Home REIT Financial News

13.02 / 13:59

investigation FCA Investment trusts Home REIT FCA opens investigation into Home REIT

Home REIT said it will collaborate with the FCA in its work

15.02 / 09:29

property investigation FCA Investment trusts Home REIT Home REIT sells additional 117 properties for £5.6m

An additional property is expected to be entered into a public auction on 15 February.

25.01 / 11:46

People moves Home REIT exits Former Alvarium Home REIT Advisors director Jonathan Elkington exits AlTi Global

Elkington became an Alvarium director in 2009 and was a founding director of Alvarium Home REIT Advisors, Home REIT's former investment adviser.

24.01 / 08:59

Investment trusts Investment Trust Home REIT Home REIT sells another 103 properties for £6.6m

The gross proceeds from the sale were £0.6m (8.4%) below the draft August 2023 values, however Home REIT said, “positive and negative variations between the sales price and draft valuation are to be anticipated”.

18.01 / 09:31

property Investment trusts People moves Business roles social housing Home REIT Entire Home REIT board commits to step down on publication of results as chair Fennah replaced

The filing contained no information regarding a potential publication for the delayed results.

08.01 / 12:02

property Investment trusts Investment Trust AEW Home REIT Home REIT sells additional 98 properties for £26.5m

An additional 162 properties have been exchanged for sale at a total of £25.7m, which are expected to complete this month.

20.12 / 10:53

property Investment trusts social housing Home REIT £564m written off as Home REIT portfolio shrinks 58% in revaluation

The material reduction of £564m in valuation has been tied principally to a 'reassessment of the quality of assets', alongside the 'covenant strength of the tenants', many of which have entered liquidation.

05.12 / 09:31

property Investment trusts Alternatives AEW Home REIT Rent collection dwindles to 14% as further Home REIT tenant enters liquidation

As 30 November, Home REIT tenants in liquidation accounted for 16.3% of annual contracted rent.

28.11 / 11:59

Investment trusts AEW Home REIT Home REIT non-paying tenant surrenders leases on 38 properties

Home REIT said the majority of these properties are occupied by private rented sector tenants on assured shorthold tenancies, or ASTs, which will now transfer to the trust.

09.11 / 12:19

Investment trusts AEW Home REIT Home REIT sells a further 153 properties at 65% loss

The trust said the sold properties were identified as being in 'poor condition', largely vacant and requiring significant capital expenditure to meet the required standards.

06.11 / 09:21

Investment trusts AEW Home REIT Home REIT sells 14 properties at average 51% loss as inspections prolonged

In October, the trust collected 18% of rent invoiced, an increase on the previous period collection of 3%.

02.10 / 08:12

Investment trusts AEW Home REIT AEW re-tenants 10% of Home REIT portfolio as rent collection falls to 3%

Home REIT no longer has any exposure to Redemption Project CIC, one of its non-performing tenants that had not paid any rent for 2023, after it surrendered all of its leases.

29.09 / 08:27

property Auction Investment trusts Alternatives AEW social housing Home REIT Home REIT offloads 137 properties at average 68% loss

Of the total 137 properties sold, 100 were subject to leases with tenant in liquidation, which will be surrendered prior to completion.

22.09 / 07:43

property Investment trusts social housing Home REIT Bust Home REIT tenant surrenders leases on 146 properties

This brings Home REIT’s direct exposure to Mears Limited to 177 properties and £1,623,875 per annum of contracted rent.

07.09 / 08:41

property Liquidation Investment trusts social housing Home REIT Home REIT tenant Supportive Homes CIC enters voluntary liquidation

FRP Advisory Trading Limited has been appointed as liquidator, adding to its work on Gen Liv UK CIC and Lotus Sanctuary CIC.

06.09 / 11:27

property ESG Unit trusts/OEICs AEW social housing Home REIT Investment manager Home REIT investment manager AEW launches UK Impact fund

AEW UK Impact is an open-ended property fund seeded with a diversified £100m portfolio of UK assets, including specialist supported living, key worker accommodation and care homes.

04.09 / 08:13

Investment trusts AEW Home REIT Board Of Directors Home REIT begins 'formal and phased' board succession process

Home REIT said the senior independent director to be appointed has «significant» investment company expertise.

23.08 / 13:19

Investment trusts Winterflood AEW Home REIT investment policy Leases Home REIT begins 'stabilisation' process as it transfers leases on 100 properties

Home REIT said it is now expected to generate “significantly higher rent collection” than has previously been received from One CIC.

23.08 / 08:03

Investment trusts AEW Home REIT general meeting NOT 'Why have all of you not resigned?': Inside Home REIT's investment policy general meeting

Lynne Fennah, non-executive chair of the trust since launch, said shareholders would have been left in a «very difficult» position if the board had stepped down.

22.08 / 07:37

Investment trusts AEW Home REIT investment policy Home REIT moves on from Alvarium as shareholders approve new investment policy

Nearly 100% (99.98%) of votes, or 558,771,343 votes per share, were cast in favour of the investment policy changes, with only 0.02% voting against and 13,519 votes withheld.

18.08 / 09:27

Investment trusts Home REIT investment policy Second largest Home REIT tenant begins wind-up process as investment policy vote looms

According to the most recently available filings, Supportive Homes CIC was the trust’s second-largest tenant, representing 10.4% of the rent roll and 1,020 beds.

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