Page 199 - Profile's Stock Exchange Handbook 2020 Issue 4

Profile’s Stock Exchange Handbook: 2020 – Issue 4 JSE – RDI
POSTAL ADDRESS: Merchants House, 24 North
RDI REIT P.L.C. Quay, Douglas, Isle of Man, IM1 4LE
RDI EMAIL: info@rdireit.com
WEBSITE: www.rdireit.com
TELEPHONE: 0044207-811-0100
FAX: 0044207-811-0101
COMPANY SECRETARY: Lisa Hibberd
TRANSFER SECRETARY: Computershare
Investor Services (Pty) Ltd.
Scan the QR code to SPONSOR: Java Capital Trustees and Sponsors
visit our website (Pty) Ltd.
ISIN: IM00BH3JLY32 SHORT: RDI CODE: RPL
REG NO: 010534V FOUNDED: 2004 LISTED: 2013 AUDITORS: KPMG UK
NATURE OF BUSINESS: CALENDAR Expected Status
RDI is an income focused UK Real Estate Investment Trust Next Final Results 5 Nov 2020 Confirmed
(UK-REIT)withadiversifiedportfolioinvestedprincipallyinthe Annual General Meeting Jan 2021 Unconfirmed
UK. The investment approach is driven by an in depth under- Next Interim Results Apr 2021 Unconfirmed
standing of occupational demand including the impact of tech-
nology, transport and infrastructure investment. The portfolio CAPITAL STRUCTURE AUTHORISED ISSUED
has been repositioned in recent years to increase its weighting to RPL Ords 40p ea 600 000 000 380 315 623
London and the South East and to provide greater exposure to DISTRIBUTIONS [GBPp]
our leading hotel and serviced office operating platforms. Ords 40p ea Ldt Pay Amt Scr/100
RDI is committed to delivering attractive income led total Final No 13 19 Nov 19 10 Dec 19 6.00 -
Interim No 12 4 Jun 19 25 Jun 19 4.00 -
returns across the real estate cycle. The current strategic objec- Final No 11 27 Nov 18 18 Dec 18 6.75 -
tives of a lower leverage capital structure and more focused allo- Interim No 10 5 Jun 18 25 Jun 18 6.75 15.00
cationofcapitalaretargetedatdeliveringanindustryleadingand LIQUIDITY: Sep20 Ave 2m shares p.w., R34.0m(22.6% p.a.)
sustainable income return.
J867 40 Week MA RDI
RDIisaUK-REITand holdsaprimarylisting on theLondon
StockExchangeandasecondarylistingontheJSE.TheCompany 5955
is included within the EPRA, GPR, JSE All Property and JSE 4991
Tradeable Property indices.
4027
SECTOR: Fins—Rest—Inv—Div
MAJOR ORDINARY SHAREHOLDERS as at 21 Aug 2020 3063
Starwood XI Management, L.P. 29.61%
FIL Ltd. 6.09% 2099
Allan Gray Unit Trust Management (RF) (Pty) Ltd. 4.77%
1135
FINANCIAL STATISTICS 2015 | 2016 | 2017 | 2018 | 2019 | 2020
(Amts in GBP’000) Feb 20 Aug 19 Aug 18 Aug 17 Aug 16
Interim Final Final Final Final Recent Announcements
NetRent/InvInc 40 400 93 500 95 100 102 100 89 600 Monday, 14 September 2020: RDI, the income focused UK-REIT,
Int Recd - 200 200 3 400 6 300 will announce its results for the year ended 31 August 2020 on
Total Inc 40 400 93 700 95 300 105 500 95 900 Thursday 5 November 2020.
Tax - 300 800 3 900 1 100 There will be a webcast of the results presentation for analysts,
Attrib Inc - 17 500 - 77 600 88 900 66 100 7 900 together with Q&A at 9.00am (UK time), 11.00am (SA time),
TotCompIncLoss - 23 700 - 73 900 90 800 82 300 21 400 on Thursday 5 November 2020, which can be accessed via the
Hline Erngs-CO 17 000 31 000 45 100 47 300 32 600
Ord UntHs Int 639 700 685 600 803 300 740 400 699 800 homepage of the Company’s website: www.rdireit.com.
Minority Int 56 200 57 400 59 500 21 800 33 600 If you wish to speak to the managementteam post the announce-
TotStockHldInt 695 900 743 000 862 800 762 200 733 400 ment of the results, please contact Mike Watters, Chief
Investments 4 000 8 000 7 100 14 700 66 600 Executive Officer, on mwatters@rdireit.com
FixedAss/Prop 1 147 400 1 150 300 1 598 000 1 494 900 1 396 400 Conference call dial in numbers
Tot Curr Ass 273 600 298 100 66 100 95 600 58 700 United Kingdom (Local) : 020 3936 2999
Total Ass 1 445 100 1 475 000 1 693 900 1 624 600 1 538 700 United Kingdom (Toll Free) : 0800 640 6441
Tot Curr Liab 44 900 54 300 34 300 25 300 36 600 South Africa : 087 550 8441
PER SHARE STATISTICS (cents per share) All other locations : +44 20 3936 2999
EPS (ZARc) - 86.94 - 374.95 410.88 315.25 53.15 Participant Access Code: 185467
HEPS-C (ZARc) 85.05 150.72 208.92 221.50 212.60 Monday, 07 September 2020: RDI announced that it has exchanged
Pct chng p.a. 12.9 - 27.9 - 5.7 4.2 - 22.5
Tr 5yr av grwth % - - 20.2 22.5 - - contracts for the disposal of its UK retail parks portfolio of six
DPS (ZARc) - 190.05 233.95 228.05 305.65 assets (the “Portfolio”) for GBP156.9 million to M7 Real Estate
Pct chng p.a. - - 18.8 2.6 - 25.4 - 3.7 Ltd., on behalf of M7 Box+ II (the “Disposal”).
Tr 5yr av grwth % - - 6.7 - 0.1 - - The Disposal, which is a sale of the six associated special
NAV PS (ZARc) 3 362.32 3 333.79 4 052.73 3 404.05 3 709.30 purpose vehicles, is anticipated to complete in mid- October
3 Yr Beta 0.78 0.74 1.16 0.71 - 2020. The purchase price reflects a 3.0%. discount to the last
Price Prd End 2 315 1 882 3 235 3 285 4 190 reported 29 February 2020 values and a topped-up net initial
Price High 2 615 3 295 3 590 4 315 6 250 yield of 7.5%.
Price Low 1 841 1 813 2 610 2 700 3 760 The transaction is a significant milestone in the ongoing reposi-
RATIOS
RetOnSH Funds - 5.06 - 10.07 11.16 9.13 7.29 tioning of the Company’s portfolio and reflects a pro-forma
RetOnTotAss 5.52 6.41 5.64 6.42 5.90 reduction in the Group’s overall retail exposure to 11.8%. (29
Oper Pft Mgn 100.00 100.21 100.21 103.33 107.03 February 2020: 28.4%.), including the recently announced
Debt:Equity 1.03 0.94 0.92 1.08 1.06 disposal of the Schloss Strassen Center in Berlin. As previously
OperRetOnInv 7.02 8.07 5.92 6.78 6.16 announced, EUR50.5 million of German retail assets remain
SH Ret On Inv - 5.12 5.95 6.24 7.83 subject to disposal and are at various stages of negotiation.
Note: Aug ‘18 results have been re-presented on reclassification of the As at 29 February 2020, and as last reported, the Portfolio had
Europe segment as a discontinued operation. gross annualised rental income of GBP12.5 million, a WAULT
NUMBER OF EMPLOYEES: 56 of 7.3 years and occupancy of 98.4%.
DIRECTORS: FarrowMJW(snr ind ne), Ford S (ind ne), Nikolic K (alt),
Parrott M (ne), PeaceEA(ind ne), Tipper G R (Chair, ind ne),
Watters M J (CEO), Grant D (CFO)
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