Home Reit Plc

HOME

GB00BJP5HK17

Residential REITs

Market Closed - London S.E. Other stock markets 02:30:01 2023-01-03 am EST			5-day change	1st Jan Change
38.05 ^GBX	-.--%		-.--%	-.--%

May. 10	Home REIT sells 5% of property portfolio amid investor fraud case	AN
May. 10	Home REIT Sells 76 Properties for GBP15 Million	MT

Home REIT sells 5% of property portfolio amid investor fraud case

May 10, 2024 at 09:20 am EDT

(Alliance News) - Home REIT PLC on Friday announced that following a public auction it had exchanged on the sale of 76 properties in its portfolio.

The London-based real estate company said it will generate GBP14.6 million from the sales, 12% below August valuations.

This latest round of divestment represented 4.5% of Home REIT's portfolio, and brings the company's total proceeds from the 585 sold and 262 exchanged properties since August 2023 to GBP125.8 million.

Legal proceedings against Home REIT remain ongoing following claims that the company provided information to investors which was "false, untrue and/or misleading."

"The company intends vigorously to defend itself in respect of the threatened litigation and has denied the allegations made against it," Home REIT said.

Home REIT shares are currently suspended from trading in London.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Home Reit Plc

Home REIT sells 5% of property portfolio amid investor fraud case	May. 10	AN
Home REIT Sells 76 Properties for GBP15 Million	May. 10	MT
An unknown buyer acquired 76 properties from Home Reit Plc for £14.6 million.	May. 09	CI
Home REIT cuts borrowings, Genflow shares restored	May. 08	AN
Embattled Home REIT sells further 65 properties for GBP16 million	Apr. 19	AN
An undisclosed buyer acquired 65 Properties from Home Reit Plc for £15.9 million.	Apr. 18	CI
Home REIT begins legal action against former investment fund manager	Apr. 18	AN
Home REIT Vows Defense Against Allegations of Misleading Investors	Apr. 18	MT
Home Reit plc Announces Appointment of Peter Williams as Senior Independent Non-Executive Director	Apr. 02	CI
EARNINGS AND TRADING: Northamber loss widens; Ethernity contract boost	Mar. 28	AN
Home REIT continues to aim for shares restoration as annual rent falls	Mar. 06	AN
Home REIT sells further GBP5.6 million in properties at cut price	Feb. 15	AN
Home REIT Sells 117 Properties at Auction	Feb. 15	MT
Home REIT "will cooperate fully" as FCA starts long-awaited probe	Feb. 13	AN
UK's FCA starts probe into Home REIT	Feb. 13	RE
Home REIT plc Announces Notification of Investigation by the Financial Conduct Authority	Feb. 13	CI
Home REIT sells further 103 properties for GBP6.6 million	Jan. 24	AN
Home REIT Auctions 103 Properties	Jan. 24	MT
An unknown buyer agreed to acquire Home Reit Plc, 103 properties for £6.6 million.	Jan. 23	CI
EXECUTIVE CHANGES: Eco Buildings chair leaves and vice chair ousted	Jan. 18	AN
Home REIT Names Successor to Outgoing Chair	Jan. 18	MT
UK Stocks-Factors to watch on Jan 18	Jan. 18	RE
UK's Home REIT appoints new chair as board members set to step down	Jan. 18	RE
Home REIT plc Appoints Michael O'Donnell as New Independent Non-Executive Chair	Jan. 18	CI
Home REIT exchanges additional 81 properties in December	Jan. 08	AN

Chart Home Reit Plc

Duration

Period

More charts

Company Profile

Home REIT plc funds the acquisition and creation of properties across the United Kingdom that are dedicated to providing accommodation to homeless people. The Company's investment objective is to stabilize its financial condition through initiatives to maximize income and capital returns by investing in a portfolio of United Kingdom residential real estate. It will invest in assets directly or through holdings in special purpose vehicles and will seek to acquire properties. The Company will look to appoint specialist third-party service providers for the delivery of repairs, refurbishment, fire safety and building maintenance services where required. It will neither undertake any direct development activity nor assume direct development risk. The Company may invest in fixed-price forward funded developments, provided they are pre-let to an acceptable tenant and full planning permission is in place. The Company's investment manager is AEW UK Investment Management LLP.

Sector

Residential REITs

Calendar

2024-11-06 - Q4 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Sector Residential REITs

	1st Jan change	Capi.
HOME REIT PLC	-.--%	383M
AVALONBAY COMMUNITIES, INC.	+4.18%	28.06B
EQUITY RESIDENTIAL	+7.11%	25.11B
INVITATION HOMES INC.	+1.81%	21.43B
ESSEX PROPERTY TRUST, INC.	+4.64%	16.88B
MID-AMERICA APARTMENT COMMUNITY, INC.	-0.19%	15.89B
SUN COMMUNITIES, INC.	-10.99%	15.26B
AMERICAN HOMES 4 RENT	+0.43%	13.32B
UDR INC.	+1.83%	13.04B
EQUITY LIFESTYLE PROPERTIES, INC.	-11.38%	11.95B