Home REIT PLC (GB:HOME) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Home REIT PLC has successfully sold 201 properties at auction for £36.9m, exceeding their August 2023 valuations by 4.8%, and repaid £21.8m of debt, significantly decreasing total borrowings to £72.0m as of September 2024. They’ve decided to cease monthly updates following the adoption of a Managed Wind-Down strategy, and will instead provide updates driven by material events. The company’s financial position shows a healthy cash balance and a commitment to settling all outstanding debts by the end of 2024.
For further insights into GB:HOME stock, check out TipRanks’ Stock Analysis page.
