Regional REIT Limited Q1 2017 Dividend Declaration (1616G)
25 May 2017 - 4:02PM
UK Regulatory
TIDMRGL
RNS Number : 1616G
Regional REIT Limited
25 May 2017
25 May 2017
Regional REIT Limited
Q1 2017 Dividend Declaration: dividend increased to 1.80 pence
per share
Regional REIT Limited (LSE: RGL) ("Regional REIT", "the Group"
or "the Company"), the UK regional office and industrial property
focused REIT, today announces its dividend for the first quarter of
the year, to 31 March 2017.
The Company will pay a dividend of 1.80 pence per share ("pps")
for the period 1 January 2017 to 31 March 2017 (1 January 2016 to
31 March 2016: 1.75pps).
The dividend payment will be made on 14 July 2017 to
shareholders on the register as at 9 June 2017. The ex-dividend
date will be 8 June 2017.
It is the Company's current intention to pay three quarterly
dividends at approximately this level in relation to the financial
year 2017 and then a fourth quarter dividend (to be declared in
early 2018) to at least manage compliance with the 90% minimum REIT
distribution requirement.
The payment of dividends will remain subject to market
conditions, the Company's performance, its financial position and
the business outlook.
- ENDS -
Enquiries:
Regional REIT Limited
Press enquiries through Headland PR
Toscafund Asset Management LLP Tel: +44 (0) 20 7845 6100
Investment Manager to the Group
James S Johnson, Investor Relations, Regional REIT Limited
London & Scottish Investments Limited Tel: +44 (0) 141 248 4155
Asset Manager to the Group
Stephen Inglis
Headland PR Consultancy LLP Tel: +44 (0) 20 7367 5222
Financial PR
Francesca Tuckett
About Regional REIT
Regional REIT Limited (LSE: RGL) is a London Stock Exchange Main
Market traded specialist real estate investment trust focused on
office and industrial property interests in the principal regional
locations of the United Kingdom outside of the M25 motorway.
Regional REIT is managed by London & Scottish Investments,
the Asset Manager, and Toscafund Asset Management, the Investment
Manager, and was formed by the combination of two existing funds
previously created by the Managers as a differentiated play on the
expected recovery in UK regional property, to deliver an attractive
total return to Shareholders and with a strong focus on income.
The Group's investment portfolio, as at 31 December 2016, was
spread across 123 regional properties, 941 units and 717 tenants.
As at 31 December 2016, the investment portfolio had a value of
GBP502.4m and a net initial yield of 6.7%. The weighted average
unexpired lease term to first break was 3.6 years.
The Company's shares were admitted to the Official List of the
UK's Financial Conduct Authority and to trading on the London Stock
Exchange on 6 November 2015. For more information, please visit the
Group's website at www.regionalreit.com.
Cautionary Statement
This document has been prepared solely to provide additional
information to Shareholders to assess the Group's performance in
relation to its operations and growth potential. The document
should not be relied upon by any other party or for any other
reason. Any forward looking statements made in this document are
done so by the Directors in good faith based on the information
available to them up to the time of their approval of this
document. However, such statements should be treated with caution
due to the inherent uncertainties, including both economic and
business risk factors, underlying any such forward-looking
information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DIVQZLFLDEFLBBE
(END) Dow Jones Newswires
May 25, 2017 02:02 ET (06:02 GMT)
Regional Reit (LSE:RGL)
Historical Stock Chart
From Apr 2024 to May 2024
Regional Reit (LSE:RGL)
Historical Stock Chart
From May 2023 to May 2024