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Home REIT PLC ( (GB:HOME) ) has shared an announcement.
Home REIT PLC has provided a trading update indicating a stable financial position with £9.2 million in cash and an average monthly gross rent of £1.1 million. The company is progressing with its managed wind-down strategy, with a portfolio sale expected to conclude in Q4 2025, intending to return capital to shareholders despite potential litigation constraints. The company is also committed to restoring trading in its shares following the publication of outstanding financial results and is preparing for potential legal proceedings against former advisers.
More about Home REIT PLC
Home REIT PLC operates in the real estate investment trust industry, focusing on providing housing solutions for the homeless. The company primarily invests in properties that are leased to registered charities, housing associations, and community interest companies, aiming to address the issue of homelessness in the UK.
Technical Sentiment Signal: Sell
Current Market Cap: £71.15M
See more data about HOME stock on TipRanks’ Stock Analysis page.