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Region Group (ASX:RGN) Allowance For Loans And Lease Losses


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What is Region Group Allowance For Loans And Lease Losses?

Allowance For Loans And Lease Losses only applies to banks.


Region Group (ASX:RGN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Region Group (ASX:RGN) » Definitions » Allowance For Loans And Lease Losses
Traded in Other Exchanges
Address
50 Pitt Street, Level 6, Sydney, NSW, AUS, 2000
Region Group owns a portfolio of smaller shopping centres. About half of rental income comes from anchor tenants, typically Woolworths or Coles businesses, or in some cases discount department stores. The assets are mostly in regional or suburban areas of Australia, and the group divested its New Zealand assets in 2016. The portfolio assets are neighbourhood (about 75% by value) and subregional shopping centres (25%). It also has a small amount of income from funds management.