FoggyIsle.XYZ | Market's view on REI

Stock Watcher expressed concern over potential cuts to future dividends and the ongoing disposal of assets to reduce debt.
Stock Watcher highlighted issues with selling off parts of the portfolio, particularly in areas like Crewe, due to the difficulty in finding buyers for the remaining less desirable units.
There is speculation about another potential candidate for CREI after a previous rejection, indicating strategic acquisition attempts.
A discussion on the likelihood of selling out to a bidder, with estimates that bids could be expected in the range of 40 to 45p, despite a net asset value of 55p.
Observations were made on recent property sales contributing to debt reduction, which is critical as loans have lost hedging protection resulting in increased average interest rates.
The divestment process is expected to take up to three years, with the company’s strategy focused on individual sales or small portfolio sales to repay debt.
There is a new Shorter Term Incentive Plan introduced to retain key executives and incentivise the disposal of assets effectively, with potential bonus payouts based on profit margins achieved within set timeframes.
Concerns were raised about the management’s remuneration structure being overly generous, especially given the company’s performance and strategic sell-off plans.
Discussions about the potential for a private buyout or a merger, considering the unexciting nature of the current portfolio and its shrinking size.
Updates on regular asset sales, with particular mention of the Market Centre in Crewe, and the role of Bond Wolfe in managing these transactions, hinting at a strategic slimming down of the portfolio for easier management or potential private acquisition by the Bassi family.