RNS Number : 9795W
Regional REIT Limited
24 August 2022
 

24 August 2022

REGIONAL REIT Limited

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

Q2 2022 Dividend Declaration

 

Regional REIT Limited (LSE: RGL), the regional office specialist today declares its Q2 2022 dividend.

 

The Company will pay a dividend of 1.65 pence per share ("pps") for the period 1 March 2022 to 30 June 2022, an increase of c.3% from 1 March 2021 to 30 June 2021 dividend of 1.60pps. The entire dividend will be paid as a REIT property income distribution ("PID").

 

The Company has introduced the option for shareholders to invest their dividend in a Dividend Reinvestment Plan ("DRIP"). More details can be found on the Company's website https://www.regionalreit.com/investors/investors-dividend/dividend-reinvestment-plan.

 

The key dates relating to this dividend are given below:

 

Ex-dividend date

1 September 2022

Record date

2 September 2022

Last day for DRIP election

23 September 2022

Payment date

14 October 2022

 

The level of future payments of dividends will be determined by the Board having regard to, among other factors, the financial position and performance of the Group at the relevant time, UK REIT requirements and the interest of shareholders.

 

Forthcoming Events

 

15 September 2022

2022 Interim Results Announcements

10 November 2022

Q3 2022 Trading Update

 

Note: All dates are provisional and subject to change

 

- ENDS -

Enquiries:

 

Regional REIT Limited

 




Toscafund Asset Management

Tel: +44 (0) 20 7845 6100

Investment Manager to the Group


Adam Dickinson, Investor Relations, Regional REIT Limited




London & Scottish Property Investment Management 

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, Henry Wilson, George Beale


 

About Regional REIT

Regional REIT Limited ("Regional REIT" or the "Company") and its subsidiaries (the "Group") is a United Kingdom ("UK") based real estate investment trust that launched in November 2015. It is managed by London & Scottish Property Investment Management Limited, the Asset Manager, and Toscafund Asset Management LLP, the Investment Manager.

Regional REIT's commercial property portfolio is comprised wholly of income producing UK assets and comprises, predominantly of offices located in the regional centres outside of the M25 motorway. The portfolio is geographically diversified, with 160 properties, 1,035 occupiers as at 31 March 2022, with a valuation of c.£874.0m.

Regional REIT pursues its investment objective by investing in, actively managing and disposing of regional core and core plus property assets. It aims to deliver an attractive total return to its Shareholders, targeting greater than 10% per annum, with a strong focus on income supported by additional capital growth prospects.

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.

ESMA Legal Entity Identifier ("LEI"): 549300D8G4NKLRIKBX73

 

 

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