Real Estate Investors Plc (RLE.L)
LSE · GBp · Real Estate · REIT - Diversified
£31.00 (+0.00%) as of
Key statistics
- Market cap
- 54.20M
- Forward P/E
- 18.08
- EPS (TTM)
- -0.01
- Dividend yield
- 4.84%
- 52-week range
- 28.00 – 33.40
- Beta
- 0.36
- Revenue (TTM)
- 9.12M
- Profit margin
- -27.15%
- Analyst target
- £48.00
- Volume
- 25.00k
About Real Estate Investors Plc
Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of mixed-use commercial property. It is managed by a highly experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors. The portfolio has no material reliance on a single asset or occupier. On 1st January 2015, the Company converted to a REIT. Real Estate Investment Trusts are listed property investment companies or groups not liable to corporation tax on their rental income or capital gains from their qualifying activities. The Company announced in January 2024 that it would be undertaking an orderly strategic sale of the Company's portfolio over three years, disposing of assets individually or collectively, at or above book value, to optimise returns to shareholders. The pace of the disposal program will be dictated by market conditions, with an initial focus on repaying the Company's debt. In the meantime, it is the Board's intention to continue paying a fully covered quarterly dividend. Real Estate Investors Plc was incorporated in 2004 in United Kingdom.
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Headquarters
- Birmingham, United Kingdom
- Employees
- 7
Financial statements (income statement, balance sheet, cash flow) and an interactive price chart are available on this page with JavaScript enabled.