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EDISON INVESTMENT RESEARCH LIMITED Edison Investment Research Limited: Edison issues outlook on Regional REIT (RGL)

Directive transparence : information réglementée

04/11/2019 12:41

Edison Investment Research Limited
Edison Investment Research Limited: Edison issues outlook on Regional REIT (RGL)

04-Nov-2019 / 11:41 GMT/BST


 

London, UK, 4 November 2019

Edison issues outlook on Regional REIT (RGL)

Regional REIT (RGL) has exchanged contracts for the £27.7m acquisition of a regional office portfolio, its second significant transaction since H119 and marking progress with deployment of £62.5m (gross) proceeds of the July capital raise. With a strong pipeline of investment opportunities, we expect full deployment by early 2020, which will enhance earnings and provide further opportunities for active asset management and value creation.

 

The annualised accounting total return since IPO in November 2015 is 10%, two-thirds of which has been paid as income. RGL's prospective yield, approaching 8%, remains among the highest in the sector. We forecast further DPS growth in FY20 and full cover by adjusted earnings as new equity is deployed. 


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About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Martyn King, +44(0) 20 3077 5745

financials@edisongroup.com

 

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903577  04-Nov-2019 

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