Report

Civitas Social Housing - Further growth in Q320

A business update for the quarter ended 31 December 2019 (Q320) shows an increase in IFRS NAV per share to 107.55p. Including dividends paid the accounting total return was 1.53% (6.3% annualised). Rent indexation and portfolio acquisitions increased annualised rent roll and the run-rate of dividend cover increased further to 97%. We make no change to our forecast set out in our detailed post-interim results note.
Underlying
Civitas Social Housing Plc

Civitas Social Housing is a real estate investment trust investing into existing portfolios of built social homes in England and Wales. Investment Manager: Langham Hall UK Services LLP Investment Adviser: Civitas Housing Advisors Limited

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Martyn King

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