REI enjoys continued sales success, results reveal
Real Estate Investors plc (REI) has sold £26.9 million of assets, primarily to private investors, since announcing January 2024, it was announced today as the company revealed its results.
The Birmingham-based Real Estate Investment Trust today (Tuesday March 24) announced its final results to December 31 2025, and has committed to selling further assets in 2026.
The figures show 2025’s underlying profits were £2.9 million for the financial year. The business also paid a dividend of 1.6p per share in respect of 2025, with dividends declared/paid since the commencement of the company’s dividend policy in 2012 now totalling £56.7 million.
Paul Bassi, chief executive of REI plc, said: “Since announcing our orderly sales programme in January 2024, the market has seen unprecedented low levels of investment sales activity throughout 2024/2025, and a particularly slow final quarter of 2025, caused by the uncertainty in the lead up to the November 2025 UK Budget.
“This has resulted in our sales and debt repayment being slower than anticipated. Despite these challenges, REI has remained disciplined in the execution of its orderly sales programme, completing and contracting disposals totalling £18.9 million in 2024 and £8 million in 2025, while continuing to pay a covered dividend throughout the sales process.”
He said the board remained very focused on concluding its sales strategy within the three year time frame and REI would be placing further assets in the market throughout 2026 to achieve the firm’s stated objective.
He added: “More recently, we are mindful of the impact of the conflict across the Middle East and the effect this may have over the coming months on inflation, interest rates and market conditions. Should a further extension to realise value and return capital to our shareholders be necessary in the pursuit of maximising shareholder value, we shall advise in due course.
“In the meantime, management remain open to all options that align with the best interests of shareholders, including the sale of the entire portfolio.”
During the year, REI reported robust rental collections of 99.28 per cent with contracted rental income of £8.3 million per annum. There is a healthy pipeline of new sales in legals of £5.4 million as at March 2026.
As at December 2025 31, REI held a remaining portfolio of approximately 950,423 sq ft across 34 assets and 119 occupiers, with a combined valuation of £115.7 million.
REI is actively marketing £61.5 million of predominantly retail mixed-use assets, where market demand has improved, and the remaining portfolio of £47.2 million is scheduled for sale in 2026 on completion of ongoing asset management initiatives and improving market conditions.
