Regional REIT Limited announced its Q1 2026 trading update and declared a dividend of 2.0 pence per share. Despite challenging market conditions, the company continued its repositioning strategy, executing targeted disposals to strengthen its balance sheet and improve portfolio quality. Key highlights include
**Disposals**Completed six sales for £12.6m in Q1 2026 and three post-quarter disposals for £2.5m, reducing LTV to 39.4%.
**Lettings**Secured 26 new lettings and renewals, adding £1.1m to the rent roll, with rents 9.8% above ERV.
**Portfolio**110 properties valued at £543.1m, with EPRA occupancy at 87.0% for the Core segment and 75.5% overall.
**Dividend**Declared 2.0 pence per share for Q1 2026, payable as a REIT property income distribution (PID).
**Strategy**Portfolio segmented into Core, Capex to Core, Value Add, and Sales categories, focusing on sustainable income and asset improvement.
The company remains focused on balance sheet discipline and pursuing its updated strategy to deliver long-term value.
| Metric | Q1 2026 | Q4 2025 (Year-End) | Change |
|---|---|---|---|
| Gross Property Assets Value (£m) | 543.1 | 555.2 | -2.2% |
| Rent Roll (£m) | 49.8 | 50.4 | -1.2% |
| ERV (£m) | 75.0 | 77.0 | -2.6% |
| EPRA Occupancy (Core Segment) (%) | 87.0 | 86.5 | +0.6% |
| EPRA Occupancy (by ERV) (%) | 75.5 | 75.9 | td>-0.5%|
| Total Rent Collection (%) | 98.5 | 97.9 | +0.6% |
| Cash and Cash Equivalents (£m) | 40.3 | 37.7 | +6.9% |
| Net Loan-to-Value Ratio (%) | 39.4 | 40.4 | -2.5% |
| Gross Borrowings (£m) | 254.5 | 266.2 | -4.4% |
| Group Cost of Debt (incl. hedging) (%) | 3.4 | 3.3 | +3.0% |
| Dividend per Share (pence) | 2.0 | 2.5 | -20.0% |