Real Estate Investors achieves over £11m in year-to-date sales
By Josh White
Date: Wednesday 13 Aug 2025
(Sharecast News) - Real Estate Investors said in an update on Wednesday that it has achieved £11.3m in sales so far this year, reduced debt to £34.9m, and has a further £68.4m of assets earmarked for disposal over the next 12 months as part of its three-year sales programme.
The AIM-traded, Midlands-focused commercial property real estate investment trust said it had completed or contracted 13 sales worth £7.7m, with an additional £3.6m in legal completion.
A further £14.4m of assets was currently being marketed to private investors, while £54m of larger properties were planned for sale in late 2025 and early 2026, subject to market conditions.
The company said it was prioritising debt repayment from disposal proceeds before considering capital returns to shareholders.
Occupancy improved to 85.85% from 82.04% at the end of 2024, with annual contracted rental income steady at £9m and rent collection in the first half at 99.75%.
The weighted average unexpired lease term stood at 5.54 years to break and 6.84 years to expiry.
New lettings totalling £0.4m per year were are in legal completion, of which £0.31m represented new income to the portfolio.
Chief executive Paul Bassi said the group had refrained from marketing larger assets in the first half due to subdued sentiment, but expected improved conditions following recent and anticipated interest rate cuts.
"We are halfway through our three-year orderly sales programme and remain focused on our strategic objective of repaying all our borrowing from targeted sales in order to commence our capital repayment programme to our shareholders," he said.
At 1232 BST, shares in Real Estate Investors were up 0.63 at 31.7p.
Reporting by Josh White for Sharecast.com.
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