Up­date: Re­gional Reit

The Daily Telegraph - Business - - Business -

Yes­ter­day this prop­erty fund, fo­cused, as its name sug­gests, on real es­tate out­side the cap­i­tal, said it had ar­ranged sev­eral new leases at rents about 20pc above the es­ti­mated rental val­ues of the prop­er­ties con­cerned, which were pre­dom­i­nately home to “gov­ern­ment-des­ig­nated es­sen­tial ser­vice oc­cu­piers”.

The rents in­volved amounted to £531,364 a year, com­pared with Re­gional’s an­nual rental in­come of £64.3m in the year to De­cem­ber. None the less the in­creases are wel­come and we will hold.

Up­date: Port­fo­lio per­for­mance

As our monthly ta­ble shows, per­for­mance has con­tin­ued to be held back by cap­i­tal losses in­curred since the be­gin­ning of the Covid epi­demic. We are just in the black over­all.

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