22nd Jan 2025 13:55
Social Housing REIT PLC - invests mostly in newly developed social housing assets in UK - Calls general meeting for February 10 to allow shareholders to vote on a proposal to change the real estate investment trust's investment policy. The change would allow Social Housing REIT to have a maximum 35% exposure to any one provider of social housing, up from 30% currently. However, it also would limit exposure to its top two providers to 55%, compared to no such restriction now. The trust explains that the policy change will help it to transfer its current exposure to My Space Housing Solutions, which hasn't paid rent to Social Housing REIT since June last year. My Space currently represents 5.3% of the trust's gross asset value and 8.1% of its rent roll. Having received My Space's financial forecasts in December, Social Housing REIT says it doesn't expects My Space to be in a position to pay rent in the short to medium term. Read More
