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Regional REIT ( (GB:RGL) ) has shared an announcement.
Regional REIT Limited has successfully reduced its borrowings by £33.4 million, surpassing its initial target of £26.3 million set during a July 2024 equity capital raise. This financial improvement is partly due to an active property disposal program, which has reduced the company’s total borrowings to £319.9 million. The reduction in debt is aimed at strengthening the company’s financial position and enhancing shareholder value. The company remains committed to its strategy of decreasing leverage while investing in capital projects to create vibrant spaces for tenants.
More about Regional REIT
Regional REIT Limited is a property specialist focused on the regional real estate market. The company primarily deals with property investments and asset management, aiming to enhance shareholder value through strategic capital expenditure and property disposals.
YTD Price Performance: -37.04%
Average Trading Volume: 457,224
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £197.1M
Find detailed analytics on RGL stock on TipRanks’ Stock Analysis page.
