The Lemon Fool

FredBloggs wrote:

torata wrote:There's been a lot in the press recently about the retail sector in the doldrums, and CVAs etc being used to renegotiate downward rents. I wonder what's the impact on which REITs and PropCos? Are we going to start seeing reports of depressed earnings?
(context: I was thinking of adding a REIT to my HYP to complement BLND)

torata

I think you might. I am a big fan of RGL in the property sector. I believe it will be largely unaffected by anything happening in London or the general high street. The management continue to quietly do some outstanding deals. The yield is very high and the trust trades at a discount. I think in the medium to longer term there is scope either for a significant rerating of the share price and/or decent returns of capital to investors. While I wait, just feel the weight of those quarterly dividends. I really hold too much RGL. I can't help myself.