Regional REIT (GB:RGL) has released an update.
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Regional REIT Limited has successfully repaid its £50 million retail bond and, following a £110.5 million capital raise, plans to further reduce its debt, improving its loan-to-value (LTV) ratio to 41%. This strategic financial move enhances the company’s financial stability and supports its continued investment in property assets to spur rental income growth and lower vacancy rates.
For further insights into GB:RGL stock, check out TipRanks’ Stock Analysis page.