Real Estate Investors (RLE)

Sector:

Real Estate

Index:

FTSE AIM All-Share

32.30p
   
  • Change Today:
    -0.45p
  • 52 Week High: 33.00
  • 52 Week Low: 27.50
  • Currency: UK Pounds
  • Shares Issued: 173.84m
  • Volume: 0
  • Market Cap: £56.15m
  • RiskGrade: 129

Real Estate Investors rental collections continue to improve

By Iain Gilbert

Date: Wednesday 04 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Investment trust Real Estate Investors said on Wednesday that rent collection for previous and current quarters had continued to improve.
RLE said rent collection for the September quarter was currently 89.92%, adjusted for monthly and deferred agreements, while March and June quarter collections grew to 93.44% to 90.7% and 90.23% from 86.9%, respectively.

The AIM-listed trust also said it continued to be "in supportive dialogue" with a number of tenants and anticipates that unpaid rents would be received from these tenants when normalised trading can resume.

However, RLE highlighted that certain tenants had continued to delay paying rent and were taking "full advantage" of government restrictions on landlords and claimed they had "ability to pay" but were "refusing to do so" while these remained in force.

RLE added that its current occupancy level across the portfolio was 93% and said it would now reflect on the strength of its full-year trading performance before making a final dividend payment.

Chief executive Paul Bassi said: "Management's experience and proactive approach to asset management and the ongoing strategy to operate a diversified portfolio has supported our robust levels of occupancy and rent collection.

"We also remain confident that occupier demand for our assets will continue and we are mindful that the current environment may create opportunistic sales and acquisitions for the group."

As of 1025 GMT, RLE shares were down 0.78% at 28.48p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RLE Market Data

Currency UK Pounds
Share Price 32.30p
Change Today -0.45p
% Change -1.37 %
52 Week High 33.00
52 Week Low 27.50
Volume 0
Shares Issued 173.84m
Market Cap £56.15m
RiskGrade 129

RLE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.82% above the market average95.82% above the market average95.82% above the market average95.82% above the market average95.82% above the market average
89.74% above the sector average89.74% above the sector average89.74% above the sector average89.74% above the sector average89.74% above the sector average
Price Trend
51.28% above the market average51.28% above the market average51.28% above the market average51.28% above the market average51.28% above the market average
40.91% above the sector average40.91% above the sector average40.91% above the sector average40.91% above the sector average40.91% above the sector average
Income
83.05% above the market average83.05% above the market average83.05% above the market average83.05% above the market average83.05% above the market average
80.65% above the sector average80.65% above the sector average80.65% above the sector average80.65% above the sector average80.65% above the sector average
Growth
96.15% below the market average96.15% below the market average96.15% below the market average96.15% below the market average96.15% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RLE Dividends

  Latest Previous
  Q3 Q2
Ex-Div 21-Dec-23 05-Oct-23
Paid 19-Jan-24 27-Oct-23
Amount 0.62p 0.62p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

RLE Key Personnel

CEO Paul Bassi
Finance Director Marcus Daly

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