director Marcus Daly

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