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Regional REIT (RGL): Return to the Office Gathers Momentum

LONDON, UK / ACCESSWIRE / June 7, 2022 / This note focuses on the outlook for income-driven returns from Regional REIT (RGL). With the ‘return to the office' accelerating, RGL expects a positive demand-supply balance to generate rental growth, increased occupancy and valuation gains. Q122 DPS increased c 3% to 1.65p. Income risk is mitigated by portfolio diversification, while fully fixed or hedged borrowing costs protect against further interest rate increases.

Reflecting the potential impact of a deteriorating political and economic environment, we have reduced our EPRA earnings forecasts by c 2% and the fully covered FY22 DPS to 6.6p (from 6.7p). This continues to reflect an attractive yield of 7.9% while the shares trade at a 14% discount to NAV.

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All reports published by Edison are available to download free of charge from its website www.edisongroup.com

About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Martyn King +44 (0)20 3077 5745 financials@edisongroup.com

Learn more at www.edisongroup.com and connect with Edison on:

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SOURCE: Edison Investment Research Limited



View source version on accesswire.com:
https://www.accesswire.com/703948/Regional-REIT-RGL-Return-to-the-Office-Gathers-Momentum

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