Home Reit reveals £475m loss in overdue annual results
Harcus Parker called the losses an ‘unjustifiable destruction of shareholder value’
Reits
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PRS REIT reaches agreement with requisitioning shareholders over board changes
Non-executive chair Steve Smith will step down at PRS REIT’s next AGM, with Robert Naylor and Christopher Mills appointed to the board
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PRS REIT board addresses requisition notice
Board sets up sub-committee to engage with shareholder group seeking to replace the PRS REIT chair
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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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Can we expect broader consolidation among investment trusts?
The investment trust sector is increasingly willing to take difficult choices to deliver shareholder value
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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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Capital & Regional Reit braces for bidding war
Amid takeover interest from NewRiver Reit and Vukile Property Fund Limited
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Capital & Regional CEO resigns
Lawrence Hutchings steps down after seven years at the Reit
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Balanced Commercial Property Trust initiates strategic review
Board considering options to reduce its ‘material discount’
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L&G UK Property shareholders back switch to hybrid model
Change of investment approach will see the fund invest up to 45% in global Reits
