8th Nov 2021 11:26
(Alliance News) - Civitas Social Housing PLC on Monday reported "robust" financial performance in line with expectations in the third quarter of 2021.
The investment trust dedicated to investments in existing portfolios of built social homes in England and Wales said it received rents "as normal" during the three months to September 30.
Civitas said the virus pandemic has prompted increased demand for many of the services that are delivered within its properties.
Net asset value per share edged up to 108.49 pence as at September 30 from 108.42p on June 30. The slight growth in NAV reflected the contribution from the indexation of leases in the period, the company said.
Civitas declared a second quarterly dividend of 1.3875p per share, consistent with its target of paying a total dividend of 5.55p for the financial year to the end of March 2022.
During the past three months, the company purchased 2.3 million shares into treasury at an average price of 92.13p, a discount to NAV.
Civitas shares were trading 1.3% higher in London on Monday at 92.66p each.
By Evelina Grecenko; [email protected]
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