Q1 Dividend Declaration

18th June 2018
RNS Number : 6284R
Real Estate Investors PLC
18 June 2018
 

 

 

18 June 2018

Real Estate Investors Plc

(“REI” or the “Company”)

 

Q1 Dividend Declaration

 

Real Estate Investors Plc (AIM: RLE), the London Stock Exchange listed Real Estate Investment Trust (REIT) with a portfolio of 1.5 million sq ft of commercial property in the Midlands property market across all sectors, is pleased to announce its Q1 dividend declaration.

 

In accordance with its progressive dividend policy, REI will pay a Q1 dividend of 0.875 pence per share for the period 1 January 2018 to 31 March 2018.  The payment will be made on 27 July 2018 to all shareholders on the register as at 29 June 2018.  The ex-dividend date will be 28 June 2018.  This dividend will be a non-Property Income Distribution (non-PID).

 

 

 

Enquiries:

 

Real Estate Investors Plc

Paul Bassi

 

+44 (0)121 212 3446

 

Smith & Williamson Corporate Finance Limited

Azhic Basirov/David Jones

 

+44 (0)20 7131 4000

 

Liberum

Jamie Richards/William Hall

 

+44 (0)20 3100 2000

 

Gable Communications Limited

John Bick

 

+44 (0)20 7193 7463

+44 (0)7872 061 007

 

 

About Real Estate Investors Plc

 

Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of 1.5 million sq ft of 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 Company’s strategy is to invest in well located, real estate assets in the established and proven markets of central Birmingham and the Midlands, with income and capital growth potential, realisable through active portfolio management, refurbishment, change of use and lettings. 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 aims to deliver capital growth and income enhancement from its assets, supporting a progressive dividend policy. Further information on the Company can be found at www.reiplc.com.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 

END

 
 

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