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Regional REIT

OTCPK:RGGL.F
Snowflake Description

Undervalued average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RGGL.F
OTCPK
£343M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Regional REIT (LSE: RGL) is a London Stock Exchange Main Market traded specialist real estate investment trust focused on office and industrial property interests in the principal regional locations of the United Kingdom outside of the M25 motorway. The last earnings update was 109 days ago. More info.


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RGGL.F Share Price and Events
7 Day Returns
0%
OTCPK:RGGL.F
-1%
US REITs
1.6%
US Market
1 Year Returns
-
OTCPK:RGGL.F
-8.7%
US REITs
-8.8%
US Market
RGGL.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Regional REIT (RGGL.F) 0% 0% 1.8% - - -
US REITs -1% -7.2% -7.4% -8.7% -0.2% 20.3%
US Market 1.6% -8.3% -15.8% -8.8% 19.9% 28.5%
1 Year Return vs Industry and Market
  • No trading data on RGGL.F.
  • No trading data on RGGL.F.
Price Volatility
RGGL.F
Industry
5yr Volatility vs Market

Value

 Is Regional REIT undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Regional REIT to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Regional REIT.

OTCPK:RGGL.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:RGGL.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.476 (1 + (1- 21%) (113.13%))
0.902
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (0.902 * 7.05%)
9.31%

Discounted Cash Flow Calculation for OTCPK:RGGL.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Regional REIT is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:RGGL.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (GBP, Millions) 34.85 41.47 48.94 57.26 66.42
Source Est @ 20%, capped from 25.23% Est @ 19%, capped from 25.23% Est @ 18%, capped from 25.23% Est @ 17%, capped from 25.23% Est @ 16%, capped from 25.23%
Present Value
Discounted (@ 9.31%)
31.88 34.71 37.47 40.11 42.56
Present value of next 5 years cash flows £186.73
OTCPK:RGGL.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= £66.42 × (1 + 2.95%) ÷ (9.31% – 2.95%)
£1,075.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= £1,075.24 ÷ (1 + 9.31%)5
£689.00
OTCPK:RGGL.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= £186.73 + £689.00
£875.73
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £875.73 / 372.82
£4.46
OTCPK:RGGL.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:RGGL.F represents 1.3783x of LSE:RGL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.3783x
Value per Share
(Listing Adjusted, USD)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 3.24 x 1.3783
$4.46
Value per share (USD) From above. $4.46
Current discount Discount to share price of $1.28
= -1 x ($1.28 - $4.46) / $4.46
71.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Regional REIT is available for.
Intrinsic value
>50%
Share price is $1.28 vs Future cash flow value of $4.46
Current Discount Checks
For Regional REIT to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Regional REIT's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Regional REIT's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Regional REIT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Regional REIT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:RGGL.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in GBP £0.16
LSE:RGL Share Price ** LSE (2018-10-05) in GBP £0.93
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 27.37x
United States of America Market PE Ratio Median Figure of 3,020 Publicly-Listed Companies 15.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Regional REIT.

OTCPK:RGGL.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:RGL Share Price ÷ EPS (both in GBP)

= 0.93 ÷ 0.16

5.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Regional REIT is good value based on earnings compared to the US REITs industry average.
  • Regional REIT is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Regional REIT's expected growth come at a high price?
Raw Data
OTCPK:RGGL.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-19.8%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 0.92x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.12x

*Line of best fit is calculated by linear regression .

OTCPK:RGGL.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.66x ÷ -19.8%

-0.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Regional REIT earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Regional REIT's assets?
Raw Data
OTCPK:RGGL.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in GBP £1.14
LSE:RGL Share Price * LSE (2018-10-05) in GBP £0.93
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.55x
United States of America Market PB Ratio Median Figure of 5,094 Publicly-Listed Companies 1.59x
OTCPK:RGGL.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:RGL Share Price ÷ Book Value per Share (both in GBP)

= 0.93 ÷ 1.14

0.82x

* Primary Listing of Regional REIT.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Regional REIT is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Regional REIT's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Regional REIT has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Regional REIT expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-19.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Regional REIT expected to grow at an attractive rate?
  • Regional REIT's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 3%.
Growth vs Market Checks
  • Regional REIT's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Regional REIT's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:RGGL.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:RGGL.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -19.8%
OTCPK:RGGL.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 3.7%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 0.4%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:RGGL.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:RGGL.F Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31
2019-12-31 64 42 2
2018-12-31 63 64 2
OTCPK:RGGL.F Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-06-30 60 34 56
2018-03-31 56 33 41
2017-12-31 52 31 27
2017-09-30 49 27 25
2017-06-30 46 24 24
2017-03-31 45 24 19
2016-12-31 43 23 13
2016-06-30 25 11 27
2016-03-31 22 8 37
2015-12-31 19 4 47

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Regional REIT's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Regional REIT's revenue is expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:RGGL.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Regional REIT Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:RGGL.F Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31 0.11 0.11 0.11 1.00
2018-12-31 0.17 0.17 0.17 1.00
OTCPK:RGGL.F Past Financials Data
Date (Data in GBP Millions) EPS *
2018-06-30 0.16
2018-03-31 0.13
2017-12-31 0.09
2017-09-30 0.09
2017-06-30 0.08
2017-03-31 0.07
2016-12-31 0.05
2016-06-30 0.10
2016-03-31 0.14
2015-12-31 0.17

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Regional REIT will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Regional REIT's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Regional REIT has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Regional REIT performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Regional REIT's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Regional REIT's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Regional REIT's 1-year earnings growth exceeds its 5-year average (136% vs -5.8%)
  • Regional REIT's earnings growth has exceeded the US REITs industry average in the past year (136% vs 14%).
Earnings and Revenue History
Regional REIT's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Regional REIT Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:RGGL.F Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 60.01 55.80 9.14
2018-03-31 56.18 41.43 6.94
2017-12-31 52.35 27.06 4.75
2017-09-30 49.30 25.35 6.76
2017-06-30 46.26 23.64 6.39
2017-03-31 44.63 18.53 4.58
2016-12-31 42.99 13.42 2.78
2016-06-30 25.06 27.07 1.95
2016-03-31 21.96 37.26 1.30
2015-12-31 18.85 47.45 0.65
2014-12-31 37.78 48.93

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Regional REIT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Regional REIT used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • Regional REIT's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Regional REIT's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Regional REIT has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Regional REIT's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Regional REIT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Regional REIT is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Regional REIT's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Regional REIT's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Regional REIT Company Filings, last reported 5 months ago.

OTCPK:RGGL.F Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 423.86 387.61 79.52
2018-03-31 423.86 387.61 79.52
2017-12-31 392.90 372.37 44.64
2017-09-30 392.90 372.37 44.64
2017-06-30 322.00 332.87 32.23
2017-03-31 322.00 332.87 32.23
2016-12-31 291.74 218.96 16.20
2016-06-30 293.75 217.21 23.74
2016-03-31 293.75 217.21 23.74
2015-12-31 295.34 127.09 23.96
2014-12-31 253.24 121.17 32.59
  • Regional REIT's level of debt (91.4%) compared to net worth is high (greater than 40%).
  • Unable to establish if Regional REIT's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (8.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).
X
Financial health checks
We assess Regional REIT's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Regional REIT has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Regional REIT's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.42%
Current annual income from Regional REIT dividends. Estimated to be 8.8% next year.
If you bought $2,000 of Regional REIT shares you are expected to receive $168 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Regional REIT's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.57%).
  • Regional REIT's dividend is above the markets top 25% of dividend payers in United States of America (3.96%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:RGGL.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 4.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1986 Stocks 2.8%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.6%
United States of America Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:RGGL.F Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.09 1.00
2019-12-31 0.08 3.00
2018-12-31 0.08 3.00
OTCPK:RGGL.F Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-02-22 0.079 8.073
2017-02-23 0.096 9.282
2016-11-17 0.070 6.598
2016-09-20 0.070 6.646
2016-05-31 0.070 6.893
2016-03-07 0.040 3.833

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Regional REIT has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Regional REIT only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Regional REIT's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Regional REIT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Regional REIT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Regional REIT has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Regional REIT's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Regional REIT has no CEO, or we have no data on them.
Management Team

Martin Hughes

TITLE
Founder & CEO of Toscafund Asset Management LLP
TENURE
18.9 yrs

Derek McDonald

TITLE
Managing Director of London & Scottish Investments Limited

Andrew MacGilp

TITLE
Director of Commercial Property - London & Scottish Investments Limited

Adam Dickinson

TITLE
Head of Investor Relations
Board of Directors Tenure

Average tenure of the Regional REIT board of directors in years:

2.6
Average Tenure
  • The average tenure for the Regional REIT board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kevin McGrath

TITLE
Chairman of the Board
COMPENSATION
£70K
TENURE
3.2 yrs

Ronald Clapham

TITLE
Chairman of London & Scottish Investments Limited
AGE
66

Bill Eason

TITLE
Senior Independent Non-executive Director
COMPENSATION
£50K
TENURE
2 yrs

Stephen Inglis

TITLE
Non-Executive Director
TENURE
3.2 yrs

Dan Taylor

TITLE
Independent Non-Executive Director
COMPENSATION
£50K
AGE
59
TENURE
3.2 yrs

Tim Bee

TITLE
Non-Executive Director
TENURE
1.4 yrs

Frances Daley

TITLE
Independent Non-Executive Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Regional REIT insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
10. Oct 18 Buy Frances Daley Individual 10. Oct 18 10. Oct 18 30,000 $1.33 $39,803
X
Management checks
We assess Regional REIT's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Regional REIT has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

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Company Info

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Description

Regional REIT (LSE: RGL) is a London Stock Exchange Main Market traded specialist real estate investment trust focused on office and industrial property interests in the principal regional locations of the United Kingdom outside of the M25 motorway. Regional REIT is managed by London & Scottish Investments (the “Asset Manager”), and Toscafund Asset Management (the “Investment Manager”) (together, the “Managers”), and was formed by the Managers as a differentiated play on the expected recovery in UK regional property, to deliver an attractive total return to Shareholders and with a strong focus on income. The Group’s investment portfolio, as at 30 June 2018, was spread across 151 regional properties, 1,294 units and 950 tenants. As at 30 June 2018, the investment portfolio had a value of £758.7m and a net initial yield of 6.4%. The weighted average unexpired lease term to first break was 3.5 years. The Company’s shares were admitted to the Official List of the UK’s Financial Conduct Authority and to trading on the London Stock Exchange on 6 November 2015.

Details
Name: Regional REIT Limited
RGGL.F
Exchange: OTCPK
Founded: 2015
£434,778,213
372,821,136
Website: http://www.regionalreit.com
Address: Regional REIT Limited
Mont Crevelt House,
Bulwer Avenue,
Saint Sampson,
GY2 4LH,
Guernsey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE RGL Ordinary Shares London Stock Exchange GB GBP 06. Nov 2015
OTCPK RGGL.F Ordinary Shares Pink Sheets LLC US USD 06. Nov 2015
BATS-CHIXE RGLL Ordinary Shares BATS 'Chi-X Europe' GB GBP 06. Nov 2015
Number of employees
Current staff
Staff numbers
5
Regional REIT employees.
Industry
Office REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/29 01:04
End of day share price update: 2018/10/05 00:00
Last estimates confirmation: 2018/12/18
Last earnings filing: 2018/09/11
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.