Added to YB: 2026-05-22
Pitch date: 2026-05-20
RGL.L [bullish]
Regional REIT Limited
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
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.
Market Cap
GBP 146.5M
Pitch Price
GBP 0.91
Price Target
1.98 (+118%)
Dividend
11.06%
EV/EBITDA
N/A
P/E
-8.96
EV/Sales
4.84
Sector
Office REITs
Category
value
There's no riddle to RGL
RGL.L: UK regional office REIT at 54.6% discount to NAV (90p share price vs 198p NAV). Generated 7.4p rental cash + 30p from disposals - 8p capex = 29.3p FCF/share (33% FCF yield). 12x P/E at trough occupancy. 61% portfolio EPC A/B vs 17% UK avg; tight supply driving rents 9.8% above ERV. Q1 core rental income +11%, new lettings £4.4m annualized. Deleveraging via disposals above book. Rising demand, limited supply post-2030 MEES regs = re-rating catalyst.
Read full article (5 min)