Real Estate Investors plc (RLE) 2019年年度报告「LSE」.pdf

1、AnnuAl RePoRT And ACCounTs 2019THe MIdlAndsInVesToRCGI of the new HS2 Curzon Street Station,Birmingham“Another excellent set of results,reflecting the unique position of ReI in a vibrant and transformational regional economy.ReI will benefit further from the emergence of Hs2 and the upcoming 2022 Co

2、mmonwealth Games,both of which will spearhead future prosperity for the Midlands.”Andy StreetMayor of the West MidlandsINTRODUCTIONReAl esTATe InVesToRs PlCReI Plc is the uKs only Midlands-focused,Birmingham-based ReIT.uniquely positioned in a regional economy that is enjoying a period of rebirth,th

3、e Company has built a diverse,attractive and well-occupied portfolio of mixed-use commercial assets,valued at 228.9 million.The Company operates a robust business model with a proven track record of delivering consistent returns.ContentsStrategic ReportAt a Glance 1our Progress 2our Investment Propo

4、sition 4simplified debt 5our Performance 6delivering Returns 8Property Report 9our Business Model 12Chairmans&Chief executives Review 14our Region 16our Portfolio 20Business Model in Action 24Finance directors Report 28Principal Risks and uncertainties 30GovernanceBoard of directors and Management 3

5、2Corporate Governance Report 34directors Remuneration Report 38directors Report 40Financial StatementsIndependent Auditors Report to the Members of Real estate Investors Plc 41Consolidated statement of Comprehensive Income 45Consolidated statement of Changes in equity 46Company statement of Changes

6、in equity 46Consolidated statement of Financial Position 47Company statement of Financial Position 48Consolidated statement of Cash Flows 49Company statement of Cash Flows 50notes to the Financial statements 51our Advisers 711REAL ESTATE INvESTORS PLC Annual Report and Accounts 2019Financial Stateme