Regional REIT (RGL) has published an encouraging trading update and, with continuing strong rent collection, has confirmed a Q320 DPS of 1.5p, in line with target. RGL remains very positive about prospects for the regional office markets beyond the current period of uncertainty and future investment will focus solely on this sector. The remaining industrial and other assets will be sold and in addition to reinvestment of the proceeds RGL will consider a share buy-back where this is accretive.
17 Nov 2020
Regional REIT - Focusing strategy and potential buy-back
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Regional REIT - Focusing strategy and potential buy-back
Regional REIT Ltd. (RGL:LON) | 21.8 -0.1 (-1.1%) | Mkt Cap: 112.6m
- Published:
17 Nov 2020 -
Author:
Martyn King -
Pages:
6
Regional REIT (RGL) has published an encouraging trading update and, with continuing strong rent collection, has confirmed a Q320 DPS of 1.5p, in line with target. RGL remains very positive about prospects for the regional office markets beyond the current period of uncertainty and future investment will focus solely on this sector. The remaining industrial and other assets will be sold and in addition to reinvestment of the proceeds RGL will consider a share buy-back where this is accretive.