Home REIT PLC Updates on Financial Position and Managed Wind-Down Strategy

Home REIT PLC ( (GB:HOME) ) has shared an update.

Home REIT PLC has provided a trading update, revealing a cash position of £10.5 million as of April 2025, with monthly rent collections averaging £1.0 million. The company has no debt and is progressing with its managed wind-down strategy, aiming to complete a portfolio sale by Q3 2025. Despite economic uncertainties, the UK residential market remains attractive to investors. The company plans to return capital to shareholders upon completion of its realisation strategy, though potential litigation may impact distributions. Additionally, Home REIT is addressing shareholder litigation and intends to defend itself vigorously while pursuing legal actions against former advisers. The company has also canceled its share premium account to create a distributable reserve of £596 million.

More about Home REIT PLC

Home REIT PLC operates in the real estate investment sector, focusing on providing housing solutions. The company is engaged in managing a portfolio of properties and is currently undergoing a managed wind-down process.

Average Trading Volume: 1,478,309

Technical Sentiment Signal: Sell

Current Market Cap: £71.15M

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