Regional REIT Limited
RGGLF
Other OTC1.30
USD
+1.04
- -
ISIN
GG00BSY2LD72
Return %
Stock
S&P500
1Y
- -
17.85
3Y
121.47
64.56
5Y
94.03
69.89
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Stephen John Inglis
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Address
- Mont Crevelt House Saint Sampson Guernsey GY2 4LH
- IPO Date
- Jun 1, 2018
- Website
- regionalreit.com
- Similar Companies
- Business
- Regional REIT Limited (LSE: RGL; OTC: RGGLF) is a Guernsey-domiciled real estate investment trust (REIT) that invests in, actively manages, and selectively disposes of a diversified portfolio of income-producing commercial properties in the United Kingdom, with a primary focus on regional office assets located outside the M25 motorway; the portfolio also includes light industrial and alternative sector properties such as Capitol Park in Leeds, Orbis 1, 2 & 3 in Derby, Eagle Court in Birmingham, Hampshire Corporate Park in Chandler's Ford, Manchester Green in Manchester, Beeston Business Park in Nottingham, and others. As of 31 December 2024, the portfolio comprised 126 properties with 1,271 units across approximately 780 tenants, valued at around £622.5 million, delivering rental income from core and core-plus assets targeting total shareholder returns exceeding 10% per annum through income and capital growth. The company serves a broad tenant base including corporate occupiers in professional services, technology, public sector, and industrial sectors, with geographic operations spanning key UK regional centers outside London for enhanced yield potential. Founded on 22 June 2015 and headquartered at Mont Crevelt House, Bulwer Avenue, St Sampson, Guernsey, Regional REIT is externally managed by ESR Europe LSPIM Limited as asset manager and ESR Europe Private Markets Limited as investment adviser; subsidiaries include Beaufort Office Park Management Company Limited and Regional Commercial MIDCO Ltd. In June 2024, the company completed a fully underwritten £110.5 million equity capital raise, supported by Bridgemere Investments, accompanied by a 1-for-10 share consolidation, to repay its maturing £50 million retail bond due in August 2024, reduce loan-to-value ratios, and enhance financial flexibility for portfolio refurbishments and accretive opportunities. Subsequent operational progress in 2025 includes strong lettings activity, such as 21 transactions across 86,779 square feet in Q3 2025 generating £1.7 million in annualised rental income at 5.2% above estimated rental values (ERVs), with 87% tenant retention, alongside portfolio valuation stability at approximately £622.8 million as of mid-2025 and advancements in refinancing its August 2026 banking facility ahead of maturity. Further initiatives encompass ongoing disposals, EPC improvements, and active asset management to drive rental growth and occupancy amid regional office market challenges.
Regional REIT Limited (RGGLF) Q2 2025 Earnings Call Transcript
Regional REIT tumbles as ex-Redrow boss rides to rescue