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An announcement from Home REIT PLC ( (GB:HOME) ) is now available.
Home REIT PLC, alongside AEW UK Investment Management LLP, provides a trading update ahead of its Annual General Meeting, highlighting an improved financial position with £12.2m in unrestricted cash and enhanced rent collection. The company has successfully sold numerous properties, raising £239.8m used to repay debts, and is progressing with a managed wind-down strategy with credible offers for the remaining portfolio. Despite legal challenges and shareholder litigation, Home REIT plans to restore its share trading and pursue legal action against former management for alleged wrongdoings, while ensuring capital return to shareholders.
More about Home REIT PLC
Home REIT PLC operates in the real estate investment trust sector, focusing on providing homes for homeless individuals across the UK. The company primarily deals with acquiring and managing properties that are leased to registered charities and housing associations, and it aims to address homelessness through sustainable investments.
YTD Price Performance: 175.00%
Average Trading Volume: 5,111,973
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £86.96M
See more data about HOME stock on TipRanks’ Stock Analysis page.
