Real Estate Investors Plc portfolio remains well-balanced with 280 occupiers

  • Jan 08, 2020 GMT
  • Team Kalkine
  Real Estate Investors Plc (LON: RLE) has released a positive trading update for 2019 and outlook for 2020.
  • The company’s portfolio remains well-stable with 280 tenants or occupiers through 53 assets, apart from this additional value is being created via asset management schemes.
  • The overall cost of the debt of the company reduced to 3.4 per cent, with 72 per cent of the company's debt now fixed.
  • The company’s revenues improved, and it helped to cover the dividend payments, with contracted rents soaring to £17.66 million, up 3.85 per cent over the year.
  • On 8th January 2020, at the time of writing, GMT 08:06 AM, RLE shares were trading at GBX 53.00, unchanged against the previous day closing price.

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