Regional REIT (GB:RGL) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.