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Home REIT PLC ( (GB:HOME) ) has issued an update.
Home REIT PLC has released its 2023 Annual Report and Accounts, revealing significant financial challenges with a decrease in Net Asset Value from £345.9 million to £216.9 million and a substantial loss before tax of £118.2 million. The company has fully repaid its debts and is in the process of selling its remaining property portfolio. Additionally, several directors have stepped down from the board, and the company is involved in legal proceedings to address past wrongdoings. These developments are crucial steps towards the potential relisting of the company’s shares, as they work towards resolving existing challenges.
More about Home REIT PLC
Home REIT PLC operates in the real estate investment sector, focusing on providing housing solutions primarily for those experiencing homelessness. The company aims to optimize the value of its property portfolio while minimizing disruption to residents, adhering to a Managed Wind-Down strategy.
YTD Price Performance: 0%
Average Trading Volume: 256,366
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £31.62M
For an in-depth examination of HOME stock, go to TipRanks’ Stock Analysis page.
