Regional REIT Limited Dividend Declaration (6661Q)
February 21 2019 - 2:02AM
UK Regulatory
TIDMRGL
RNS Number : 6661Q
Regional REIT Limited
21 February 2019
21 February 2019
REGIONAL REIT Limited
("Regional REIT", "the Group" or "the Company")
Q4 2018 Dividend Declaration
Regional REIT Limited (LSE: RGL), the regional real estate
investment specialist focused on building a diverse portfolio of
income producing core and core plus assets, today announces its Q4
2018 dividend.
The Company will pay a dividend of 2.50 pence per share ("pps")
for the period 1 October 2018 to 31 December 2018. The dividend
payment will be made on 11 April 2019 to shareholders on the
register as at 1 March 2019. The ex-dividend date will be 28
February 2019. The entire dividend will be paid as a REIT property
income distribution ("PID").
This fourth quarter dividend marks the Company's successful
achievement of its annual distribution target, having paid a
dividend of 1.85pps for each of the first three quarters of
2018.
In respect of the financial year 2018 Regional REIT has declared
dividends amounting to 8.05pps. This increase of 2.5% from the 2017
full year dividend of 7.85pps has been made in accordance with the
Company's intention to pursue a progressive dividend policy.
The level of future payment of dividends will be determined by
the Board having regard to, among other things, the financial
position and performance of the Group at the relevant time, UK REIT
requirements and the interests of Shareholders.
- ENDS -
Enquiries:
Regional REIT Limited
Press enquiries through Buchanan
Toscafund Asset Management Tel: +44 (0) 20 7845
6100
Investment Manager to the Group
Adam Dickinson, Investor Relations, Regional
REIT Limited
London & Scottish Investments Tel: +44 (0) 141
248 4155
Asset Manager to the Group
Stephen Inglis
Buchanan Communications Tel: +44 (0) 20 7466
5000
Financial PR regional@buchanan.uk.com
Charles Ryland / Victoria Hayns / Henry
Wilson
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 30 June 2018, was spread
across 151 regional properties, 1,294 units and 950 tenants. As at
30 June 2018, the investment portfolio had a value of GBP758.7m and
a net initial yield of 6.4%. The weighted average unexpired lease
term to first break was 3.5 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.
ESMA Legal Entity Identifier ("LEI"): (549300D8G4NKLRIKBX73)
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contact rns@lseg.com or visit www.rns.com.
END
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