Fund Manager Summary
Region Re Ltd (ASX:RGN) is viewed favorably by fund managers, particularly Milford Asset Management, highlighting its strong defensive position due to its portfolio of convenience-based retail assets, primarily neighborhood centers anchored by major supermarkets like Woolworths and Coles. With a share price around $2.32 and a 6% dividend yield, the stock is deemed attractive, though recent price movements have moderated its appeal. Fund managers emphasize the company’s undergeared balance sheet and ongoing capital management initiatives as structural advantages. However, market pressures and the impact of previous rallies on yield attractiveness are notable risks. Overall, the consensus underscores Region Re's resilient income streams and strategic positioning, suggesting cautious optimism for investors.
Source: Trading View
Commentary From The Managers
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Commentary From The Managers
Milford Asset Management
30 Apr 2025
$2.32
Summary
- Region Group (+12.1%) focuses on convenience-based retail assets, primarily neighbourhood centres.
- Approximately 50% of income is generated from anchor tenants like Woolworths and Coles.
- Region is considered a preferred defensive exposure by Milford Asset Management.
- The company has an undergeared balance sheet and is implementing a capital management program.
- The current 6% dividend yield remains attractive, although slightly diminished after the recent rally.
The completeness, accuracy or current status of the investments referenced are not guaranteed.
Frequently Asked Questions
Who is investing in Region Re Ltd (ASX:RGN)?
Fund managers including Milford Asset Management have invested in Region Re Ltd (ASX:RGN).
Why do fund managers invest in Region Re Ltd?
Fund managers invest in Region Re Ltd due to its focus on convenience-based retail assets, primarily neighborhood centers anchored by supermarkets like Woolworths and Coles. The company offers a defensive investment profile, supported by an undergeared balance sheet and an ongoing capital management program. With a 6% dividend yield, Region Re Ltd remains appealing, particularly for those seeking income stability, despite recent price rallies.
What happened to Region Re Ltd (ASX:RGN)?
There have been no recent updates from fund managers regarding Region Re Ltd although fund managers including Milford Asset Management have previously commented.
What is the short interest in Region Re Ltd (ASX:RGN)?
The short interest in Region Re Ltd (ASX:RGN) is 0.50% which makes it the 274th most shorted stock on the ASX. Of the 1.2B shares that Region Re Ltd has on issue, 5.8M have been sold short.
What does Region Re Ltd (ASX:RGN) do?
Region Re Ltd is a company focused on the acquisition, exploration, and development of mineral properties, primarily in the gold sector. It operates projects such as the Plutonic Gold Mine and Bendigo Gold, engaging in the production of gold as part of its core activities. The company has a geographic focus in Australia, specifically in Victoria, Tasmania, and Western Australia.