Home REIT PLC (GB:HOME) has released an update.
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Home REIT PLC reported the sale of 101 properties at auction for £18.5m, surpassing their August 2023 draft values by 4.8%, and repaid £12.2m of debt, reducing total borrowings to £93.8m as of August 31, 2024. The company’s cash balance reached £21.4m, with £6.2m unrestricted, and total gross income for August was £1.0m. They announced an audited result for the year ended August 2022 is imminent, and they maintain their commitment to resume trading of the company’s shares as soon as possible.
For further insights into GB:HOME stock, check out TipRanks’ Stock Analysis page.
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