Shares in Regional REIT rose by 2.2% today, after the company posted a rise in half-year profit and said the outlook for tenants returning to the office is improving.
Stephen Inglis, chief executive of London and Scottish Property Investment Management, which manages the REIT, said: “Regional REIT is now poised to benefit from an anticipated change in sentiment as most employees return to their offices.”
Its shares ended the day at 88.3p.
Housebuilders were among the day’s biggest real estate risers despite today’s news of falling house prices, with boosts of 2%+ for Countryside, Crest Nicholson, Vistry and Redrow.
The biggest property fall was from Capital & Regional, which fell by almost 9% to a seven-month low of 58.4p.
The FTSE 100 closed up 0.2% at 7,027, with a 0.9% rise for the FTSE 250 at 22,632.
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