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Regional REIT Ltd - commercial property investor - Pretax loss in 2023 widens to £67.4 million from £65.2 million the year prior, loss per share totals 13.1 pence compared to 12.6p. Net rental and property income falls to £53.7 million from £62.6 million. Pays total dividend of 5.25p per share, down from 6.60p. Says the rent roll remained robust at £67.8 million, down from £71.8 million, and the EPRA occupancy stands at 80% compared to around 83% last year. EPRA net tangible assets reduced to £290.8 million from £379.2 million. This was the result of investment property portfolio revaluation which reflected the challenging market environment, company says. Expects the macroeconomic challenges to remain in the near term, particularly around the availability of funding, given the prolonged monetary policy tightening. Operationally, says the company continues to perform well. Current stock price: 18.18 pence 12-month change: down 69% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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