Its pretty extraordinary how they've moved the EPC rating up so significantly without spending much money. If it was that simple why have they been dragging their feet.
Anyhow appreciate your post and the analysis and agree the office isn't dead but this still has someway to go yet before its investible again. They need to cull the divi (6m/qtr) and stick some sellable assets on the mkt to redeem the bond as any thought of refi is just doubling down on the misery they've inflicted on shareholders.
It's interesting to see other perspectives on RGL. I came across this Substack today:
https://1trueinvesting.substack.com/p/regional-reit-lon-rgl
Its pretty extraordinary how they've moved the EPC rating up so significantly without spending much money. If it was that simple why have they been dragging their feet.
Anyhow appreciate your post and the analysis and agree the office isn't dead but this still has someway to go yet before its investible again. They need to cull the divi (6m/qtr) and stick some sellable assets on the mkt to redeem the bond as any thought of refi is just doubling down on the misery they've inflicted on shareholders.