Real Estate Investors lifts first-half occupancy, cuts debt
Real Estate Investors PLC on Wednesday said its portfolio has performed well so far in 2025, with higher occupancy, continued disposals and reduced debt.
The Birmingham, England-based real estate investment trust said occupancy rose to around 86% at June 30 from 82% at the end of 2024.
Sales contracted, completed or in legals since the year-end total £11.3 million, including £7.7 million from 13 sales to private investors and £3.6 million from six sales in the pipeline.
A further £14.4 million of assets are currently being marketed to private investors, while £54.0 million of larger assets are prepared for sale in the fourth quarter of 2025 and the first half of 2026, subject to market conditions.
Debt fell to £34.9 million from £39.2 million at the end of 2024, with £4.3 million repaid from completed sales. Receipts from deferred contracted sales will also go towards reducing borrowings before capital returns to shareholders.
Chief Executive Paul Bassi said: ‘We are halfway through our 3-year orderly sales programme and remain focused on our strategic objective of repaying all our borrowing from targeted sales in order to commence our capital repayment programme to our shareholders.’
Shares in Real Estate Investors closed up 2.3% at 32.22 pence in London on Wednesday.
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