Financials Regional REIT Limited OTC Markets

Equities

RGGLF

GG00BYV2ZQ34

Commercial REITs

Market Closed - OTC Markets Other stock markets 09:30:02 2024-06-27 EDT			5-day change	1st Jan Change
0.26 ^USD	-14.39%		-.--%	-55.71%

06-28	Gulf Marine investor Seafox cuts stake	AN
06-27	FTSE 100 sinks as Wall Street lacks direction	AN

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	488.5	356	484.3	304.3	181.5	62.92	-	-
Enterprise Value (EV) ¹	806.7	665.2	861.2	689.2	562.5	389	333.3	348.9
P/E ratio	17.2 x	-11.5 x	14.9 x	-4.68 x	-2.69 x	-	-	-
Yield	7.29%	7.76%	6.92%	11.2%	14.9%	39.3%	38.1%	38.1%
Capitalization / Revenue	6.46 x	4.69 x	8.68 x	4.86 x	3.38 x	1.2 x	1.17 x	1.17 x
EV / Revenue	10.7 x	8.76 x	15.4 x	11 x	10.5 x	7.39 x	6.17 x	6.5 x
EV / EBITDA	18.3 x	15.9 x	19 x	13.5 x	13.1 x	10.1 x	9.61 x	10 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	431,507	431,507	515,737	515,737	515,737	515,737	-	-
Reference price ²	1.132	0.8250	0.9390	0.5900	0.3520	0.1220	0.1220	0.1220
Announcement Date	4/9/20	3/25/21	3/29/22	3/28/23	3/26/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	75.64	75.94	55.82	62.65	53.72	52.64	53.99	53.72
EBITDA ¹	44.06	41.95	45.24	51.22	43.09	38.7	34.7	34.8
EBIT	42.02	41.95	45.24	51.22	-	-	-	-
Operating Margin	55.54%	55.24%	81.04%	81.77%	-	-	-	-
Earnings before Tax (EBT) ¹	26.25	-31.2	28.77	-65.17	-67.45	24.8	-	-
Net income	26.51	-31	28.76	-65.16	-67.46	-	-	-
Net margin	35.05%	-40.82%	51.51%	-104.02%	-125.57%	-	-	-
EPS	0.0660	-0.0720	0.0630	-0.1260	-0.1310	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0825	0.0640	0.0650	0.0660	0.0525	0.0480	0.0465	0.0465
Announcement Date	4/9/20	3/25/21	3/29/22	3/28/23	3/26/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 S1	2022 S1	2023 S1	2023 S2
Net sales ¹	-	-	-	27.74
EBITDA	-	-	-	-
EBIT	-	-	-	-
Operating Margin	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-
Net income	-	-	-12.14	-
Net margin	-	-	-	-
EPS	-	-	-0.0240	-
Dividend per Share	0.0320	0.0330	-	-
Announcement Date	9/16/21	9/15/22	9/12/23	3/26/24

¹GBP in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	318	309	377	385	381	326	270	286
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	7.222 x	7.371 x	8.332 x	7.513 x	8.841 x	8.426 x	7.793 x	8.218 x
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	-	-	-	-	-	-	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets	-	-	-	-	-	-	-	-
Book Value Per Share	-	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	0.0400	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	4/9/20	3/25/21	3/29/22	3/28/23	3/26/24	-	-	-

¹GBP in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Regional REIT Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

0.122 GBP

Average target price

0.4 GBP

Spread / Average Target

+227.87%

Consensus

Annual profits - Rate of surprise

Company calendar

Sector Other Commercial REITs

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CAPITALAND INTEGRATED COMMERCIAL TRUST	-2.91%	9.98B
FEDERAL REALTY INVESTMENT TRUST	-2.18%	8.36B
CAPITALAND ASCENDAS REIT	-15.84%	8.31B
KLÉPIERRE	+4.70%	7.99B
COVIVIO	-4.81%	5.55B

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