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About the company
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.
- Revenue in GBP (TTM)26.20m
- Net income in GBP47.80m
- Incorporated2020
- Employees0.00
- LocationHome REIT Ltd6th FLOORBASTION HOUSE, 140 London WallLONDON EC2Y 5DNUnited KingdomGBR
- Websitehttps://www.homereituk.com/
Profile
Management group(s) | Alvarium Home REIT Advisors Limited |
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AIC sector | Property - UK Residential |
ISIN | GB00BJP5HK17 |
Launch date | 12 Oct 2020 |
Share type | Ordinary Share |
Structure | Investment Trust |
Base currency | GBP |
Objective
The Company will invest in a diversified portfolio of residential accommodation assets. During the Stabilisation Period, the Company shall invest in residential accommodation assets having any form of residential use. Whilst the Company will have regard to the Post-Stabilisation Period investment policy, it does not want its investment manager to be constrained during the Stabilisation Period and accordingly wants the flexibility for its portfolio to include assets having any form of residential use. During the Post-Stabilisation Period, the Company shall invest in residential accommodation assets having any Social Use but which are predominantly homeless accommodation assets.
Managed by
Ed Long, Nick Winsley |
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Management & contract fees
The Investment Adviser is entitled to an annual fee based on NAV payable monthly in arrear calculated at the rate of: (i) 0.85% for first GBP500 m; (ii) 0.75 % for NAV from GBP500 m to GBP750 m; and (iii) 0.65% fro NAV above GBP750 m. No performance fee is payable to the Investment Adviser.
Peer analysis
Company | Revenue (TTM) | Net income (TTM) |
---|---|---|
Foxtons Group PLC | 147.13m | 5.49m |
abrdn Property Income Trust Ltd | -74.54m | -91.50m |
Newriver Reit PLC | 69.90m | -23.50m |
Triple Point Social Housing REIT PLC | 39.84m | 34.99m |
Property Franchise Group PLC | 27.28m | 7.40m |
Helical PLC | 45.61m | -174.84m |
Home Reit PLC | 26.20m | 47.80m |
Custodian Property Income Reit PLC | 44.68m | -54.40m |
CLS Holdings plc | 148.70m | -249.80m |
Picton Property Income Ltd | 53.49m | -80.52m |
Mountview Estates P.L.C. | 75.64m | 26.63m |
PRS Reit PLC | 53.68m | 58.02m |
Harworth Group PLC | 72.43m | 37.96m |
Institutional shareholders
Holder | Shares | % Held |
---|---|---|
M&G Investment Management Ltd.as of 16 Feb 2023 | 124.74m | 0.00% |
BlackRock Investment Management (UK) Ltd.as of 15 Jan 2024 | 69.40m | 0.00% |
Liontrust Investment Partners LLPas of 22 Feb 2023 | 45.27m | 0.00% |
Sarasin & Partners LLPas of 16 Feb 2023 | 43.60m | 0.00% |
Legal & General Investment Management Ltd.as of 15 Feb 2023 | 29.97m | 0.00% |
Rathbones Investment Management Ltd.as of 16 Feb 2023 | 27.77m | 0.00% |
Newton Investment Management Ltd.as of 27 Sep 2021 | 23.37m | 0.00% |
The Vanguard Group, Inc.as of 01 Apr 2024 | 19.52m | 0.00% |
Barclays Capital Securities Ltd.as of 21 Feb 2023 | 17.22m | 0.00% |
SSgA Funds Management, Inc.as of 15 Feb 2023 | 16.72m | 0.00% |