Real Estate Investors (LON:RLE) Announces Quarterly Earnings Results

Real Estate Investors (LON:RLE) announced its quarterly earnings results on Tuesday. The company reported GBX (0.48) earnings per share for the quarter, Digital Look Earnings reports. Real Estate Investors had a net margin of 11.42% and a return on equity of 1.28%.

Real Estate Investors Price Performance

Shares of LON RLE opened at GBX 29.76 on Tuesday. The stock has a market capitalization of £52.03 million, a price-to-earnings ratio of 45.09 and a beta of 0.30. The firm’s 50 day simple moving average is GBX 31.35 and its 200-day simple moving average is GBX 31.91. Real Estate Investors has a 12 month low of GBX 27.33 and a 12 month high of GBX 33.80.

About Real Estate Investors

Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of mixed-use commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors. The portfolio has no material reliance on a single asset or occupier. On 1st January 2015, the Company converted to a REIT. Real Estate Investment Trusts are listed property investment companies or groups not liable to corporation tax on their rental income or capital gains from their qualifying activities.