3rd Sep 2018 07:00
RDI REIT P.L.C.
("RDI" or the "Company" or the "Group")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
LEI: 2138006NHZUMMRYQ1745
NOTICE OF RESULTS FOR THE YEAR ENDED 31 AUGUST 2018
RDI, the FTSE 250 income focused UK-REIT, will announce its preliminary results for the year ended 31 August 2018 on Thursday, 25 October 2018.
There will be a management presentation, conference call and a live webcast for investors and analysts at 9.00am (UK time), 10.00am (SA time) on Thursday, 25 October 2018 which can be accessed via the homepage of the Company's website: www.rdireit.com.
Please contact FTI Consulting at [email protected] for more information or to register your attendance. If you wish to meet with the management team post the announcement, please contact Janine Ackermann, Head of Investor Relations, on [email protected] or by telephone on +44 (0) 20 7811 0100.
Conference call dial in numbers:
UK: 0800 640 6441
UK Local: +44 20 3936 2999
South Africa: +27 80 017 2952
South Africa (Local): +27 87 550 8441
All other locations: +44 20 3936 2999
Participant Access Code: 642876
For further information, please contact:
RDI REIT P.L.C. Mike Watters, Stephen Oakenfull, Janine Ackermann
|
Tel: +44 (0) 20 7811 0100 |
FTI Consulting UK Public Relations Adviser Dido Laurimore, Claire Turvey, Ellie Sweeney
|
Tel: +44 (0) 20 3727 1000 |
Instinctif Partners SA Public Relations Adviser Frederic Cornet, Keagile Makgoba
|
Tel: +27 (0) 11 447 3030 |
JSE Sponsor Java Capital
|
Tel: +27 (0) 11 722 3050 |
Note to editors:
About RDI
RDI is a FTSE 250 UK Real Estate Investment Trust (UK-REIT) committed to becoming the UK's leading income focused REIT. The Company's income-led business model and strategic priorities are designed to offer shareholders superior, sustainable and growing income returns, with a target growth in underlying earnings per share of 3%-5% across the medium term.
Income sustainability is underpinned by a diversified portfolio and tenant base, with no overreliance on any one sector or tenant, together with an efficient capital structure. The secure and growing income stream is 25.9% index-linked and has a WAULT of 6.8 years to first break (8.2 years to expiry). This is complemented by an average debt maturity of 7.0 years of which over 90% of interest costs are either fixed or capped. The Company is focused on all aspects impacting shareholder distributions and reports one of the lowest cost ratios in the industry whilst maintaining a low cost of debt.
The Company owns properties independently valued at £1.6bn in the United Kingdom and Germany, Europe's two largest, liquid and transparent property markets. RDI invests in assets with strong property fundamentals spread across UK offices (including London serviced offices), UK logistics, UK shopping centres, UK retail parks, UK hotels and German retail. RDI is well placed to take advantage of the increasing occupier requirement for real estate owners to become high quality service providers, given its scalable operational platforms and nearly a third of the portfolio invested in hotels and London serviced offices.
RDI holds a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange and is included within the FTSE 250, EPRA, GPR, JSE All Property and JSE Tradeable Property indices.
For more information on RDI, please refer to the Company's website www.rdireit.com
All figures as at 28 February 2018
Related Shares:
RDI.L