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Region Group (ASX:RGN) Other Assets for Insurance Companies


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What is Region Group Other Assets for Insurance Companies?

Other Assets for Insurance Companies only applies to insurance companies.


Region Group (ASX:RGN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Region Group (ASX:RGN) » Definitions » Other Assets for Insurance Companies
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.