Overview
Civitas Social Housing REIT : CSH aims to provide its shareholders with an attractive level of income, together with the potential for capital growth from investing in a portfolio of social homes. The homes will be let to local authorities or housing associations. They expect they’ll get inflation adjusted long-term leases or occupancy agreements with registered providers. This, they think, will allow them to deliver, on a fully invested and geared basis, a targeted dividend yield of 5% on the issue price, which they expect will increase broadly in line with inflation.
Civitas works in partnership with Housing Associations and Local Authorities (together “Registered Providers” ) to help them unlock capital held in existing social homes for new development and to promote the delivery of new social homes. Civitas does not develop or manage social homes directly but works in close collaboration with Registered Providers and others who provide these services.
Civitas’ investment activity supports housing providers with the provision of permanent capital to facilitate their objective of delivering more social homes and offers investors the potential for sensible, risk adjusted real returns with regular dividend distributions.
The Civitas team has, over many years, been responsible for managing some of the larger portfolios of social homes in England and Wales as well as building many new social homes.
We have published some notes that explain how the fund works –
- “Proved its mettle“, published in April 2020, argued the case for the elimination of the discount
- “Targeting full dividend cover“, published in September 2019, looks at the beneficial impact of Civitas securing new borrowing facilities
- “Regulatory action is positive”, published in February 2019, looks at how regulations are benefiting CSH in the medium term by enhancing the quality of its earnings
- “Socially beneficial investing“, published in June 2018, describes how CSH is not only a great investment but a clear benefit for society
You can access the company’s website here
Fundamentals
Price
Research History
-
11 Feb 2021 9 min read
QuotedData’s Real Estate Roundup – February 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data January’s biggest movers in price terms are shown in the chart below. The UK’s vaccination programme has lifted optimism for a speedier opening of the economy than first feared at the start of the year. Property companies that reported positive valuation figures for the […]
-
22 Jan 2021 16 min read
QuotedData’s Real Estate Annual Review – 2020
Real Estate Annual Review Kindly sponsored by Aberdeen Standard Investments Riding out the COVID rollercoaster The 2020 rollercoaster saw more downs than ups and at times felt like a pandemic induced freefall. Lockdowns, tiers and plenty of U-turns meant investing in property was not for the faint hearted. Positivity returned at the end of the […]
-
14 Jan 2021 12 min read
QuotedData’s Real Estate Roundup – January 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data December’s biggest movers in price terms are shown in the chart below. The boost of coming out of the second national lockdown in early December was short lived as Christmas was cancelled for most of the UK with COVID-19 cases spiking. It did little […]
-
17 Dec 2020 16 min read
QuotedData’s Real Estate Roundup – December 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data November’s biggest movers in price terms are shown in the chart below. The eagerly awaited news of a successful vaccine candidate came at the start of November, boosting the stock market. Property companies that had seen their share price battered over the past eight […]
-
01 Dec 2020 4 min read
QuotedData’s ESG Conference – week 2 Social day playback
On the 1st December QuotedData hosted the second of three ESG focused webinars. This Social webinar included presentations and Q&As from 4 investment companies’ managers focused on offering social solutions such as housing for the homeless or those with specialist care requirements. We would like to thank all our speakers and our attendees for joining us. Click below to […]
-
12 Nov 2020 12 min read
QuotedData’s Real Estate Roundup – November 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data October’s biggest movers in price terms are shown in the chart below. October finished with the threat of a second lockdown looming over the UK as COVID-19 cases continued to rise. However, this did not dampen demand for shares in some of the companies […]
-
22 Oct 2020 23 min read
Civitas Social Housing – Solid foundations for future growth
Solid foundations for future growth Civitas Social Housing (CSH) is one of only a small handful of Real Estate Investment Trusts (REITs) that have had a positive year in the face of the COVID-19 pandemic. Due to the nature of its income – which is ultimately paid through housing benefit from central government – CSH […]
-
23 min read
Civitas Social Housing – Solid foundations for future growth
Solid foundations for future growth Civitas Social Housing (CSH) is one of only a small handful of REITs that have had a positive year in the face of the COVID-19 pandemic. Due to the nature of its income – which is government-backed through housing benefit – rent collection rates have not been affected and, to […]
-
23 min read
Civitas Social Housing – Solid foundations for future growth
Solid foundations for future growth Civitas Social Housing (CSH) is one of only a small handful of Real Estate Investment Trusts (REITs) that have had a positive year in the face of the COVID-19 pandemic. Due to the nature of its income – which is ultimately paid through housing benefit from central government – CSH […]
-
16 Oct 2020 11 min read
QuotedData’s Real Estate Quarterly Review – Q3 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Toughing it out It has been another challenging quarter for the real estate sector as the COVID-19 pandemic continues to take its toll. The economy bounced back in the early part of the quarter after the national lockdown was lifted, while government schemes such as […]
-
09 Oct 2020 14 min read
QuotedData’s Real Estate Roundup – October 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data September’s biggest movers in price terms are shown in the chart below. There was an eclectic mix of property companies to feature in the top price movers for September. Top of the tree was private rented sector and residential development specialist Sigma Capital Group, […]
-
10 Sep 2020 12 min read
QuotedData’s Real Estate Roundup – September 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data August’s biggest movers in price terms are shown in the chart below. There were some interesting price rises during the month of August as investors’ search for returns took them to property companies that have seen their share prices severely depressed during the Covid-19 […]
-
13 Aug 2020 12 min read
QuotedData’s Real Estate Monthly Roundup – August 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data July’s biggest movers in price terms are shown in the chart below. A number of REITs and property companies saw big share price gains over the month of July as covid-19 restrictions started to ease across the UK and greater economic stimulus was revealed. […]
-
16 Jul 2020 10 min read
QuotedData’s Real Estate Quarterly Review – Q2 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments A polarised lens The covid-19 pandemic continued to wreak havoc in the real estate in the second quarter, but a polarisation of sectors and funds has started to become apparent. Companies focused on the retail, leisure and hospitality property sectors had already seen huge negative […]
-
15 Jul 2020 2 min read
QuotedData’s Property Summer Conference – week 2
COVID-19 is creating havoc in some parts of the property sector but others are thriving. On Wednesday 15th July we held the second of our summer property webinars where the managers of Tritax Eurobox, Ground Rents Income Fund, BMO Real Estate Investment Trust, Civitas Social Housing and UK Commercial Property REIT gave presentations on their fund, […]
-
07 Jul 2020 16 min read
QuotedData’s Real Estate Roundup – July 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data June’s biggest movers in price terms are shown in the chart below. Uncertainty caused by the covid-19 pandemic continued to weigh on property stocks in June and we had the first real casualty in Intu Properties, which collapsed into administration. A number of companies […]
-
11 min read
QuotedData’s Economic Roundup – July 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
-
07 May 2020 11 min read
QuotedData’s Investment Companies Roundup – May 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over April: An update note […]
-
15 min read
QuotedData’s Real Estate Roundup – May 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data April’s biggest movers in price terms are shown in the chart below. Following two months of heavy falls as the covid-19 pandemic took hold and the UK was put on lockdown, many property companies saw a bounce in their share price in April, although […]
-
20 Apr 2020 10 min read
QuotedData’s Real Estate Quarterly Roundup – First Quarter 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Covid chaos The covid-19 pandemic has had a devastating effect on the share price of property companies, with 31% wiped off the value of their total market capitalisation during the first quarter of 2020. Companies focused on the retail, leisure and hospitality property sectors were […]
-
17 Apr 2020 12 min read
QuotedData’s Investment Companies Quarterly Review – First Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research The legal bit Unprecedented times We have knitted […]
-
15 Apr 2020 12 min read
Civitas Social Housing – Proved its mettle
Some commentators appear to have overstated the impact of regulatory concerns on Civitas Social Housing’s (CSH’s) performance. Regulatory notices served on some of its tenants knocked the share price over 2018/2019. However, during the whole period, it collected its rents, paid its dividends and increased its net asset value (NAV). Recognition of this fact, and […]
-
12 min read
Civitas Social Housing – Proved its mettle
Some market commentators appear to have overstated the impact of regulatory concerns on Civitas Social Housing’s (CSH’s) performance. Regulatory notices served on some of its tenants knocked CSH’s share price over 2018/2019. However, during the whole of this period, it collected its rents, paid its dividends and increased its net asset value (NAV). Recognition of […]
-
07 Apr 2020 15 min read
QuotedData’s Real Estate Roundup – April 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data March’s biggest movers in price terms are shown in the chart below. Property stocks took a hammering in March as the covid19 pandemic took hold. The UK was put on lockdown to stop the spread of the coronavirus resulting in the enforced closure of […]
-
07 Feb 2020 12 min read
QuotedData’s Real Estate Roundup – February 2020
Real Estate Roundup Performance data January’s biggest movers in price terms are shown in the chart below. The sluggish start to the year for listed property companies is hardly surprising given they were coming off a high base after the “Boris-bounce” following the general election in December. Topping the list was Triple Point Social Housing […]
-
24 Jan 2020 28 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
-
10 Jan 2020 9 min read
QuotedData’s Real Estate Roundup – January 2020
Real Estate Roundup Performance data December’s biggest movers in price terms are shown in the chart below. December was a good month for listed property companies, with the sector experiencing a bounce following the convincing majority the Conservative party won at the general election. For the second month in a row, estate agency group Countrywide […]
-
15 Oct 2019 10 min read
Investment companies quarterly roundup – Third quarter 2019
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford New research Over the third quarter, we published notes on India Capital Growth, Jupiter Emerging & Frontier Income, Montanaro European Smaller Companies, JLEN Environmental Assets, Civitas Social Housing, JPMorgan Russian Securities, International Biotechnology Trust, Aberdeen Emerging Markets, Seneca Global Income & Growth, Standard Life Investments Property Income […]
-
12 Sep 2019 26 min read
Civitas Social Housing – Targeting full dividend cover
Targeting full dividend cover Civitas Social Housing (CSH) has secured a new £60m debt facility that it will use to buy new properties. This will increase its rental income and move CSH very close to full dividend cover. CSH has the option to extend the new loan by another £40m and is also in advanced […]
-
26 min read
Civitas Social Housing – Targeting full dividend cover
Targeting full dividend cover Civitas Social Housing (CSH) has secured a new £60m debt facility that it will use to buy new properties. This will increase its rental income and move CSH very close to full dividend cover. CSH has the option to extend the loan by another £40m and is also in advanced negotiations […]
-
05 Jul 2019 8 min read
QuotedData’s economic roundup – July 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
-
07 Jun 2019 4 min read
QuotedData’s investment companies roundup – June 2019
Investment Companies Roundup New research Over May, we published notes on Shires Income, Standard Life Private Equity and The North American Income Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was notable that risk appetite was down in May as renewed […]
-
08 May 2019 4 min read
QuotedData’s investment companies roundup – May 2019
Investment Companies Roundup New research Over April, we published notes on Henderson Diversified Income, Ecofin Global Utilities and Infrastructure, Jupiter Emerging and Frontier Income, Seneca Global Income & Growth and Polar Capital Global Financials Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was […]
-
15 Apr 2019 8 min read
Quarterly Investment Companies Roundup – First Quarter 2019
Quarterly Investment Companies Roundup – First Quarter 2019 QuotedData news Through the first quarter of 2019, global equities largely clawed back the losses suffered over the final weeks of 2018. How much longer this ten-year bull market can sustain itself is the subject of much debate. US interest rate rises have stalled, reflecting growing cautiousness. Elsewhere, […]
-
22 Mar 2019 2 min read
QuotedData’s investment companies roundup – March 2019
QuotedData’s investment companies roundup – March 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2019. Kindly sponsored by Baillie Gifford. JPMorgan Chinese, Fidelity China and Pacific Horizon benefited from a booming Chinese market in […]
-
19 Feb 2019 2 min read
Civitas Social Housing – Regulatory action is positive
Civitas Social Housing – Regulatory action is positive Civitas Social Housing (CSH) has met its dividend targets, grown its NAV and invested over £674m into 557 properties (housing almost 3,750 tenants) since its launch in November 2016. It has now merged its C share and ordinary share portfolios and is focused on making best use […]
-
1 min read
Civitas Social Housing – Regulatory action may be net positive
Civitas Social Housing – Regulatory action may be net positive Civitas Social Housing (CSH) has met its dividend targets, grown its NAV and invested over £674m into 557 properties (housing almost 3,750 tenants) since its launch in November 2016. It has now merged its C share and ordinary share portfolios and is focused on optimising […]
-
1 min read
Civitas Social Housing – Regulatory action is positive
Regulatory action is positive Civitas Social Housing (CSH) has met its dividend targets, grown its NAV and invested over £674m into 557 properties (housing almost 3,750 tenants) since launch. It has now merged its C share and ordinary share portfolios and is focused on optimising its capital structure (targeting 35% LTV), which should further strengthen […]
-
25 Jan 2019 2 min read
QuotedData review of 2018 – Annual report investment companies
QuotedData review of 2018 – Annual report investment companies 2018 – the return of volatility A trade war, Brexit, US interest rate rises, slowing Chinese growth, a US government shutdown, a dispute over Italy’s budget, the Skripal poisonings, numerous elections – there was plenty to worry about in 2018. A last-minute dive left the US […]
-
18 Jan 2019 1 min read
QuotedData’s investment companies roundup – January 2019
QuotedData’s investment companies roundup – January 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2018. Kindly sponsored by Baillie Gifford. Extract from money raised and returned in December The only new issue […]
-
19 Dec 2018 2 min read
QuotedData’s economic roundup – December 2018
QuotedData’s economic roundup – December 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
-
18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]
-
11 Jul 2018 1 min read
QuotedData’s investment companies roundup – July 2018
QuotedData’s investment companies roundup – July 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove […]
-
2 min read
QuotedData’s Economic round up – July 2018
QuotedData’s Economic round up – July 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
-
12 Jun 2018 2 min read
Civitas Social Housing – Socially beneficial investing
Civitas Social Housing – Socially beneficial investing In a world where investors want above-average, predictable, inflation-linked income; returns from an asset class whose values do not move in-line with equity markets; the ability to buy and sell easily; AND the chance to invest in a company that provides a clear benefit to society, few investments […]
-
2 min read
Civitas Social Housing – Socially beneficial investing
Civitas Social Housing – Socially beneficial investing; In a world where investors want above-average, predictable, inflation-linked income; returns from an asset class whose values do not move in-line with equity markets; the ability to buy and sell easily; AND the chance to invest in a company that provides a clear benefit to society, few investments make […]
-
11 Jun 2018 2 min read
QuotedData’s investment companies roundup – June 2018
QuotedData’s investment companies roundup – June 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2018. Kindly sponsored by Baillie Gifford. The premium of biotech company, Syncona, rose on positive news on two of its […]
-
18 Jan 2018 2 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
-
10 Jan 2018 2 min read
QuotedData investment companies roundup – January 2018
QuotedData investment companies roundup – January 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2017. Kindly sponsored by Baillie Gifford. January Investment Companies Roundup Winners and losers in December Infrastructure India’s share price […]
-
11 Dec 2017 2 min read
QuotedData’s economic round up – December 2017
QuotedData’s economic round up – December 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
-
2 min read
QuotedData investment companies roundup – December 2017
QuotedData investment companies roundup – December 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no […]
-
23 Nov 2017 2 min read
IPO note: Aberdeen Standard European Logistics Income – “Regular and attractive income”
Aberdeen Standard European Logistics Income (ASLI or the company) is a new company that intends to qualify as an investment trust. It will invest in a diversified portfolio of ‘big box’ logistics and ‘last mile’ urban warehouse assets in Europe (this includes both the UK and the Nordic countries – download the research and view […]
-
10 Nov 2017 2 min read
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
-
12 Oct 2017 1 min read
QuotedData investment companies roundup – October 2017
QuotedData investment companies roundup – October 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2017. Kindly sponsored by Baillie Gifford. October Investment Companies Roundup Amongst the top performers, Alternative Liquidity Fund sold its […]
-
14 Sep 2017 2 min read
QuotedData investment companies roundup – September 2017
QuotedData investment companies roundup – September 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2017. Kindly sponsored by Baillie Gifford. September Investment Companies Roundup Winners and losers in August Ashmore Global’s […]
-
03 Aug 2017 2 min read
QuotedData investment companies roundup – August 2017
QuotedData investment companies roundup – August 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2017. Kindly sponsored by Baillie Gifford. August Investment Companies Roundup Monthly NAV/Price moves: A couple of themes stand out […]
-
12 Jul 2017 2 min read
QuotedData investment companies roundup – July 2017
QuotedData investment companies roundup – July 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]
-
14 Jun 2017 2 min read
QuotedData investment companies roundup – June 2017
QuotedData investment companies roundup – June 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2017. Kindly sponsored by Baillie Gifford. June Investment Companies Roundup Japan was one of the best places to be […]
-
16 May 2017 2 min read
QuotedData investment companies roundup – May 2017
QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]
-
31 Jan 2017 1 min read
QuotedData – 2016 review of the year
Our review of 2016 includes performance data, significant moves in discounts and premiums, money raised and money handed back, major news stories and links to the research we have published including our guide to investment companies. 2016 Annual roundup
-
07 Dec 2016 1 min read
QuotedData investment companies roundup – December 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2016. december-investment-companies-roundup
News
-
03 Mar 2021 1 min read
Civitas Social Housing achieves investment grade credit rating
Civitas Social Housing has secured Investment Grade credit rating with Fitch Ratings. It has been rated High Credit Quality rating of “A” (senior secured) and a Long-Term IDR (Issuer Default Rating) of “A-” with a stable outlook. The rating will allow Civitas to grow its debt funding strategy and gives it access the broader bond […]
-
19 Feb 2021 2 min read
Civitas Social Housing announces seven year term facility with M&G
Civitas Social Housing (CSH) has announced that the Company has secured a new seven year term, interest only, loan facility of £84.55m from M&G Investment Management Limited, a new lender to the Company. The new facility is priced at 2.75% above a fixed rate set by reference to the LIBOR swap rate of the loan […]
-
15 Feb 2021 3 min read
QuotedData’s morning briefing 15 February 2021
In QuotedData’s morning briefing 15 February 2021: Tritax EuroBox (EBOX) has sold its asset in Lodz, Poland for €65.5 million, 15% above its most recent valuation at 30 September 2020 and, based on the company’s target gearing of 45%, delivering an attractive geared IRR of 16.5% to shareholders. They bought this is April 2019 and completed a […]
-
02 Feb 2021 2 min read
Civitas Social Housing agrees new debt facility
Civitas Social Housing has agreed a new debt facility that will allow it to grow its portfolio. The group made the announcement with its quarterly net asset value (NAV) update today, but said the terms of the facility would be revealed shortly. It added: “Following completion of certain formalities and on drawdown the company expects […]
-
17 Dec 2020 3 min read
QuotedData’s morning briefing 17 December 2020
In QuotedData’s morning briefing 17 December 2020: Schroder BSC Social Impact Trust has raised gross proceeds of £75m from its IPO. The company will use part of the net proceeds to acquire seven assets from Big Society Capital with the balance of the net proceeds to be invested in accordance with the company’s investment policy and/or used […]
-
30 Nov 2020 2 min read
Civitas Social Housing posts solid interims
Civitas Social Housing has posted a solid set of interim results in which most metrics saw positive moves. Its IFRS net asset value (NAV) per share nudged up slightly to 108.01p in the six months to the end of September (March 2020: 107.87p). The group’s property portfolio was valued at £898.5m, up 6.77% on last […]
-
27 Nov 2020 3 min read
QD view – positive social impact
Thanks to everyone that tuned into the ‘E’ for environmental day of our ESG conference this week. If you missed it, you can listen back to presentations by the AIC, Bluefield Solar, SDCL Energy Efficiency and Jupiter Green here. Next Tuesday it is the turn of ‘S’ for Social. The line-up for the social day […]
-
06 Nov 2020 5 min read
Civitas Social Housing provides market update
Civitas Social Housing has announced its net asset value as at 30 September 2020, made a dividend declaration and has provided a trading and market update. The key highlights from the announcement are as follows: Strong financial and operational performance in line with expectations IFRS NAV per share 108.01p (30 June 2020: 107.92p) Rents received […]
-
13 Oct 2020 2 min read
Civitas responds to regulatory notices on two tenants
Civitas Social Housing has responded to notices served on two of its tenants by the Regulator of Social Housing. Westmoreland Supported Housing and Trinity Housing Association have been issued regulatory notices declaring them in breach of the Rent Standard. Specialist supported housing (which Civitas owns) is exempt from Rent Standard requirements because it has been designed […]
-
06 Aug 2020 1 min read
Civitas confirms cash raise likely, portfolio on-track
Civitas confirms cash raise likely, portfolio on-track – NAV edges up to 107.92p at end June from 107.87p at end March. Rents received as normal with no COVID 19 impact during the quarter. 1.35p dividend declared for the quarter as planned – on track for 5.4p for full year. The portfolio was valued on a yield of […]
-
03 Jul 2020 2 min read
Solid results from Civitas set stage for growth
In all the covid-induced uncertainty in the property market, it was refreshing to see a REIT report strong figures and prospects for the future this week. Civitas Social Housing’s full year results saw it deliver a total return to shareholders of 20.4%, increase its NAV, and boost its dividend target for FY2021 to 5.4p. The […]
-
30 Jun 2020 1 min read
Civitas Social Housing delivers on promises
Civitas Social Housing delivers on promises – over the year ended 31 March 2020, Civitas Social Housing delivered a total return to shareholders of 20.4%, an increased NAV (up to 107.87 from 107.08), its dividend target of 5.3p (up from 5.0p), and a run-rate dividend cover of 100% as at 31 March 2020. the new […]
-
04 Jun 2020 1 min read
QuotedData’s morning briefing 4 June 2020
In QuotedData’s morning briefing 4 June 2020: Securities Trust of Scotland served notice on Martin Currie after it found out that Mark Whitehead (the portfolio manager) had resigned from Martin Currie – he leaves on 1 December 2020. “The board will be undertaking a review of its management arrangements, which process will include Martin Currie, and […]
-
03 Jun 2020 1 min read
QuotedData’s morning briefing 3 June 2020
Gresham House Energy Storage (GRID) is assessing options to raise debt finance, to fund the acquisition of new battery storage projects. GRID’s previously communicated plans include commissioning a further 190MW of battery storage in 2020, increasing total capacity to 364MW by the end of this year. Civitas Social Housing (CSH), the London-listed REIT dedicated to investing […]
-
11 May 2020 5 min read
Civitas Social Housing collects 99% of rent over March-end quarter
Civitas Social Housing (CSH) has released a trading and market update, covering the quarterly period to 31 March 2020. Performance was in line with expectations, with the company saying that it has so far not been adversely impacted by covid-19. In the statement, it was noted: “The board believes that the company operates a robust […]
-
24 Apr 2020 3 min read
Value to be found in property funds
Covid-19 has obliterated the property market with tenants across all sectors struggling with cash flow problems as various measures to restrict the spread of the disease have been stepped up in most countries. This has had a devastating effect on the rental income of property companies, which have in some cases received as little as […]
-
19 Mar 2020 2 min read
Civitas Social Housing acquires £20m portfolio
Civitas Social Housing has acquired a portfolio of properties for £19.6m, bringing its run-rate dividend cover to 100%. The group has completed the purchase of five freehold properties comprising 63 tenancies for £17.8m and exchanged contracts on three further properties comprising 11 tenancies for £1.8m. The properties are located in Hertfordshire, Shropshire and Tyne and Wear, over […]
-
12 Feb 2020 1 min read
QuotedData’s other news 12 February 2020
In QuotedData’s other news 12 February 2020 – Witan Investment Trust has announced that it has become a signatory of the UN supported Principles for Responsible Investment (PRI). The PRI signatories are a global network of asset managers, owners and service providers working together to put responsible investment into practice and to report publicly on their progress in […]
-
2 min read
Health Secretary targeted for failing people with learning difficulties and autism
Health Secretary targeted for failing people with learning difficulties and autism – More investment needed in accommodation for people with learning difficulties and autism The Equality and Human Rights Commission has launched a legal challenge against the Secretary of State for Health and Social Care over the repeated failure to move people with learning disabilities and autism […]
-
05 Feb 2020 1 min read
Marten & Co Income Strategies Conference 2020
Marten & Co Income Strategies Conference 2020 Many thanks to those of you who made it to our inaugral Marten & Co Income Strategies Conference. We had some great presentations from a diverse range of income funds. JLEN Environmental – Shires Income – Civitas Social Housing – Henderson Diversified Income – Polar Capital Global Financials The […]
-
29 Jan 2020 2 min read
Civitas NAV edges up despite inflation fall
Civitas NAV edges up despite inflation fall – Civitas Social Housing has announced its NAV at the end of December 2019 and it has edged up from 107.23p at the end of September to 107.55p at 31 December. This is despite an increase in the net initial yield used to value the portfolio from 5.28% […]
-
02 Dec 2019 4 min read
Civitas Social Housing reports half-year results as portfolio grows to nearly 600 properties
Civitas Social Housing reports half-year results as portfolio grows to nearly 600 properties – Civitas Social Housing, the supported living and social housing REIT, has released half-year results to 30 September 2019. CSH’s chairman, Michael Wrobel, commented: “The company is pleased to report a strong set of results with our key performance objectives met. We continue to […]
-
22 Nov 2019 2 min read
Civitas Social Housing appoints Alison Hadden to its board
Civitas Social Housing appoints Alison Hadden to its board – The board of Civitas Social Housing (CSH) has announced the appointment of Alison Hadden as an independent non-executive director of the company. CSH note that Alison brings a depth of experience within social housing and local government, having started her career at Dudley Metropolitan Borough […]
-
1 min read
QuotedData’s other news 22 November 2019
In QuotedData’s other news 22 November 2019 – BMO Private Equity (BPET) announced results for the third quarter period to 30 September 2019. The company delivered an NAV total return of 1.7 per cent (share price total return was 3.4%) while outstanding undrawn commitments were £124.1m with around £17.5m of these to funds where the investment […]
-
11 Nov 2019 2 min read
QuotedData’s other news 11 November
In QuotedData’s other news 11 November – Civitas Social Housing (CSH), the real estate investment trust (REIT) dedicated to investing into regulated social housing across the UK, will report half year results for the period ended 30 September 2019 on Monday 2 December 2019. Yew Grove REIT (YEW), which owns a diversified portfolio of Irish […]
-
07 Nov 2019 3 min read
Civitas Social Housing quarterly update affirms regulator has no issue with model
Civitas Social Housing quarterly update affirms regulator has no issue with model – Civitas Social Housing (CSH) has released a quarterly update, to 30 September 2019. Highlights: Annualised rent roll £46.5m (30 June 2019: £46.0m) IFRS NAV per share 107.23p (30 June 2019: 107.21p) 1.325p quarterly dividend declared EPRA dividend cover 88% (EPRA run rate […]
-
17 Sep 2019 1 min read
QuotedData’s other news 17 September 2019
In QuotedData’s other news 17 September 2019 – Civitas Social Housing, announced the appointment of Liberum Capital Limited as joint corporate broker to act alongside Cenkos Securities PLC, the company’s existing corporate broker. PRS REIT, the new build private homes investors, provided a trading update covering the two months to end-August 2019, since the end of its […]
-
12 Sep 2019 3 min read
Civitas Social Housing supports Westmoreland Board appointments
Civitas Social Housing (CSH) has announced that it supports the appointment of three additional Board members to the Westmoreland Supported Housing Board (as announced on 11 September 2019 by the Regulator of Social Housing). Civitas says that it “remains supportive of the Westmoreland Board’s ongoing actions to improve governance and is confident that the three new […]
-
10 Sep 2019 2 min read
Civitas Social Housing announces £60m loan facility with option for further £40m
Civitas Social Housing announces £60m loan facility with option for further £40m – Civitas Social Housing (CSH) has this morning announced that it has agreed a £60m 5 year term loan facility with national Westminster Bank Plc (NatWest). The loan agreement includes the option to extend for an additional two years as well as the option of […]
-
2 min read
QuotedData’s other news 10 September 2019
In QuotedData’s other news 10 September 2019 – Some half-year results announcements, including: GCP Asset Backed Income reported interim results to 30 June 2019; loans of £55.4m were advanced over the period, secured against 20 projects.The company ended the period with exposure to a diversified and partially inflation and/or interest rate protected portfolio of 40 asset […]
-
13 Aug 2019 2 min read
QuotedData’s other news 13 August 2019
In QuotedData’s other news 13 August 2019 The global smaller companies fund, Smithson (SSON), has reported interim results covering the period from its incorporation in August 2018 to 30 June 2019. From the date of the company’s launch on 19 October 2018 to 30 June 2019, NAV per share total return was 20.3% compared with the MSCI […]
-
06 Aug 2019 3 min read
Onwards and upwards at Civitas
Onwards and upwards at Civitas – on the face of it, the second quarter of 2019 was a relatively quiet one for Civitas Social Housing. Its NAV at the end of June 2019 rose to 107.21p, up from 107.08p and the annualised rent roll went from £45.7m to £46m. The quarterly dividend was 1.325p, in […]
-
24 Jun 2019 3 min read
QuotedData attends Civitas annual results
QuotedData attends Civitas annual results – Civitas Social Housing (CSH) presented its annual results, to 31 March 2019, at an analyst briefing earlier this morning. The company says the portfolio has been independently judged to have produced £114m worth of social value to date, including £59m annual direct savings to the taxpayer. We will discuss […]
-
21 May 2019 3 min read
Westmoreland failings do not affect Civitas or TriplePoint
Westmoreland failings do not affect Civitas or TriplePoint – On 20 May 2019 the Regulator for Social Housing issued a judgement on Westmoreland Supported Housing (a Registered Provider that features in both Civitas Social Housing and Triple Point Social Housing’s portfolios). The judgement relates to a number of properties that Westmoreland is responsible for but […]
-
16 May 2019 2 min read
QuotedData’s other news 16 May 2019
BBGI SICAV (BBGI), the global public private partnership (PPP) infrastructure investment company, announced that it had completed the acquisition of a further 33.3% equity interest in the Ohio River Bridges – East End Crossing PPP Project and now owns 66.6% of the equity in the project. The project is a large-scale availability-based infrastructure project that […]
-
14 May 2019 3 min read
Feedback from Civitas Capital Markets Day
Feedback from Civitas Capital Markets Day – Civitas held its Capital Markets Day yesterday and, as promised, here are a few comments from us. We’ll incorporate most of this, with more detail, into our next research note on the company. First, the presentations (which were only open to professional investors) were well attended. There seems to […]
-
13 May 2019 1 min read
QuotedData’s other news 13 May 2019
Starwood European Real Estate Finance (SWEF) has this morning announced that it has raised £40m in an ordinary share placing. The placing was announced on May 7, which we covered here. Sirius Real Estate, a leading operator of branded business parks providing conventional space and flexible workspace in Germany, has completed the acquisition of Buxtehude […]
-
5 min read
Civitas NAV rises in first quarter
Civitas NAV rises in first quarter – the following announcement was released at 7:00am this morning “The Board of Civitas Social Housing PLC (“Board”), a leading London listed Real Estate Investment Trust (“REIT”) dedicated to investing into regulated social housing in England and Wales, is pleased to announce its quarterly net asset value (“Net Asset […]
-
09 May 2019 1 min read
QuotedData’s other news 9 May 2019
Baker Steel has announced details of its tender – a tender offer for up to 9,677,498 shares (about one share for every 12 issued shares) at a tender price of 51p per share. The price represents a premium of 10.9% to the closing bid price on 7 May 2019 and a discount of 10.2% to the […]
-
2 min read
Civitas comments on BeST ruling
Civitas comments on BeST ruling – The Regulator of Social Housing issued a judgement on Bespoke Supportive Tenancies Limited (“BeST”), which provides accommodation for vulnerable adults from various client groups including adults with learning disabilities, physical disabilities, sensory impairment, mental health needs, mothers fleeing domestic abuse and adults who are homeless. BeST is one of the […]
-
08 May 2019 1 min read
QuotedData’s other news 8 May 2019
JZ Capital Partners (JZCP) reported annual results covering the period to February 28, 2019. The company, which mainly invests in US and European microcap companies and US real estate, delivered an NAV return of +0.6%. David Zalaznick, JZCP’s co-founder and investment adviser, said: “We are pleased with the continued strong underlying performance of the US and European microcap […]
-
29 Apr 2019 2 min read
QuotedData’s other news 29 April 2019
RDL Realisation’s (RDL) board has requested that its ordinary shares and zero dividend preference shares be temporarily suspended from trading on the London stock exchange with immediate effect as the company is not in a position to publish its audited annual report by the end of tomorrow (30 April 2019), This delay is among other things due to […]
-
2 min read
Civitas amends fee structure
Civitas amends fee structure – Civitas Social Housing’s board and investment adviser have agreed to change the way that the adviser’s fees are calculated so that they are based on IFRS NAV instead of Portfolio NAV. The difference between the two NAVs is explained in our note Socially beneficial investing (see page 10). As the IFRS […]
-
10 Apr 2019 4 min read
Civitas updates on portfolio
Civitas updates on portfolio – Civitas Housing Advisors has published an update on the Civitas Social Housing portfolio and some commentary on the social housing sector. This follows the release of a report on the sector from the Regulator. Coincidentally, The Regulator has announced the findings of its review of Encircle Housing. At the end […]
-
04 Apr 2019 1 min read
Regulator issues report on social housing sector
Regulator issues report on social housing sector – The Regulator of Social Housing has published a report on ‘Lease-based providers of specialised supported housing’ – the sorts of registered providers that are the counterparties to leases provided by Civitas Social Housing and Triple Point Social Housing REIT. You can read the report here Civitas had this […]
-
21 Mar 2019 3 min read
Civitas Social Housing adds 331 tenants with £85.6m deal
Civitas Social Housing adds 331 tenants with £85.6m deal – Civitas Social Housing has announced that has completed the purchase of 19 regulated social housing properties at a cost of £73.5m and has exchanged contracts on two further properties at a cost of £12.1m (completion on these two properties is expected after “certain works” have been […]
-
19 Feb 2019 2 min read
Civitas Social Housing buys nine properties for £7.8m
Civitas Social Housing has announced that it has completed the purchase of 9 regulated social housing properties, comprising 42 tenancies, for a total consideration of £7.8m. The properties are leased to Encircle Housing Limited, Auckland Home Solutions C.I.C. and Inclusion Housing C.I.C. all of which are regulated by the Regulator of Social Housing and are […]
-
16 Feb 2019 2 min read
Judgement issued on Inclusion Housing CIC
Judgement issued on Inclusion Housing CIC – The Regulator of Social Housing has issued a regulatory judgment in respect of Inclusion, one of the 15 housing associations working with Civitas. Inclusion has been issued with a G3 grading in terms of Governance and a V3 grading in terms of Financial Viability. These are the same gradings […]
-
31 Jan 2019 6 min read
Civitas Social Housing updates market – Annualised rent roll breaks through £40m
Key highlights: Civitas Social Housing (CSH) has released its quarterly NAV and market update announcement. Key highlights are as follows: The IFRS NAV per share increased by 0.4% to 106.5p during the quarter (30 Sept 106.1p). This includes the recognition of two dividends in the quarter, and is equivalent to a total return of 2.6%. […]
-
28 Jan 2019 2 min read
Civitas Social Housing notes Bespoke Supportive Tenancies grading under review
Civitas Social Housing (CSH) has promptly announced that the Regulator of Social Housing (RSH) has issued a grading under review notice in respect of Bespoke Supportive Tenancies (BeST), one of the 15 housing associations that it is working with. CSH says that, as at 31 December 2018, BeST represents 4.3% of its net asset value […]
-
05 Dec 2018 5 min read
Civitas issues update on Westmoreland
Civitas issues update on Westmoreland – Following the publication of the recent investment adviser’s update commentary on 30 November 2018 (which we referred to in our article), Civitas Social Housing is now providing shareholders with a further update with respect to Westmoreland. Update on Westmoreland As at today’s date, 5 December 2018, Westmoreland represents 22.6% of […]
-
03 Dec 2018 4 min read
Westmoreland rated V3G3 but Triple Point says impact minimal
Westmoreland rated V3G3 but Triple Point says impact minimal – Triple Point Social Housing REIT has made an announcement following the Regulatory Judgement published today by the Regulator of Social Housing in relation to Westmoreland Supported Housing Association. Westmoreland, a registered provider focused on the supported housing sector, has 1,379 social housing units under management and […]
-
09 Nov 2018 4 min read
Regulator verdict on Trinity Housing
Regulator verdict on Trinity Housing – Following on from our story of 3 October, The Regulator for Social Housing has passed a regulatory judgement on Trinity Housing Association. Its conclusion on governance and viability is: G3 (Non-compliant) The provider does not meet our governance requirements. There are issues of serious regulatory concern and in agreement […]
-
15 Oct 2018 2 min read
Regulator looking into Westmoreland Supported Housing
Regulator looking into Westmoreland Supported Housing – The Regulator of Social Housing has published a new grading under review notice – this time on Westmoreland Supported Housing, a leading registered provider in the portfolios of Civitas Social Housing and Triple Point Social Housing REIT. The notice says “The Regulator of Social Housing reports that Westmoreland Supported Housing Limited […]
-
05 Oct 2018 1 min read
Civitas adds another three properties
Civitas adds another three properties – Civitas Social Housing PLC has announced the purchase of three specialist supported living properties for a total consideration of £8,064,109, comprising 42 tenancies. The properties are leased to Falcon Housing Association C.I.C. (“Falcon”) and Inclusion Housing C.I.C (“Inclusion”) both of which are regulated by the Regulator of Social Housing and is a counterparty […]
-
03 Oct 2018 3 min read
Another registered provider being reviewed by regulator
Another registered provider being reviewed by regulator – on 18 September 2018 the Regulator of Social Housing published a ‘Grading under review notice’ on Trinity Housing Association Limited. The notice says that “Trinity Housing Association Limited does not currently have a regulatory judgement as it previously held less than 1,000 homes. We are investigating a […]
-
12 Jul 2018 2 min read
GCP Infrastructure on First Priority Housing
GCP Infrastructure on First Priority Housing – Civitas Social Housing was not the only fund with exposure to First Priority Housing, the housing association that got itself into difficulties when it ended up with a lot of empty properties. On 22 February 2018 the Board of GCP Infrastructure announced that the directors and the investment adviser, Gravis Capital Management, were monitoring […]
-
22 Feb 2018 4 min read
Civitas Social Housing comments on First Priority Housing Association
Civitas Social Housing comments on First Priority Housing Association – Civitas Social Housing leases 45 properties to First Priority Housing Association. Regulator’s report The Regulator of Social Housing released a report last week that said: First Priority Housing Association Limited (4702) is a small Registered Provider of homes for a vulnerable client group, primarily adults […]
-
20 Dec 2017 2 min read
Civitas Social Housing acquires 61 properties
Civitas Social Housing acquires 61 properties – The board of Civitas Social Housing says it has completed the acquisition of 57 properties, comprising 405 tenancies or places, for a total consideration of GBP116.6 million. The company has also exchanged contracts (with completion expected shortly) for the acquisition of 4 properties, comprising 22 tenancies for a […]
-
09 Oct 2017 2 min read
Civitas expands portfolio
Civitas expands portfolio – Civitas Social Housing PLC has completed the purchase of two specialist supported living and residential care investments for a total consideration of £8.5 million, comprising the freehold interest in 5 properties, with 43 tenancies. The properties are immediately income generating with an initial net yield in line with the Company’s expectations and both […]
-
25 Sep 2017 5 min read
Large cap focus restrains City of London
Large cap focus restrains City of London – City of London Investment Trust has published results for the year ended 30 June 2017. Its returns fell behind those of peers and index benchmarks over the period. City of London’s net asset value total return was 14.5% which was 3.3% behind the size weighted average over […]
-
12 Sep 2017 2 min read
Civitas considering new fundraise
Civitas considering new fundraise – following the recent announcement of the acquisition of 11 properties for a consideration of GBP5.8 million the total equity invested by Civitas Social Housing REIT since IPO now exceeds GBP284 million (before purchase costs). Civitas has now established a diverse portfolio of built and income generating social homes in England and Wales […]
-
05 Sep 2017 2 min read
Civitas adds three supported living portfolios
Civitas adds three supported living portfolios – Civitas Social Housing REIT has completed the purchase of three portfolios of specialist supported living for a total consideration of GBP5.8 million, comprising the freehold interest in 11 properties, with 52 tenancies. The portfolios are immediately income generating with an initial net yield in line with expectations and […]
-
04 Sep 2017 1 min read
Investment Trust Insider on Triple Point Social Housing REIT
James Carthew: how the two social housing Reits compare Triple Point Social Housing (SOHO) is one of the recent crop of new issues in the burgeoning housing real estate investment trust (Reit) sub-sector. It raised £200 million in an oversubscribed issue at a time when rival launches struggled to meet their targets and some were […]
-
15 Aug 2017 2 min read
Civitas Social Housing invests in South West
Civitas Social Housing invests in South West – The Board of Civitas Social Housing PLC has announced that the company has completed the purchase of a portfolio of regulated social housing for a total consideration of GBP4.8 million, comprising the freehold interest in five supported living properties, with 28 tenancies, in the South West of […]
-
11 Aug 2017 2 min read
Civitas invests another £22.9m
Civitas invests another £22.9m – Civitas Social Housing PLC has completed the purchase of a portfolio of regulated social housing for a total consideration of GBP22.9 million, comprising the freehold interest in 21 supported living properties, with 183 tenancies, in the South West of England. The portfolio is immediately income generating with an initial net […]
-
13 Jul 2017 2 min read
Civitas Social Housing buys New Walk portfolio
Civitas Social Housing buys New Walk portfolio – The Board of Civitas Social Housing has announced the purchase of a portfolio of regulated social housing for a total consideration of GBP18.5 million, comprising the freehold interest in 41 properties, with 194 tenancies, in North East England. The portfolio is immediately income generating with an initial net yield […]
-
03 Jul 2017 2 min read
Civitas buys 19 supported living properties
Civitas buys 19 supported living properties – the Board of Civitas Social Housing PLC has announced that the company has completed the purchase of a portfolio of regulated social housing for a total consideration of GBP15.4 million, comprising the freehold interest in 19 supported living properties, with 95 tenancies, in Yorkshire and the Humber, the East […]
-
06 Jun 2017 2 min read
Civitas Social Housing completes £2.0m Acquisition of Supported Living Properties
Civitas Social Housing (CSH) has announced that it has completed the purchase of a portfolio of regulated social housing for a total consideration of £2.0 million, comprising the freehold interest in 6 supported living properties, with 12 tenancies, in Southampton. CSH says that the portfolio is immediately income generating with an initial net yield in […]
-
22 May 2017 2 min read
Civitas Social Housing acquires portfolio of supported living properties for £6.0m
Civitas Social Housing (CSH) has announced that it has completed the purchase of a portfolio of regulated social housing for a total consideration of £6.0 million, comprising the freehold interest in supported living properties, with 52 tenancies, in North East England. The acquisition was funded using the company’s existing cash resources. CSH says that the […]
-
10 May 2017 1 min read
Investment Trust Insider on Civitas
Traditionally, the listed UK property sector was all about offices, warehouses and shops but, increasingly, residential property is coming into the mix. A couple of weeks ago I looked at two real estate investment trusts (Reits) focused on investments in care homes: Target Healthcare (THRL) and touched on the newly launched Impact Healthcare (IHR). We […]
-
08 May 2017 2 min read
Civitas Social Housing REIT adds another 19 properties
Civitas Social Housing REIT has completed the purchase of two portfolios of regulated social housing for a total consideration of GBP19.3 million, comprising the freehold interest in 19 supported living properties, with 98 tenancies. The portfolios are immediately income generating with initial net yields in line with the company’s expectations and both were sourced off-market by […]
-
24 Apr 2017 2 min read
Civitas invests another £3.5m
Civitas Social Housing PLC has completed the purchase of a portfolio of regulated social housing for a total consideration of GBP3.5 million, comprising the freehold interest in 3 supported living properties, with 13 tenancies, in the West Midlands and South East of England. The portfolio is immediately income generating with an initial net yield of […]
-
19 Apr 2017 3 min read
Civitas Social Housing buys ten care homes
Civitas Social Housing has exchanged contracts on the purchase of a portfolio of regulated social housing for a total consideration of GBP11.5 million. The portfolio includes ten care homes and 79 tenancies across the Midlands, managed by Inclusion Housing Association, which is regulated by the HCA. This portfolio was sourced off-market by Civitas Housing Advisors […]
-
03 Apr 2017 2 min read
Civitas invests a further £17m
Civitas Social Housing has completed the purchase of a portfolio of regulated social housing for a total consideration of £17 million, comprising the freehold interest in 16 supported living properties, with 92 tenancies, across the south of England. The portfolio is immediately income generating with an initial net yield of 6.0%, based on the purchase […]
-
23 Dec 2016 2 min read
Civitas Social Housing acquires supported living portfolio for £15m
Civitas Social Housing (Civitas) has announced that it has completed a £15m acquisition of a portfolio, with an initial net yield of 6.5%, comprising the freehold interest in 17 supported living properties in Gloucester, Weston-Super-Mare, the Wirral and Durham. The acquisition is the company’s second since its IPO and the portfolio provides long term housing […]
Upcoming Events
Videos
In The Press
-
05 Oct 2020 2 min read
Should you face the music over dividend cuts and dip into capital?
Should you face the music over dividend cuts and dip into capital? It’s seen as taboo – but some experts say now may be the time to break the golden rule By ANNE ASHWORTH FOR THE DAILY MAIL PUBLISHED: 21:51, 2 October 2020 | UPDATED: 13:26, 4 October 2020 These are dispiriting days for those needing a decent income from […]
-
04 May 2020 2 min read
Where to find value in property trusts
Where to find value in property trusts 30 April 2020, Trustnet By Richard Williams, QuotedData Covid-19 has obliterated the property market, with tenants across all sectors struggling with cash flow problems as various measures to restrict the spread of the disease have been stepped up. This has had a devastating impact on the rental income […]
-
16 Apr 2020 2 min read
Alternative income trusts for the dividend drought
Alternative investment trusts for the dividend drought By Dave Baxter, Investors Chronicle, 16 April 2020 Some 45 per cent of UK companies had scrapped their dividends by 5 April and the situation is likely to deteriorate… But equity trusts are not the only source of income – many investment trusts focused on alternative asset classes such […]
-
29 Oct 2019 2 min read
Social housing concerns: storm in a teacup?
Money Observer, October 23, 2019 by Hannah Smith ..Social housing investment trusts seemed like a promising investment opportunity when they began courting investors three years ago..But these specialist real estate investment trusts (REITs) haven’t proved as safe as houses, as discounts have ballooned and share prices have fallen in 2019. The reason for this was a series […]
-
04 Apr 2019 2 min read
Investment Trust Insider on Triple Point Social Housing
Investment Trust Insider on Triple Point Social Housing – James Carthew: thank goodness for social housing Triple Point Social Housing (SOHO), the smaller of the two real estate investment trusts (Reit) focused on supported living properties, has published its first full set of annual results. These made positive reading with a total return of 7.5% on […]