Regional REIT (RGL) recently completed a £62.5m equity raise, the proceeds of which will be directed at a strong pipeline of investment opportunities. Once the proceeds are deployed RGL expects the acquired assets to be earnings accretive and provide further opportunities for active asset management and value creation. Increased scale and income diversity are also positive factors while trading liquidity may also benefit.
09 Aug 2019
Regional REIT - Capital raised for accretive acquisitions
Regional REIT - Capital raised for accretive acquisitions
Regional REIT Ltd. (RGL:LON) | 22.0 -0.2 (-3.3%) | Mkt Cap: 113.7m
- Published:
09 Aug 2019 -
Author:
Martyn King -
Pages:
7
Regional REIT (RGL) recently completed a £62.5m equity raise, the proceeds of which will be directed at a strong pipeline of investment opportunities. Once the proceeds are deployed RGL expects the acquired assets to be earnings accretive and provide further opportunities for active asset management and value creation. Increased scale and income diversity are also positive factors while trading liquidity may also benefit.