Glenstone Reit

What Glenstone Reit does

Glenstone REIT plc is an internally managed, diversified UK Real Estate Investment Trust listed on The International Stock Exchange (TISE) under ticker GREI. Founded in 1970, the company has operated in the UK property investment sector for over 50 years, holding a portfolio of 82 commercial, retail, and industrial properties with a Net Asset Value of £137m as of March 2025. Tenants include Travis Perkins, B&M, Halfords, Howdens, Wickes, Jewson, Co-op, DX, Airbus Helicopters, Ambipar Response, and Price's Candles across UK locations including Kidderminster, Ipswich, Rushden, Barnsley, Nuneaton, Bedford, Loughborough, and Aberdeen.

Glenstone generates revenue primarily through rental income from its diversified UK property portfolio, which is distributed to shareholders as Property Income Distributions (18p per share in June 2026 and 15p per share in March 2026). The company reported a Total Accounting Return of 6.3% as of March 2025. Its go-to-market is investor relations-focused: investor communications, press releases via its website, and stock exchange announcements. Shares trade on TISE with a recent mid price of 9.85p (bid 9.35p, ask 10.35p).

The company's stated strategy is to continue expanding its portfolio through the acquisition of investment assets and privately-owned property investment companies based in the UK. On 12 June 2026, Glenstone announced an all-cash offer to acquire the entire issued and to be issued ordinary share capital of Alternative Income REIT plc (AIRE) that the Glenstone Group does not already hold, signalling an active inorganic growth posture. The firm operates without an external manager and has no disclosed parent company.

Name

Glenstone Reit

Legal name

Glenstone REIT plc

Website

https://glenstoneproperty.co.uk

Company type

Public

Founded year

1970

Operating status

Operating

Headcount range

11–50 employees

Short description

Glenstone REIT plc is an internally managed UK Real Estate Investment Trust listed on TISE under ticker GREI. It owns and leases a diversified £137m portfolio of 82 UK commercial, retail, and industrial properties, paying Property Income Distributions to shareholders.

Ownership category

akta.pro rank

Product category

Real Estate Investment Trust

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (525990)

SIC

Real Estate Investment Trusts (6798)

akta.pro primary industry

REITs & Listed Real Estate Securities (FSAAAKAD)

akta.pro secondary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

Keywords

• Commercial property investment
• Real estate investment trust
• UK property portfolio
• Property income distributions
• Diversified real estate

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Property Rental Income: Rental income from a diversified portfolio of 82 UK properties including commercial, retail, and industrial assets. Revenue is distributed to shareholders as Property Income Distributions (e.g., 18p per share in June 2026, 15p per share in March 2026).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Glenstone REIT plc is an internally managed, diversified UK Real Estate Investment Trust that acquires and manages a portfolio of 82 UK commercial, retail, and industrial properties. The company generates rental income which is distributed to shareholders as Property Income Distributions, and expands its asset base through acquisitions of investment assets and privately-owned property investment companies based in the UK.

Product overview

Glenstone REIT plc is an internally managed, diversified UK Real Estate Investment Trust (REIT) listed on The International Stock Exchange (TISE). The company operates a portfolio of investment properties across the UK, including commercial, retail, and industrial assets. Key service offerings include property investment management, portfolio acquisition (including acquisitions of privately-owned property investment companies), and Property Income Distributions to shareholders. The company also announced an all-cash offer for Alternative Income REIT plc (AIRE).

Differentiator

Problem solved

Functional benefit

Products and services

• UK Commercial Property Portfolio A diversified portfolio of 82 UK commercial, retail, and industrial properties leased to enterprise tenants, generating rental income for distribution to shareholders.
• Property Income Distributions Regular income distributions to shareholders derived from the rental income of the underlying UK property portfolio, declared and paid on a periodic basis.
• Investment Property Acquisitions Acquisition of UK investment assets and privately-owned property investment companies to expand the REIT's portfolio and grow Net Asset Value.

Quantifiable outcome

• Total Accounting Return of 6.3% as of March 2025

Named customers14 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Alternative Income REIT plc (AIRE)coreStrategic or Co-development Partner · 12 June 2026On 12 June 2026, Glenstone REIT announced an all-cash offer to acquire the entire issued and to be issued ordinary share capital of Alternative Income REIT plc that Glenstone Group does not already hold. This represents a strategic acquisition to expand Glenstone's portfolio through the takeover of another REIT.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Alternative Income REIT plc: Small-cap UK diversified REIT focused on commercial property. Direct peer as Glenstone REIT has announced an all-cash takeover of AIRE (12 June 2026); both operate internally managed, UK-only commercial property portfolios with similar scale.
• Custodian REIT plc: UK diversified REIT investing across regional commercial real estate. Comparable to Glenstone in its internally managed approach, diversified UK property focus, and small/mid-cap listed REIT status.
• Regional REIT plc: UK REIT focused on regional office assets with diversified occupier base. Comparable to Glenstone in being a UK-listed internally managed REIT of similar small-cap scale serving commercial occupiers.
• Picton Property Income Limited: UK diversified commercial property REIT. Directly comparable to Glenstone in offering diversified UK commercial real estate exposure and distributing income to shareholders via regular dividends.
• Schroder Real Estate Investment Trust: UK REIT with diversified portfolio across industrial, retail, office and other commercial assets. Peer to Glenstone in operating a UK-only diversified commercial property portfolio for income-driven returns.
• BMO Real Estate Investments UK REIT: Small-cap UK diversified commercial property REIT. Comparable to Glenstone in targeting UK commercial real estate for income distribution to shareholders.
• UK Commercial Property REIT Limited: UK REIT investing in a diversified portfolio of UK commercial properties. Comparable to Glenstone in its UK-only, multi-sector commercial property focus and income distribution model.
• Real Estate Investors plc: UK-focused commercial property investment company. Directly comparable to Glenstone in acquiring and managing a diversified portfolio of UK income-producing commercial assets.

Broad incumbents

• Helical plc: UK-based real estate investment and development company with broader development activities alongside investment. Overlaps with Glenstone in UK commercial real estate investment but operates at larger scale and includes development.
• Land Securities Group plc: Large UK REIT operating a diversified commercial property portfolio. Comparable at the category level to Glenstone as a UK REIT but operates at much greater scale across office, retail, and mixed-use assets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/glenstone-reit-plc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Glenstone Reit