Business
Q4 22 Divi, Letting Update & FY22 Valuation
Q4 22 Divi, Letting Update & FY22 Valuation.
About this update from Regional Reit Ltd.
[{"type":"text","content":"\n \n 23 February 2023\n \n REGIONAL REIT Limited\n \n \n (\"Regional REIT\", the \"Group\" or the \"Company\")\n \n \n \n Q4 2022 Dividend, Letting Update and Year-End Portfolio Valuation\n \n \n \n \n Dividend Yield of 11% and 99% Rent Collection for 2022\n \n \n \n Regional REIT (LSE: RGL), the regional office specialist, is today pleased to announce its Q4 2022 dividend, a positive rent collection update and a portfolio valuation as at 31 December 2022.\n \n \n \n Q4 2022 Dividend - Expected to be covered; yield of 11%\n \n \n \n The Company confirms that it will pay a dividend of 1.65 pence per share (\"pps\") for the period 1 October 2022 to 31 December 2022 (1 October 2021 to 31 December 2021: 1.70pps). This amounts to a total dividend of 6.6pps for 2022 (2021: 6.5pps), and which is expected to be covered by 2022 EPRA earnings. It equates to an annualised dividend yield of c.11% at the closing price per share on 22 February 2023. The entire dividend will be paid as a REIT property income distribution (\"PID\").\n \n \n \n \n \n \n \n \n Rent Collection 2022 Update\n \n \n \n The Company is also pleased to report that as at 15 February 2023, Q1 2022 collections amounted to 99.2%, Q2 2022 to 98.9% and Q3 2022 to 98.1%. Currently, Q4 2022 rent collection, adjusting for monthly rent and agreed collection plans, stands at 97.\n 9\n %, which is above the equivalent period in 2021 when 96.6% had been collected. The total rent collection for 2022 is currently at 98.\n 6\n % compared with 98.6% this time last year.\n \n \n \n \n \n \n \n %\n \n \n \n \n \n \n Q1 2022\n \n \n \n \n \n \n Q2 2022\n \n \n \n \n \n \n Q3 2022\n \n \n \n \n \n \n Q4 2022\n \n \n \n \n \n \n YTD\n \n \n \n \n \n \n \n \n Rent paid\n \n \n \n \n \n 99.2\n \n \n \n \n 98.9\n \n \n \n \n 98.1\n \n \n \n \n 97.2\n \n \n \n \n \n 98.\n 4\n \n \n \n \n \n \n \n \n Adjusted for monthly rents\n \n \n \n \n \n 0.0\n \n \n \n \n 0.0\n \n \n \n \n 0.0\n \n \n \n \n 0.\n 7\n \n \n \n \n \n 0.\n 2\n \n \n \n \n \n \n \n \n Agreed collections plans\n \n \n \n \n \n 0.0\n \n \n \n \n 0.0\n \n \n \n \n 0.0\n \n \n \n \n 0.0\n \n \n \n \n \n 0.0\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 99.2\n \n \n \n \n \n \n 98.9\n \n \n \n \n \n \n 98.1\n \n \n \n \n \n \n 97.\n 9\n \n \n \n \n \n \n 98.\n 6\n \n \n \n \n \n \n \n \n \...