Regional REIT’s portfolio value has risen 3.7% in a year to £749.7m at 30 September.
In a Q3 trading update it said the portfolio comprised 156 properties, 1,224 units and 864 tenants.
This compares to 153 properties, with 1,246 units and 915 tenants in 2018.
Its gross rent roll hit £60.2m pa, up 1.3% from £59.4m.
Offices now make up a larger share of the portfolio at 78.5%, with industrial at 14.1% and retail at 6%.
EPRA occupancy increased to 88.5%. Like-for-like occupancy increased to 87.7%, against 87.5% last year.
It has reduced its net loan-to-value to 34.2%, compared to 37.1% in 2018.
The group expects to invest proceeds from its oversubscribed July equity raise with proceeds to be fully deployed on schedule.
Stephen Inglis, chief executive of London & Scottish Property Investment Management, the asset manager of Regional REIT, said: “We see continued strong demand for our existing assets, with a high level of letting renewals to existing tenancies at strong rental levels. In particular, the outlook for regional offices is strong as returns continue to strengthen.”
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