Regional REIT (LSE:RGL) Piotroski F-Score: 7 (As of Jun. 25, 2026) — 40% Above Median


LSE:RGL Regional REIT Ltd LSE:RGL
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What is Regional REIT Piotroski F-Score?

Regional REIT LSE:RGL 27 Piotroski F-Score is 7 as of Jun. 25, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates LSE:RGL with a GF Score™ of 27/100. The stock has 1 warning sign investors should review. Among 888 REITs companies, Regional REIT ranks better than 92.12% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Regional REIT has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Regional REIT's Piotroski F-Score or its related term are showing as below:

LSE:RGL' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 7

During the past 11 years, the highest Piotroski F-Score of Regional REIT was 7. The lowest was 3. And the median was 5.

Regional REIT  (LSE:RGL) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Regional REIT Piotroski F-Score Related Terms


Regional REIT Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Regional REIT's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Regional REIT Piotroski F-Score Chart

Regional REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 4.00 4.00 7.00 7.00

Regional REIT Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 0.00 7.00 0.00 7.00

LSE:RGL vs BXP, ARE, VNO: Piotroski F-Score Comparison

For the REIT - Office subindustry, Regional REIT's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Regional REIT Piotroski F-Score vs REITs Industry

For the REITs industry and Real Estate sector, Regional REIT's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Regional REIT's Piotroski F-Score falls into.


LSE:RGL
27GF Score
Regional REIT Ltd LSE:RGL
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was £-16.35 Mil.
Cash Flow from Operations was £12.01 Mil.
Revenue was £-11.01 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (722.133 + 636.576) / 2 = £679.3545 Mil.
Total Assets at the begining of this year (Dec24) was £722.13 Mil.
Long-Term Debt & Capital Lease Obligation was £273.73 Mil.
Total Assets was £636.58 Mil.
Total Liabilities was £317.29 Mil.
Net Income was £-39.54 Mil.

Revenue was £-33.29 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (782.418 + 722.133) / 2 = £752.2755 Mil.
Total Assets at the begining of last year (Dec23) was £782.42 Mil.
Long-Term Debt & Capital Lease Obligation was £323.77 Mil.
Total Assets was £722.13 Mil.
Total Liabilities was £370.52 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Regional REIT's current Net Income (TTM) was -16.35. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Regional REIT's current Cash Flow from Operations (TTM) was 12.01. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec24)
=-16.352/722.133
=-0.02264403

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-39.539/782.418
=-0.05053437

Regional REIT's return on assets of this year was -0.02264403. Regional REIT's return on assets of last year was -0.05053437. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Regional REIT's current Net Income (TTM) was -16.35. Regional REIT's current Cash Flow from Operations (TTM) was 12.01. ==> 12.01 > -16.35 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=273.731/679.3545
=0.40292807

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=323.767/752.2755
=0.43038355

Regional REIT's gearing of this year was 0.40292807. Regional REIT's gearing of last year was 0.43038355. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Dec25)=Total Assets/Total Liabilities
=636.576/317.29
=2.00629078

Current Ratio (Last Year: Dec24)=Total Assets/Total Liabilities
=722.133/370.519
=1.94897698

Regional REIT's current ratio of this year was 2.00629078. Regional REIT's current ratio of last year was 1.94897698. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Regional REIT's number of shares in issue this year was 162.088. Regional REIT's number of shares in issue last year was 118.199. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=-16.352/-11.014
=1.48465589

Net Margin (Last Year: TTM)=Net Income/Revenue
=-39.539/-33.291
=1.18767835

Regional REIT's net margin of this year was 1.48465589. Regional REIT's net margin of last year was 1.18767835. ==> This year's net margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=-11.014/722.133
=-0.01525204

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=-33.291/782.418
=-0.04254887

Regional REIT's asset turnover of this year was -0.01525204. Regional REIT's asset turnover of last year was -0.04254887. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+1+1+1+1+0+1+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Regional REIT has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Regional REIT (LSE:RGL) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Regional REIT and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Regional REIT's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Regional REIT ranks #70 out of 888 companies in the REITs industry, placing it in the top 7.9%.
Is Regional REIT's Piotroski F-Score too high?
Regional REIT's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The REITs industry median Piotroski F-Score is 6.00. Regional REIT's value of 7 is 16.7% above this industry median. Based on the distribution chart, Regional REIT ranks #70 out of 888 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Regional REIT has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Regional REIT's Piotroski F-Score compare to BXP and ARE?
According to the REITs industry distribution chart, Regional REIT ranks #70 out of 888 companies for Piotroski F-Score. This places Regional REIT in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Regional REIT's value of 7 is 16.7% above this benchmark. Historically, Regional REIT's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Regional REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 888 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Regional REIT's current Piotroski F-Score of 7 is 16.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Regional REIT and its competitors. For the REITs industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Regional REIT's current Piotroski F-Score is 7, which is 40% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Regional REIT stock overvalued right now?
Regional REIT (LSE:RGL) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 16.7% above the REITs industry median of 6.00. Regional REIT's overall GF Score™ is 27/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Regional REIT (LSE:RGL), the current Piotroski F-Score is 7 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Regional REIT Business Description

Industry Real EstateREITs
Address Bulwer Avenue, Mont Crevelt House, St. Sampson, GGY, GY2 4LH
Regional REIT Ltd is a real estate investment trust which pursues its investment objective by investing in, actively managing, and disposing of regional Core Property and Core Plus Property assets. It aims to deliver an attractive total return to its shareholders, targeting more than ten percent per annum, focusing on income supported by an additional capital growth prospectus. Its commercial property portfolio is comprised wholly of UK assets, and offices are located in regional centers outside the M25 motorway.
27GF Score

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