Real Estate Investors plc (RLE) 2020年年度报告「LSE」.pdf

1、ANNUAL REPORT 2020The Regional InvestorFront cover image:TOPAZ BUSINESS PARK,BROMSGROVEWelcome to Real Estate Investors Plc(AIM:RLE),the UKs only Midlands-focused,Birmingham-based Real Estate Investment Trust(REIT),with a portfolio of 1.59 million sq.ft.of commercial investment property across all s

2、ectors.Positioned in the emerging and expanding markets of the Midlands,the Company holds a diversified portfolio valued at over 200 million.BackgroundReal Estate Investors Plc is managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands pr

3、operty market,across all sectors.The Board are fully aligned with over 8.5%holding in the Company.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

4、 from their qualifying activities.The Companys strategy is to invest in well located real estate assets in the established and proven markets across the Midlands,with income and capital growth potential.This potential is realisable through proactive portfolio management,refurbishment,change of use a

5、nd lettings.REI Plc aims to deliver capital growth and income enhancement from its assets,supporting its progressive dividend policy.The Companys robust business model has delivered a consistent track record of results and has enabled the business to achieve operational successes during challenging

6、market downturns and global volatility.During the COVID-19 pandemic and the uncertainty of the markets,the Company continued to deliver returns to its shareholders.The Company is multi-banked,operates conservative gearing levels and maintains strong banking relationships,with access to debt at attra