Q1 Dividend Declaration

RNS Number : 6284R

Real Estate Investors PLC

18 June 2018

 

18 June 2018

Real Estate Investors Plc

("REI" or the "Company")

Q1 Dividend Declaration

Real Estate Investors Plc (AIM: RLE), the London Stock Exchange listed Real Estate Investment Trust (REIT) with a portfolio of 1.5 million sq ft of commercial property in the Midlands property market across all sectors, is pleased to announce its Q1 dividend declaration.

In accordance with its progressive dividend policy, REI will pay a Q1 dividend of 0.875 pence per share for the period 1 January 2018 to 31 March 2018.  The payment will be made on 27 July 2018 to all shareholders on the register as at 29 June 2018.  The ex-dividend date will be 28 June 2018.  This dividend will be a non-Property Income Distribution (non-PID).

Enquiries:

Real Estate Investors Plc Paul Bassi	[phone]
Smith & Williamson Corporate Finance Limited Azhic Basirov/David Jones	[phone]
Liberum Jamie Richards/William Hall	[phone]
Gable Communications Limited John Bick	[phone] [phone]

About Real Estate Investors Plc

Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of 1.5 million sq ft of commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.

The Company's strategy is to invest in well located, real estate assets in the established and proven markets of central Birmingham and the Midlands, with income and capital growth potential, realisable through active portfolio management, refurbishment, change of use and lettings. The portfolio has no material reliance on a single asset or occupier.

On 1st January 2015, the Company converted to a REIT.  Real Estate Investment Trusts are listed property investment companies or groups not liable to corporation tax on their rental income or capital gains from their qualifying activities.

The Company aims to deliver capital growth and income enhancement from its assets, supporting a progressive dividend policy. Further information on the Company can be found at www.reiplc.com.

 

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