HOME REIT PLC ORD GBP0.01
Symbol: HOME
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Company
Business Summary
Home REIT plc funds the acquisition and creation of properties across the United Kingdom that are dedicated to providing accommodation to homeless people. The Company's investment objective is to stabilize its financial condition through initiatives to maximize income and capital returns by investing in a portfolio of United Kingdom residential real estate. It will invest in assets directly or through holdings in special purpose vehicles and will seek to acquire properties. The Company will look to appoint specialist third-party service providers for the delivery of repairs, refurbishment, fire safety and building maintenance services where required. It will neither undertake any direct development activity nor assume direct development risk. The Company may invest in fixed-price forward funded developments, provided they are pre-let to an acceptable tenant and full planning permission is in place. The Company's investment manager is AEW UK Investment Management LLP.
Financial Summary
BRIEF: For the fiscal year ended 31 August 2023, Home Reit PLC revenues increased 38% to £48.6M. Net loss decreased 75% to £118.2M. Revenues reflect Investment property portfolio segment increase from £7M to £26.6M, United Kingdom segment increase from £7M to £26.6M. Lower net loss reflects Investment property portfolio segment loss decrease of 73% to £128.3M, United Kingdom segment loss decrease of 73% to £128.3M.
Performance
Composition
Important Documents
Management Team
Financials
Income Statement - All values are in GBP (M).
|
Year Ending |
31/08/2023 |
31/08/2022 |
31/08/2021 |
|---|---|---|---|
| Total Revenue | 48.62 | 35.33 | 11.76 |
| Gross profit | 43.53 | 30.01 | 9.93 |
| Operating Profit/Loss | -128.34 | -469.90 | 22.51 |
| Profit Before Tax | -118.16 | -474.84 | 20.93 |
| Profit After Tax | -118.16 | -474.84 | 20.93 |
| Equity Holders of Parent Company | -118.16 | -474.84 | 20.93 |
| Minority Interest | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
|
Year Ending |
31/08/2023 |
31/08/2022 |
31/08/2021 |
|---|---|---|---|
| Total Non-Current Assets | 407.93 | 414.27 | 327.86 |
| Total Current Assets | 22.98 | 192.50 | 43.50 |
| Total Assets | 430.92 | 606.77 | 371.36 |
| Total Liabilities | 214.05 | 260.83 | 118.66 |
| Total Net Assets | 216.87 | 345.94 | 252.70 |
| Shareholders Funds | 216.87 | 345.94 | 252.70 |
| Minority Interests | NIL | NIL | NIL |
| Total Equity | 216.87 | 345.94 | 252.70 |