Home REIT PLC (GB:HOME) has released an update.
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Home REIT PLC reports progress in its stabilization strategy, including the sale of 76 properties for £14.6 million, debt repayment of £8.3 million, and ongoing refinancing negotiations for long-term financial stability. Additionally, the company has regained control over 30% of its portfolio, leading to increased direct income collection, and is taking legal action against non-performing tenants and its former investment adviser.
For further insights into GB:HOME stock, check out TipRanks’ Stock Analysis page.
