Home Reit Plc

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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	-.--%		-.--%	-.--%

Jul. 03	EARNINGS AND TRADING: ActiveOps makes profit; Contango gets investment	AN
Jun. 21	Home REIT Sells 133 Properties for GBP11 Million	MT

Home REIT notes tenant of properties enters administration

June 04, 2024 at 09:34 am EDT

Home REIT PLC - London-based real estate company - Notes that Noble Tree Foundation Ltd, a tenant of 143 properties in its portfolio, enters into administration. Noble Tree, a "non-performing tenant," represents about 7% of rent demanded in April. Home REIT is working with AEW with the appointed administrator CBW Recovery LLP to arrange the surrender of Noble Tree's leases, and a handover of its tenancies. Underlying residents of the properties will not be impacted the by the surrender of the leases, Home REIT notes.

Current stock price: 38.05 pence

12-month change: down 96%

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Latest news about Home Reit Plc

EARNINGS AND TRADING: ActiveOps makes profit; Contango gets investment	Jul. 03	AN
Home REIT Sells 133 Properties for GBP11 Million	Jun. 21	MT
Home REIT sells 133 properties at auction for GBP11.4 million	Jun. 21	AN
Home REIT board to consider "more extensive realisation strategy"	Jun. 17	AN
Home REIT Plc Announces the Appointment of Rod Day as Independent Non-Executive Director, Chair of Audit Committee, Member of Management Engagement Committee and Nomination Committee	Jun. 07	CI
Home REIT notes tenant of properties enters administration	Jun. 04	AN
EARNINGS AND TRADING: First Tin "consolidates" holdings in Taronga	May. 29	AN
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

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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)

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