London
· Delayed Price · Currency is GBP · Price in GBX Real Estate Investors Company Description
Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of mixed-use commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.
The portfolio has no material reliance on a single asset or occupier. On 1st January 2015, the Company converted to a REIT.
Real Estate Investment Trusts are listed property investment companies or groups not liable to corporation tax on their rental income or capital gains from their qualifying activities.
The Company announced in January 2024 that it would be undertaking an orderly strategic sale of the Company's portfolio over three years, disposing of assets individually or collectively, at or above book value, to optimise returns to shareholders.
The pace of the disposal programme will be dictated by market conditions, with an initial focus on repaying the Company's debt.
In the meantime, it is the Board's intention to continue paying a fully covered quarterly dividend.
| Country | United Kingdom |
| Founded | 2004 |
| Industry | REIT - Diversified |
| Sector | Real Estate |
| Employees | 7 |
| CEO | Paramjit Bassi |
Contact Details
Address: 2nd Floor Birmingham, B3 2AP United Kingdom | |
| Phone | 44 121 212 3446 |
| Website | reiplc.com |
Stock Details
| Ticker Symbol | RLE |
| Exchange | London Stock Exchange AIM |
| Fiscal Year | January - December |
| Reporting Currency | GBP |
| ISIN Number | GB00B45XLP34 |
| SIC Code | 6500 |
Key Executives
| Name | Position |
|---|---|
| Paramjit Bassi | Chief Executive Officer |
| Marcus Hugh Daly | Chief Financial Officer |
| Anna Durnford | Head of Investor Relations |