As previously indicated Regional REIT will pay a dividend of 1.50 pence per share ("pps") for the period 1 October 2020 to 31 December 2020 (1 October 2019 to 31 December 2019: 1.90pps), which amounts to a total dividend of 6.4pps for 2020. The dividend payment will be made on 9 April 2021 to shareholders on the register as at 5 March 2021. The ex-dividend date will be 4 March 2021. The entire dividend will be paid as a REIT property income distribution ("PID").
Full Year 2020 Portfolio Valuation:
Portfolio valuation £732.4m (2019: £787.9m)
The like-for-like value of the portfolio decreased in H2 2020 by 2.9%, a like-for-like decrease of 7.2% for the year, after adjusting for capital expenditure and disposals during the period
Gross rent roll £64.2m (2019: £64.3m)
153 assets (2019: 160); 898 occupiers (2019: 904)
Offices (by value) were 83.5% of the portfolio (2019: 79.9%), industrials 11.1% (2019: 13.7%), retail 4.1% (2019: 5.0%), and Other 1.3% (2019: 1.4%)
England & Wales (by value) represented 82.7% (2019: 82.0%) of the portfolio with the remainder in Scotland
EPRA Occupancy (by ERV) 89.4% (2019:89.4%)
Average lot size c. £4.8m (2019: c. £4.9m)
Net loan-to-value ratio was 40.8% (2019: 38.9%)
