Capital expenditure programme update and highlights:

As previously announced the Company has identified c. 20 sites where there are clear value add opportunities. These may include planning applications being submitted to change the use to alternatives such as student accommodation, residential or hotel use ahead of a sale, to maximise value for shareholders. It is anticipated that this programme will deliver good shareholder value over the medium term.

In addition, currently the total capital expenditure investment amounts to £23.9m:

·    11 capital projects underway for £8.5m

·    9 projects scheduled to commence on-site works by the end of H1 ’25 for £6.4m 

·    10 projects that have been identified for £9.0m

Q1 2025 Dividend Declaration

The Company declares that it will pay a dividend of 2.50 pence per share (“pps”) for the period 1 January 2025 to 31 March 2025, (1 January 2024 to 31 March 2024: 1.20pps**). The entire dividend will be paid as a REIT property income distribution (“PID”).

Shareholders have the option to invest their dividend in a Dividend Reinvestment Plan (“DRIP”), and more details can be found on the Company’s website https://www.regionalreit.com/investors/investors-dividend/dividend-reinvestment-plan.

As you can see from the Level 2 table above the spread can widen alarmingly. Current quote xd on the 22/05 payable 11/07

You can normally deal within the spread but if the brown stuff hits the fan you would be locked into the position, so the dividends would be crucial to you holding on.

Current expected dividend 10p. Current price to buy 115p a yield of 8.75%

Discount to NAV 48%