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Real Estate Investors PLCOrd1P (RLE)

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15-Jun-2020 09:40 AM

Broker Forecast - Liberum Capital issues a broker note on Real Estate Investors PLC

Liberum Capital today reaffirms its buy investment rating on Real Estate Investors PLC (LON:RLE) and cut its price target to 50p (from 65p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
15-Jun-2020 07:14 AM

Real Estate Investors declares lower quarterly dividend, citing pandemic

Midlands-focused property investor Real Estate Investors declared a lower first-quarter dividend, citing uncertainty created by the Covid-19 crisis. The company said it would pay a dividend for the three months through march of 0.5p per share, with the e
08-Apr-2020 10:20 AM

Broker Forecast - Liberum Capital issues a broker note on Real Estate Investors PLC

Liberum Capital today reaffirms its buy investment rating on Real Estate Investors PLC (LON:RLE) and cut its price target to 65p (from 75p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
08-Jan-2020 07:50 AM

Real Estate Investors delivers positive trading update for 2019 against 'relatively static market'

Real Estate Investors (REI), a real estate investment trust, announced it has increased revenues and covered its dividend payments against a backdrop of economic and political uncertainty. In a trading update for 2019, the company reported its portfolio
16-Sep-2019 07:29 AM

Real Estate Investors underlying profit rises on higher rental income

Midlands commercial property investor Real Estate Investors booked a 68% fall in first-half profit, owing to non-cash items including property revaluations. Its underlying profit, however, rose on the back of higher rental income. Pre-tax profit for the
07-Jan-2019 07:08 AM

Real Estate Investors boosts rental income, occupancy levels

Midlands-focused property investor Real Estate Investors said it had boosted its annual rental income by 5% while occupancy rates improved. Contracted rental income for the year through December rose to £17.0m on-year, as occupancy levels rose to 9
17-Sep-2018 07:29 AM

Real Estate Investors profit falls on property acquisition costs

Real Estate Investors booked a 17% fall in first-half profit, owing to property acquisition costs. Pre-tax profit for the six months through June fell to £5.3m and included £385k of acquisition costs. Underlying pre-tax profit rose 9.7% to
22-Mar-2018 12:50 PM

Broker Forecast - Liberum Capital issues a broker note on Real Estate Investors PLC

Liberum Capital today reaffirms its buy investment rating on Real Estate Investors PLC (LON:RLE) and raised its price target to 75p (from 70p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
20-Mar-2018 08:22 AM

Real Estate Investors profit up 38% on higher rental income

Real Estate Investors posted a rise in annual profit as occupancy levels increased and it collected more rental income. Pre-tax profit increased by 38% to £11.3m, as revenue rose 10.4% to £14.9m. The company declared a total dividend for 201
08-Nov-2017 09:23 AM

Real Estate Investors rental income rises

Real Estate Investors said contracted rent from its holdings has risen to a record £16.5m per annum, up 10.6% since the end of 2016. Overall occupancy rates, meanwhile, have increased to 95.1%, from 92.6%. "Overall the company's portfoli
16-May-2017 03:01 PM

All resolutions passed at AGM of Real Estate Investors

Real Estate Investors has confirmed that, at its Annual General Meeting held earlier today, all resolutions were duly passed. At 3:01pm: (LON:RLE) Real Estate Investors PLC share price was +1p at 61.5p Story provided by StockMarketWire.com...
22-Mar-2017 10:40 AM

Broker Forecast - Liberum Capital issues a broker note on Real Estate Investors PLC

Liberum Capital today reaffirms its buy investment rating on Real Estate Investors PLC (LON:RLE) and raised its price target to 70p (from 67p). Story provided by StockMarketWire.com...
20-Mar-2017 09:54 AM

Real Estate Investors' FY pretax profit slips lower

Real Estate Investors' FY pretax profit has slipped to £8.2m, from a profit of £12.2m a year earlier. The comparative period's profit was swollen by a £8.6m gain in teh fair value of investment properties, versus £3.2m i
12-Dec-2016 07:38 AM

Real Estate Investors provides portfolio update

Real Estate Investors said it remains focused on its investment criteria, and with significant cash and bank facilities, remains well positioned to capitalise on any opportunities that may become available as Brexit discussions continue, whilst maintainin
19-Sep-2016 09:14 AM

Real Estate Investors swings to H1 pretax loss

Real Estate Investors has booked an H1 loss before tax of £560,000, from a year-earlier profit of £8.1m. EPRA net asset value per share was 63.1p, down 2.2% from 64.5p. CEO Paul Bassi commented: "Notably the market place has been domina
14-Mar-2016 07:35 AM

Real Estate Investors hikes FY pretax profit 104%

Real Estate Investors has hiked its FY pretax profit 104% to GBP12.2m, from GBP6m a year earlier. EPRA NAV per share was 64.5p, from 61.3p. Dividend was 2p a share, from 1.5p. CEO Paul Bassi said: "We have enjoyed progressively positive results ove
09-Mar-2016 03:22 PM

REI to acquire West Plaza

Real Estate Investors has exchanged contracts to acquire the freehold of West Plaza, 144 High Street, West Bromwich B70 6JJ from Bond Wolfe Estates Limited (BWE) for GBP8.0 million. The property has been valued by an independent professional valuer, GBR
09-Mar-2016 02:52 PM

REI acquires Birmingham office building

Real Estate Investors has confirmed the acquisition of an investment property in Wythall, Birmingham, for a consideration of GBP2.45 million in cash, producing total rental income of GBP243,547 p.a. at a net initial yield of 9.39%. The modern two store
12-Jun-2015 02:37 PM

REI wins Listed Business of the Year award

Real Estate Investors has been awarded the prestigious 'Listed Business of the Year' award at The West Midlands Business Masters Awards 2015. Chief executive Paul Bassi said: "REI Plc is pleased to be recognised by these awards that refl
16-Mar-2015 09:41 AM

Real Estate Investors improves FY pretax profit

Real Estate Investors has improved its FY pretax profit to £6.0m, from £4.9m. Revenue was £8.0m, from £6.7m. Its total dividend for the year was 1.5p, up 50% on the year. The Board has also declared its intention to pay dividends quarterly, in order
17-Feb-2015 02:46 PM

REI acquires prime building in Birmingham

Real Estate Investors, the Birmingham-based property group has unconditionally exchanged contracts to acquire 35-37 Great Charles Street, Birmingham, for a price of £1.85m. The property is a 24,500 sq ft prime city centre office building near to the new
01-Dec-2014 07:47 AM

Real Estate Investors issues upbeat trading update

Real Estate Investors confirms it has seen a significant improvement in occupier enquiries and lease completions during the second half of the year, and anticipates record contractual rental income at the year end as a result of the enlarged portfolio now
28-Jul-2014 07:59 AM

Real Estate Investors acquires Westgate House for £7.25m

Real Estate Investors, the West Midlands based property group, has unconditionally exchanged contracts to acquire Westgate House, located on Market Street in Warwick town centre, for the sum of £7.25m cash. The property produces a rent of £631,325 per
04-Jul-2014 07:20 AM

RLE makes excellent H1 progress

Real Estate Investors said during the H1 2014 it has made excellent progress on lettings, acquisitions and sales. "I anticipate continued further activity during the second half in a significantly improved regional economy and property market. The
17-Mar-2014 07:53 AM

Real Estate Investors FY pretax profit rises to £5m

Real Estate Investors' FY pretax profit rose to £5m, from £1m. Revnue was £6.6m, from £6.1m. It paid a 1p dividend in October. EPRA NAV was up 5.3% to 59.1p, from 56.1p. Net loan to value was 47.3%, from 49%. Gross property assets totalled £75.
 
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