This update reviews a solid FY19 i.e. results in line with forecasts and growth in line with the core strategy. That now looks historic, since the COVID-19 virus and government response have added huge unknowns to the outlook, but we review the underlying resilience of RLE business model. Despite so many variables outside of the group’s control, broad tenant and sector diversification and focus on strong covenants, underpinned by government measures to support UK business, should help d
25 Mar 2020
Defensively positioned commercial REIT
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Defensively positioned commercial REIT
Real Estate Investors plc (RLE:LON) | 33.5 0 0.0% | Mkt Cap: 58.2m
- Published:
25 Mar 2020 -
Author:
Allenby Capital Research -
Pages:
12
This update reviews a solid FY19 i.e. results in line with forecasts and growth in line with the core strategy. That now looks historic, since the COVID-19 virus and government response have added huge unknowns to the outlook, but we review the underlying resilience of RLE business model. Despite so many variables outside of the group’s control, broad tenant and sector diversification and focus on strong covenants, underpinned by government measures to support UK business, should help d