Regional REIT (RGL) is focused on investment in offices in regional centres across the UK, outside the M25 (now more than 90% of the portfolio). It is actively managed and, with a strong focus on income, it provides one of the highest yields in the sector. Since listing in November 2015, to 30 June 2021 it has generated an aggregate accounting return of 39.9% or a compound average annual return of 6.1%, all generated by dividends paid. The FTSE EPRA NAREIT UK Index has returned an aggregate 4.7% or 0.8% pa over the same period.
In this interview, Stephen Inglis, CEO of the asset manager to RGL, London & Scottish Property Investment Management, discusses the recent interim results to 30 June 2021, developments in the regional office market, the focus of RGL’s investment and reinforced by significant recent transactions, and the outlook for the company.