8th Mar 2021 19:08
Home REIT PLC - investor focused on properties across the UK that are dedicated to providing accommodation for the homeless - Acquires 11 separate portfolios of homes across England, which features 543 beds across 83 properties for GBP48.1 million in total.
Acquisition reflects full investment of the net proceeds of Home REIT's GBP240 million IPO in October. Home REIT's combined portfolio comprises 572 properties, reflecting an average net initial acquisition yield of 5.83%.
Company now has enough resources through its 12-year GBP120 million debt facility, allowing for further investments.
Current stock price: 108.00 pence
Year-to-date change: flat
By Dayo Laniyan; [email protected]
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