REI Navigates Market, Achieves Sales and Reduces Debt

Real Estate ate ate Investors (GB:RLE) has released an update.

Real Estate Investors PLC, a Midlands-focused REIT, reports a proactive first half of 2024 with £13.4 million in property sales at a 3.5% uplift and significant debt reduction, with total debt down to £44.4 million from £67.9 million the previous year. Despite a loss before tax, the company maintains a strong rent collection rate and continues to pay a covered dividend while navigating a challenging market with a forward-looking sales and debt repayment strategy.

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