HOME REIT PLC ORD GBP0.01
Symbol: HOME
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Company
Business Summary
Home REIT PLC is a United Kingdom-based real estate investment trust (REIT). The Company's investment objective is to target inflation-protected income and capital returns by investing in a diversified portfolio of accommodation for people facing homelessness, let or pre-let to registered charities, housing associations, community interest companies and other regulated organizations that receive housing benefits or comparable funding from local or central government, on very long-term and index-linked leases. It is dedicated to tackling homelessness in the United Kingdom and targets a range of subsectors within homelessness, including women fleeing domestic abuse, people leaving prison, and others. It seeks to only acquire assets let or pre-let to robust tenants on long leases, with index-linked or fixed rental uplifts, in order to provide security of income and low cost of debt. Alvarium Fund Managers (UK) Limited is the Company’s alternative investment fund manager.
Financial Summary
BRIEF: For the six months ended 28 February 2022, Home Reit PLC revenues increased from £3.1M to £17.5M. Net income increased from £11.4M to £38.3M. Revenues reflect G/L on sale of inv properties - property increase from £2.8M to £16M, Accretion effect of straight-lining rent increase from £280K to £1.5M. Net income was partially offset by Interest Exp-Net of Capitalized Interest increase from £20K to £1.6M (expense).
Performance
Composition
Important Documents
Management Team
Financials
Income Statement - All values are in GBP (M).
|
Year Ending |
31/08/2021 |
|---|---|
| Total Revenue | 11.76 |
| Gross profit | 9.93 |
| Operating Profit/Loss | 22.51 |
| Profit Before Tax | 20.93 |
| Profit After Tax | 20.93 |
| Equity Holders of Parent Company | 20.93 |
| Minority Interest | NIL |
Balance Sheet - All values are in GBP (M).
|
Year Ending |
31/08/2021 |
|---|---|
| Total Non-Current Assets | 327.86 |
| Total Current Assets | 43.50 |
| Total Assets | 371.36 |
| Total Liabilities | 118.66 |
| Total Net Assets | 252.70 |
| Shareholders Funds | 252.70 |
| Minority Interests | NIL |
| Total Equity | 252.70 |