The completion of Regional REIT’s (RGL’s) £110.5m equity raise has reduced gearing, including repayment of its retail bonds, and provides additional flexibility to its capex and disposal programmes. With funding uncertainty lifted, investor attention is likely to refocus on operational performance and the wider outlook for the regional office sector. Robust occupier demand for good quality assets continues to generate rental growth and the tone of the investment market has begun to improve.
06 Aug 2024
Regional REIT - Recapitalisation returns focus to operations
Sign up for free to access
Get access to the latest equity research in real-time from 12 commissioned providers.
Get access to the latest equity research in real-time from 12 commissioned providers.
Regional REIT - Recapitalisation returns focus to operations
Regional REIT Ltd. (RGL:LON) | 137 -0.8 (-0.4%) | Mkt Cap: 221.9m
- Published:
06 Aug 2024 -
Author:
Martyn King -
Pages:
8
The completion of Regional REIT’s (RGL’s) £110.5m equity raise has reduced gearing, including repayment of its retail bonds, and provides additional flexibility to its capex and disposal programmes. With funding uncertainty lifted, investor attention is likely to refocus on operational performance and the wider outlook for the regional office sector. Robust occupier demand for good quality assets continues to generate rental growth and the tone of the investment market has begun to improve.