Regional REIT (RGL) has confirmed a Q422 DPS of 1.65p, taking the total for the year to 6.6p. It expects this to be fully covered by EPRA earnings when results are published in March, supported by leasing progress and strong rent collection. Market-wide valuation yield widening reduced NAV and increased gearing, but RGL notes that it has ample headroom available across the debt facilities, which are fixed at a cost of 3.5%.
27 Feb 2023
Regional REIT - FY22 DPS covered and yields c 11% yield
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Regional REIT - FY22 DPS covered and yields c 11% yield
Regional REIT Ltd. (RGL:LON) | 120 2.2 1.5% | Mkt Cap: 194.0m
- Published:
27 Feb 2023 -
Author:
Martyn King -
Pages:
3
Regional REIT (RGL) has confirmed a Q422 DPS of 1.65p, taking the total for the year to 6.6p. It expects this to be fully covered by EPRA earnings when results are published in March, supported by leasing progress and strong rent collection. Market-wide valuation yield widening reduced NAV and increased gearing, but RGL notes that it has ample headroom available across the debt facilities, which are fixed at a cost of 3.5%.