Home Reit reveals £475m loss in overdue annual results
Harcus Parker called the losses an ‘unjustifiable destruction of shareholder value’
Home Reit
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Home REIT sells 200 properties in preparation for wind down
It raised £36.9m from the sales, representing 15% of the trust’s overall portfolio
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Home REIT shareholders vote for investment policy change
Required to pursue a managed wind-down
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Home Reit tenant surrenders leases on 68 properties
Mansit Housing CIC is tenant on 4% of the trust’s portfolio
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Home Reit proposes wind-down amid debt repayment issues
Size of the trust may be too small for some investors once its £114.6m debt has been paid down, the board said
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Home Reit loan fee rises to 7%
Lender Scottish Widows revised terms from 5% after Home Reit’s failure to secure refinancing
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Home Reit to sell more properties after failure to refinance loan
Trust had total borrowings of £131.8m at the end of May
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Home Reit tenant enters administration
Noble Tree Foundation is a tenant of 143 of the trust’s properties, making up 7% of its rent roll
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Big Help Group surrenders 30% of its property portfolio to Home Reit
600 properties were handed over to Home Reit
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Harcus Parker mulls legal action against Home Reit sister fund
Home Long Income fund launched in 2018, two years before Home Reit’s IPO
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Home REIT: Rent collection to vary ‘month on month’ as legal action progresses
Rent collected in March amounted to 8% of the total rent invoiced to tenants
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Home Reit sells 63 more properties for £6.1m
451 properties sold since August 2023
