13th Aug 2021 19:18
Civitas Social Housing PLC and Triple Point Social Housing REIT PLC - both real estate investment trusts - Note the regulatory notice published by the Regulator of Social Housing in relation to Auckland Home Solutions. This follows the regulator's ongoing review of the specialised supported housing sector. Auckland has recently been subject to a review by the regulator, resulting in Auckland being deemed non-compliant with regards to elements of the governance and financial viability standard. This reflects the regulator's desire to see Auckland demonstrate improvement in the areas of business planning and risk management.
Triple Point says its independent valuer, Jones Lang LaSalle Ltd, has confirmed that there should be no material impact on the value of Triple Point's property portfolio as a result of the regulatory notice.
Civitas, meanwhile, says it will continue its supportive relationship with Auckland, which has committed to continue to engage with the Regulator of Social Housing.
Auckland provides housing for vulnerable adults in England and Wales.
Civitas current stock price: 116.80 pence
Year-to-date change: up 11%
Triple Point current stock price: 112.80 pence
Year-to-date change: up 1.2%
By Evelina Grecenko; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
CSH.LSocial Housing