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Real Estate Investors (RLE) investor relations material
Real Estate Investors Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading performance and sales programme
Completed and contracted property disposals totaled £26.9 million over 2024 and 2025, despite a subdued investment market and transactional paralysis in H2 2025.
Drawn debt was reduced from £54.4 million at the start of 2024 to £34.3 million by year-end 2025.
Rent collection remained strong at 99.28% in 2025, with year-end occupancy at 78.69% due to lease events and tenant insolvencies.
Contracted rental income at year-end was £8.3 million per annum, impacted by asset sales and tenant issues.
Covered dividends continued to be paid, totaling £56 million since the policy began.
Strategic outlook and management actions
A pipeline of sales and new lettings is in advanced stages, expected to improve rental income, occupancy, and WAULT.
Assets will be placed on the market in mid-March 2026, focusing on larger retail properties to leverage improved investor demand.
The strategy remains to complete the three-year orderly sales programme, with a possible extension if needed to maximize shareholder value.
Management continues to review administrative costs to ensure operational efficiency.
The company remains open to a corporate transaction, including a potential portfolio sale.
Leadership commentary and shareholder alignment
Leadership highlights disciplined execution of the sales programme and resilience of the portfolio.
Optimism for improved market conditions in 2026, supported by easing interest rates and a healthy pipeline.
Board remains focused on debt repayment, capital returns, and maintaining covered dividends.
Any extension to the disposal strategy will be considered only if necessary to maximize shareholder value.
- TimeTickerHeadlineOpen
- 6 FebSCW
Q2 2025 revenue surged 120% y/y, driven by a record Asian contract and a tripled backlog. - 6 FebSCW
Q1 2025 revenue jumped 97% year-over-year, with strong backlog and major new contracts secured. - 6 FebSCW
Q3 revenue up 39% y/y, backlog at 58.3 mln PLN, Space leads growth with global contracts. - 6 FebGHM
Q3 FY26 delivered 21% revenue growth, record backlog, and raised full-year guidance. - 6 FebPENG
All proposals passed, with no questions raised and results to be filed on Form 8-K. - 6 FebJKHY
Record revenue and net income growth drive raised guidance and strong segment performance. - 6 FebMGY
Record production, strong free cash flow, and disciplined capital returns defined 2025. - 6 FebQNST
Record Q2 revenue, $50.2M net income, HomeBuddy acquisition, and AI drive growth. - 6 FebOPGN
Shareholders will vote on seven key proposals, including a new equity plan and company name change. - 6 FebCDP
2025 FFO/share up 5.8% with strong leasing; 2026 outlook positive amid record defense spending.
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