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Regional REIT
(LSE:RGL)
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Rating:48Neutral
Price Target:
85.00 p
▼(-11.92% Downside)
Action:Reiterated
Date:10/05/26
The score is held back primarily by weak financial profitability (multi-year net losses and deteriorating free cash flow) and bearish technicals (below major moving averages with negative momentum). Improving leverage and positive operating cash flow provide support, while the earnings call added modest confidence from asset-sale/deleveraging progress and dividend coverage, tempered by occupancy weakness and higher refinancing costs.
Positive Factors
Lower leverage
Debt reduction improves financial resilience by lowering balance-sheet risk and interest exposure. If planned asset sales are completed, further LTV reduction should provide greater flexibility to manage vacancies, fund essential investment, and withstand refinancing pressure over the coming quarters.
Negative Factors
Persistent profitability and cash-flow pressure
Several years of net losses indicate that recurring property income has not translated into durable bottom-line profitability. Breakeven free cash flow also leaves less internally generated funding for debt reduction, refurbishment, distributions, and other investments needed to protect portfolio income.
Read all positive and negative factors
Positive Factors
Negative Factors
Lower leverage
Debt reduction improves financial resilience by lowering balance-sheet risk and interest exposure. If planned asset sales are completed, further LTV reduction should provide greater flexibility to manage vacancies, fund essential investment, and withstand refinancing pressure over the coming quarters.
Read all positive factors
Regional REIT (RGL) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£143.12M
Dividend Yield10.19%
Average Volume (3M)243.79K
Price to Earnings (P/E)―
Beta (1Y)0.71
Revenue Growth-15.80%
EPS Growth44.17%
CountryUK
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)-0.07
Shares Outstanding162,088,490
10 Day Avg. Volume156,925
30 Day Avg. Volume243,786
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)0.54
Price to Sales (P/S)2.20
P/FCF Ratio13.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.09
Revenue Forecast (FY)£33.80M
Regional REIT Business Overview & Revenue Model
Company Description
Regional REIT Limited (Regional REIT or the Company) and its subsidiaries (the Group) is a United Kingdom (UK) based real estate investment trust that launched in November 2015. It is managed by ESR Europe LSPIM Limited, the Investment Adviser, an...
How the Company Makes Money
Regional REIT’s earnings are primarily driven by rental income received from tenants leasing space across its commercial property portfolio. Revenue is generated through contracted lease payments (typically paid quarterly or monthly), with cash fl...
Regional REIT Earnings Call Summary
Earnings Call Date:Sep 08, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 23, 2027
Earnings Call Sentiment Positive
The call was cautiously constructive. Management highlighted tangible progress in lettings, asset sales, debt reduction, rent collection, ESG initiatives, and portfolio repositioning, while acknowledging lower occupancy, a 1.3% valuation decline, subdued leasing activity, macroeconomic uncertainty, and materially higher expected refinancing costs. The stated strategy remains on track, but execution and refinancing remain important challenges.Positive Updates
New Lettings and Void-Cost Savings
The company completed 26 new lettings during the period, generating GBP 1.9 million of new rental income and an annualized GBP 700,000 reduction in void costs. Actual occupancy improved by over 2% during the period.
Negative Updates
Macroeconomic and Political Headwinds
Management described continuing political and economic instability in the U.K. and internationally, increased energy costs, interest-rate movements, and reduced business confidence as headwinds affecting the economy and real estate market.
Read all updates
Q2-2026 Updates
Positive
Negative
New Lettings and Void-Cost Savings
The company completed 26 new lettings during the period, generating GBP 1.9 million of new rental income and an annualized GBP 700,000 reduction in void costs. Actual occupancy improved by over 2% during the period.
Read all positive updates
Company Guidance
Management guided to GBP 50 million-GBP 60 million of sales for the full year, with around GBP 58 million possible assuming the sale is complete before the year-end, and expects LTV to be somewhere around 35% by the year-end; occupancy is targeted at 84% by the end of 2026, with the 80% figure plus expected to come into force probably beginning of 2028. CapEx is expected to remain at GBP 10 million per annum, refinancing is expected to involve roughly GBP 100 million of debt at 45% LTV and almost certainly 3% above where we are currently, or early 6%s, while the dividend is intended to be held at similar levels in the next year or so, with GBP 0.082 or so consensus forecasts for 2027 and a GBP 0.08+ dividend, and management expects rental growth to continue and indeed increase ahead of the 2030 date for EPC requirements A and B coming into force.Regional REIT Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
48
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 72.98M | 78.63M | 90.98M | 91.88M | 93.32M | 79.90M |
| Gross Profit | 31.58M | 34.10M | 40.70M | 47.15M | 54.22M | 55.82M |
| EBITDA | -253.00K | -4.14M | 36.28M | 35.91M | 73.98M | 45.45M |
| Net Income | -11.33M | -16.35M | -39.54M | -67.46M | -65.16M | 28.76M |
Balance Sheet | ||||||
| Total Assets | 601.72M | 636.58M | 722.13M | 782.42M | 906.05M | 1.01B |
| Cash, Cash Equivalents and Short-Term Investments | 40.78M | 37.73M | 55.87M | 34.51M | 50.15M | 56.13M |
| Total Debt | 251.42M | 273.73M | 323.77M | 426.99M | 446.52M | 449.87M |
| Total Liabilities | 292.57M | 317.29M | 370.52M | 476.33M | 503.11M | 508.29M |
| Stockholders Equity | 309.15M | 319.29M | 351.61M | 306.09M | 402.94M | 502.40M |
Cash Flow | ||||||
| Free Cash Flow | 23.41M | 12.98M | 19.91M | 21.26M | 33.26M | 43.84M |
| Operating Cash Flow | 23.41M | 12.98M | 19.91M | 21.26M | 33.26M | 43.84M |
| Investing Cash Flow | 53.50M | 35.39M | 21.44M | 14.80M | -5.08M | -98.24M |
| Financing Cash Flow | -83.24M | -67.36M | -19.14M | -51.70M | -34.15M | 43.15M |
Regional REIT Technical Analysis
Neutral
96.50
Price Trends
89.46
Negative
91.37
Negative
90.87
Negative
Market Momentum
-0.16
Negative
49.93
Neutral
56.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:RGL, the sentiment is Neutral. The current price of 96.5 is above the 20-day moving average (MA) of 87.65, above the 50-day MA of 89.46, and above the 200-day MA of 90.87, indicating a neutral trend. The MACD of -0.16 indicates Negative momentum. The RSI at 49.93 is Neutral, neither overbought nor oversold. The STOCH value of 56.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:RGL.
Regional REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | £50.01M | 16.66 | 2.55% | 4.14% | -0.65% | -58.16% | |
60 Neutral | £350.22M | 11.34 | 6.98% | 8.33% | 44.75% | 13.02% | |
54 Neutral | £29.87M | -7.23 | -11.17% | 4.79% | ― | ― | |
53 Neutral | £51.56M | -38.04 | -1.25% | 4.08% | 1.78% | 60.68% | |
48 Neutral | £143.12M | -12.63 | -3.61% | 10.19% | -15.80% | 44.17% |
* Real Estate Sector Average
GB:RGL
Regional REIT
88.30
-8.37
-8.66%
GB:NRR
NewRiver REIT
80.40
16.41
25.65%
GB:PCA
Palace Capital
188.00
-18.13
-8.79%
GB:PNS
Panther Securities
290.00
7.19
2.54%
GB:TOWN
Town Centre Securities
122.50
-5.23
-4.10%
Regional REIT Corporate Events
Regulatory Filings and Compliance
Regional REIT Senior Independent Director Buys Additional Shares
Positive
Sep 30, 2026
Regional REIT Limited has disclosed a share purchase by Senior Independent Director Massy Larizadeh, who acquired 9,000 ordinary shares on 29 September 2026. The transaction, executed on the London Stock Exchange at a price of £0.90112 per sh...
Regulatory Filings and Compliance
Regional REIT Chairman Increases Stake with Share Purchase
Positive
Sep 23, 2026
Regional REIT Limited has disclosed a purchase of ordinary shares by its non-executive director and chairman, David Hunter, in a regulatory filing concerning transactions by persons discharging managerial responsibilities. Hunter acquired 11,210 o...
Business Operations and StrategyDividendsFinancial Disclosures
Regional REIT Advances Repositioning Strategy as Half-Year Portfolio Values Ease
Neutral
Sep 8, 2026
Regional REIT reported half-year 2026 results showing a 5.1% decline in portfolio value to £526.7 million and a 3% fall in EPRA NTA to £305.8 million, reflecting market revaluations and £21.5 million of disposals. Despite softer met...
Business Operations and StrategyFinancial Disclosures
Regional REIT to Present Half-Year Results in Live Investor Webinar
Positive
Sep 2, 2026
Regional REIT has scheduled a live investor presentation on 14 September 2026 at 14:30 BST, where Stephen Inglis will discuss the company’s half-year results via the Investor Meet Company platform. The event, open to existing and prospective...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.