RLE’s FY19 trading update reiterates its ability to trade positively across the cycle. In a year defined as ‘relatively static’ and characterised by economic and political uncertainty, rentbased revenue was 3.85% up year on year and dividends grew for the seventh successive year. Management anticipates a more dynamic 2020, driven by vibrant core West Midlands markets, and pent up demand from tenants and investors.
09 Jan 2020
Resilient 2019, well set to prosper in 2020
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Resilient 2019, well set to prosper in 2020
Real Estate Investors plc (RLE:LON) | 33.5 0 0.0% | Mkt Cap: 58.2m
- Published:
09 Jan 2020 -
Author:
Roger LeBoff -
Pages:
2
RLE’s FY19 trading update reiterates its ability to trade positively across the cycle. In a year defined as ‘relatively static’ and characterised by economic and political uncertainty, rentbased revenue was 3.85% up year on year and dividends grew for the seventh successive year. Management anticipates a more dynamic 2020, driven by vibrant core West Midlands markets, and pent up demand from tenants and investors.