The AIC: Record year for buybacks as trust boards battle double-digit discounts
Share price discounts remained above 10% throughout 2023, according to AIC’s year in review
Home Reit
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Home REIT offloads £24.3m of properties in ‘poor condition’ at 65% loss
153 properties representing 6.5% of its portfolio
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Home REIT sells further 14 properties at 51% loss
Rent collection for October improved to 18% of the amount invoiced
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Another Home Reit tenant enters liquidation
Supportive Homes CIC makes up 11.3% of rent demanded in August
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Home Reit board to depart in next 12 months
Trust has intiated a ‘formal and phased’ succession process
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Consolidation, overcrowding and widening discounts: Do investment trust boards need to step up?
Given the Home Reit saga and TLEI’s suspended shares, PA looks at governance concerns in the investment trust space
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Major Home Reit tenant goes bust
Redemption Project CIC made up 11% of the rent demanded by the trust in June
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Home Reit rent collection drops to 7% as board considers change to investment policy
Trust has proposed no longer investing solely in social housing
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Investigators find Home Reit adviser mishandled portfolio
‘Undeclared potential conflicts of interest’ between individuals associated with Alvarium and third parties
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Home REIT hires AEW as investment manager
Beleaguered trust also revealed rent collection had fallen to 13.1%
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Home Reit saga raises doubt over the viability of investing in social housing
The aim of such investments is laudable, but is the risk too high?
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Bluestar hits out at Home Reit’s ‘staggering’ rejection of deadline extension
Investment firm criticised the trust’s board for a lack of engagement in due diligence process