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An announcement from Home REIT PLC ( (GB:HOME) ) is now available.
Home REIT PLC has entered into an exclusivity agreement with Patron Capital for the potential sale of the majority of its portfolio, comprising approximately 700 out of 853 properties, with an indicative price of £123 million. The Board emphasizes that discussions are ongoing and there is no certainty of a finalized transaction, but it remains committed to maximizing shareholder value, with the sales process expected to conclude by late 2025 or early 2026.
More about Home REIT PLC
Home REIT PLC operates in the real estate investment trust industry, focusing on providing housing solutions. The company primarily invests in properties that are leased to organizations providing accommodation to vulnerable individuals, aiming to address social housing needs.
Technical Sentiment Signal: Strong Sell
Current Market Cap: £71.15M
For detailed information about HOME stock, go to TipRanks’ Stock Analysis page.