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Regional REIT Reports Strong Lettings, Despite Portfolio Valuation Drop

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Regional REIT Reports Strong Lettings, Despite Portfolio Valuation Drop

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An update from Regional REIT ( (GB:RGL) ) is now available.

Regional REIT announced a decrease in portfolio valuation by 8.2% in 2024, despite robust trading and an improved rent roll 13.5% above the estimated rental value (ERV) from 2023. The company’s net loan-to-value ratio improved, and rent collection remained high at 98.1%. Notably, the company made significant progress in upgrading its Energy Performance Certificate (EPC) ratings, and despite holding some vacant properties longer to enhance future value, the company remains committed to maintaining high dividend payouts.

More about Regional REIT

Regional REIT Limited operates in the real estate investment trust (REIT) sector, focusing on regional office properties across the UK. The company primarily provides rental space for businesses and aims to maintain high dividend yields while pursuing capital value enhancements through strategic property improvements.

YTD Price Performance: 0.87%

Average Trading Volume: 258,895

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £188.3M

See more data about RGL stock on TipRanks’ Stock Analysis page.

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