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An announcement from Home REIT PLC ( (GB:HOME) ) is now available.
Home REIT PLC has published its 2023 Annual Report and Accounts, indicating a significant decrease in Net Asset Value (NAV) from £345.9 million in 2022 to £216.9 million in 2023, primarily due to property devaluation, doubtful debts, and asset write-offs. The company has successfully repaid its debt and is progressing with its Managed Wind-Down strategy by selling properties. Several directors have stepped down, and Home REIT is involved in ongoing legal matters, intending to defend itself against shareholder claims while also pursuing its own legal actions against certain parties.
More about Home REIT PLC
Home REIT PLC operates within the real estate investment trust sector, focusing on providing affordable accommodation for those in need, particularly within the UK market. The company is committed to optimizing the value of its property portfolio while maintaining minimal disruption for residents.
YTD Price Performance: 0%
Average Trading Volume: 256,366
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £31.62M
See more data about HOME stock on TipRanks’ Stock Analysis page.
