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Regional REIT Limited   -  RGL   

Dividend Declaration

Released 07:00 31-Aug-2018

RNS Number : 3288Z
Regional REIT Limited
31 August 2018

            REGIONAL REIT Limited

("Regional REIT", "the Group" or "the Company")


 31 August 2018


Regional REIT, the UK regional office and industrial property focused REIT, today announces its dividend for the second quarter of the year, to 30 June 2018.


The Company will pay a dividend of 1.85 pence per share ("pps") for the period 1 April 2018 to  30 June 2018 

(1 April 2017 to 30 June 2017: 1.80pps).


The dividend payment will be made on 15 October 2018 to shareholders on the register as at 14 September 2018. The ex-dividend date will be 13 September 2018.


It is currently the Company's intention to pay three quarterly dividends at approximately this level in relation to the financial year 2018, of which this is the second, and then a fourth quarter dividend (to be declared in early 2019) 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.


The Company confirms that its 2018 Interim Results Announcement will be made on Tuesday, 11 September 2018, as previously announced.



This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation that came into effect on 3 July 2016


For further information, please contact:



Regional REIT Limited


Press enquiries through Headland



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





Tel: +44 (0) 20 3805 4822

Financial PR


Francesca Tuckett / Bryony Sym / Jack Gault






Notes to Editors

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.

As at 31 December 2017, Regional REIT's investment portfolio, was spread across 164 regional properties, 1,368 units and 1,026 tenants. As at 31 December 2017, the investment portfolio had a value of £737.3m, with a combined contracted rent roll of £61.9 million per annum reflecting a net initial yield of 6.5% on a weighted average unexpired lease term of around five years.

Regional REIT's investment objective is to deliver an attractive total return to its shareholders, with a strong focus on income. It pursues this investment objective by following an investment strategy involving active property management and prudent use of debt finance.


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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Dividend Declaration - RNS