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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Home REIT posts maiden interim profit; sticks to dividend targets

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Home REIT posts maiden interim profit; sticks to dividend targets | 28 April 2021

28 April 2021 | 08:58am
StockMarketWire.com - Property investor Home REIT reported a maiden interim pre-tax profit after the value of its assets rose.
Pre-tax profit for the period from incorporation on 19 August to 28 February amounted to £11.4 million.
The company s net asset value and EPRA net tangible asset per share has increased to 102.8p at 28 February, up 4.9% from its IPO in October.
Home REIT paid a first interim dividend of 0.83p per share in March and said it was on track to pay a minimum total dividend of 2.5p for the period from IPO until 31 August.
It was also on track for a minimum total dividend of 5.5p per share for the financial year ending 31 August 2022, in line with its stated target at launch. ....

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