REI

What REI does

Real Estate Investors Plc (REI) is a UK AIM-listed Real Estate Investment Trust (REIT, ticker RLE) focused exclusively on commercial property in the Midlands region. The company manages a portfolio of 34 mixed-use commercial assets totalling approximately 950,423 square feet and 119 occupiers, with gross property assets of £115.7 million as of 31 December 2025. The portfolio is diversified across office (51.33% of contracted rental income), traditional retail (12.19%), discount retail (9.61%), food and beverage (3.65%), and medical/pharmacy (5.90%) sectors. REI was originally founded in 2004 and converted to REIT status on 1 January 2015, headquartered at 75-77 Colmore Row, Birmingham.

REI generates revenue primarily through rental income from its diversified commercial property portfolio (£8.3 million p.a. contracted rent at year-end), supplemented by surrender premiums when tenants exit leases early (£620,000 in FY2025) and capital proceeds from an orderly strategic disposal programme initiated in January 2024 that targets full portfolio exit over three years, with initial focus on debt repayment. The company is internally managed by a small team (1-10 employees) led by CEO Paul Bassi (10.87% holder) and Finance Director Marcus Daly (2.80% holder), with banking facilities from NatWest (£22.4M), Lloyds (£9.6M) and Barclays (£2.2M), and a current LTV of 30.2% (24.8% net of cash). It distributes quarterly Property Income Distributions totalling 1.6p per share for FY2025 (a 5.2% yield).

The go-to-market operates on two parallel tracks: direct property leasing to commercial tenants via property agents, and selective asset disposals to private investors, owner-occupiers, and developers in the private investor market where demand has remained resilient. Customer and shareholder communications are run through RNS regulatory news, annual and interim reports, AGM meetings, and the corporate website (reiplc.com), reflecting a governance-led rather than product-marketing-led approach. FY2025 results show £8.0 million of contracted or completed sales at 95.93% of December 2024 valuations, a 31% reduction in landlord-controlled carbon emissions, and the AGM held on 20 May 2026 passed all resolutions with 97.32%-99.98% support.

Name

REI

Legal name

Real Estate Investors Plc

Website

https://reiplc.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Real Estate Investors Plc (REI) is a UK AIM-listed Midlands-focused REIT (LSE: RLE) managing 34 mixed-use commercial assets (~950,000 sq ft, 119 occupiers, £115.7M gross assets) while executing an orderly three-year disposal programme to repay debt and return capital to shareholders.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment (REIT)

NAICS

Nonresidential Property Managers (531312), Other Financial Vehicles (525990), Portfolio Management and Investment Advice (52394)

SIC

Real Estate Investment Trusts (6798), Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

REITs & Listed Real Estate Securities (FSAAAKAD)

akta.pro secondary industries

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ), Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

Keywords

• Commercial property investment
• Real estate investment trust
• Property asset management
• Commercial property leasing
• UK midlands portfolio

Headquarters

HQ city

Birmingham

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Others

Revenue model

1. Rental income from commercial property portfolio: Real Estate Investors Plc generates revenue primarily through rental income from its mixed-use commercial property portfolio across the UK Midlands region. The portfolio includes office, retail, medical, food & beverage, financial services, and other commercial tenants. Revenue for FY 2025 was £9.4 million (FY 2024: £10.8 million).
2. Surrender premiums: The company generates additional revenue from surrender premiums when tenants surrender leases early. This contributed £620,000 to FY 2025 revenue (FY 2024: £535,000).
3. Property disposal gains/losses: Revenue is also generated through the sale of investment properties as part of the company's orderly strategic sales programme. Property disposals resulted in a deficit after costs of £482,000 in FY 2025.

Pricing tiers

Distribution channels2 records

Marketing channels4 records

Core offering

Real Estate Investors Plc operates as the UK's only Midlands-focused Real Estate Investment Trust (REIT), holding and leasing a portfolio of 34 mixed-use commercial properties (office, retail, medical, food & beverage, financial services, and other sectors) across the UK Midlands region. The company generates rental income from approximately 119 occupiers, complemented by surrender premiums and an orderly strategic disposal programme that sells investment properties to private investors, owner-occupiers, and developers over a multi-year horizon. Internally managed asset management activities cover lease events, rent reviews, lease renewals, and new lettings across the retained portfolio.

Product overview

Real Estate Investors Plc (REI) is a UK-based Real Estate Investment Trust (REIT) that operates as a single unified commercial property investment platform. The core offering is a diversified portfolio of commercial properties across the Midlands region, comprising office buildings, traditional retail units, discount retail, medical/pharmaceutical facilities, food and beverage establishments, financial services offices, food stores, and other commercial assets including hotels and car parking. The company offers asset management services to optimize the portfolio and a strategic property disposal programme for orderly portfolio sales. REI does not offer technology products or consumer software services.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Property Investment Portfolio Diversified commercial property investment portfolio of 34 mixed-use assets across the UK Midlands, leased to approximately 119 occupiers and generating £8.3 million per annum of contracted rental income. Target investors are shareholders of the AIM-listed REIT.
• Property Disposal Programme

Quantifiable outcome

• 99.28% rent collection rate achieved in FY 2025
• +3 more outcomes

Named customers20 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• SystemslinkcoreTechnology or IntegrationEnergy monitoring software provider partnering with REI to collect consumption data across the portfolio for measuring and reporting carbon emissions as part of ESG initiatives.
• GMA Trucking (Center for Green Market Activation)minorStrategic or Co-development PartnerREI Co-op (a different REI entity) partnered with GMA Trucking to drive adoption of zero-emission heavy-duty vehicles, participating in joint procurement initiative with approximately 250 Class 8 battery electric or hydrogen fuel cell trucks. Note: This appears to be a different REI entity (Recreational Equipment Inc.).

Scale indicators15 records

Recent moves8 records

Expansion highlights3 records

Direct peers

• Helical plc: UK-listed REIT investing in commercial real estate with an active asset management and repositioning approach. Comparable in office-skewed portfolio and mid-cap profile.
• Regional REIT Limited: AIM-listed UK regional office-focused REIT of similar small-mid market cap. Directly comparable as a regionally focused, internally managed UK commercial property REIT pursuing active asset management.
• Balanced Commercial Property Trust: UK-listed diversified commercial property trust. Comparable in mandate across UK office, retail, and industrial sub-sectors within a small-mid cap structure.
• Custodian Property Income REIT: UK-listed diversified commercial property REIT focused on smaller lot-size regional assets. Highly comparable in scale, mandate, and focus on UK regional commercial property income.
• Schroder Real Estate Investment Trust: UK-listed externally managed REIT investing in UK commercial property. Comparable in diversified UK commercial property mandate and mid-cap REIT structure.
• Ediston Property Investment Company: UK-listed REIT focused on UK commercial property. Comparable as a smaller-cap internally managed REIT pursuing active asset management and capital recycling.
• Picton Property Income Limited: UK-listed diversified commercial property REIT investing across regions. Comparable as a smaller-cap internally managed UK REIT focused on commercial real estate income and active asset management.

Broad incumbents

• Land Securities Group plc: Major UK-listed REIT with large-scale office and retail portfolios. Comparable as a UK commercial property REIT investor/landlord but at materially larger scale and broader geographic footprint.
• Target Healthcare REIT: UK-listed specialist REIT. Comparable as a smaller-cap UK REIT structure delivering covered dividends, though focused on a different property sub-sector (healthcare).
• British Land Company plc: One of the largest UK-listed REITs operating diversified UK commercial property portfolios. Comparable as a UK commercial property REIT but with significantly greater scale and broader sector exposure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/reiplc
• LinkedInlinkedin.com/company/real-estate-investors-plc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

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 REI