18th Mar 2021 12:14
(Alliance News) - Two London-listed real estate investment trusts on Tuesday said they expect rent payments from two customers who faced regulatory judgements to continue.
Triple Point Social Housing REIT PLC on Tuesday said the rulings against Hilldale Housing Association and Pivotal Housing Association won't affect the value of its property portfolio. Hilldale and Pivotal are leasing properties worth a combined 10.2% of Triple Point's rent roll, and are continuing to make full payments.
Civitas Social Housing PLC said Hilldale and Pivotal, which are worth a combined 4.9% of its rent roll, are up to date with payments and it expects that to continue.
Hilldale and Pivotal have indicated that they will address the issues identified by the regulator, according to statements from Triple Point and Civitas.
Shares in Triple Point were down 0.2% to 102.75 pence. Civitas shares were up 0.1% to 109.5 pence.
By Ivan Edwards; [email protected]
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