Real Estate Investors offers maiden divi after rental income soars

Real Estate Investors, a West Midlands based property group, almost doubled its rental income for the half year ended June 30th, prompting the company to offer a maiden dividend of 0.5p per share.

Real Estate Investors, a West Midlands based property group, almost doubled its rental income for the half year ended June 30th, prompting the company to offer a maiden dividend of 0.5p per share.

Rental income rose 48% to £2.67m (H1 2011: £1.81m), contributing to a pre-tax profit of £0.556m compared to a loss of £1.88m the same period the previous year.

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