QuotedData Retail - Civitas Social Housing Plc (CSH) Targeting full dividend cover

Report

QuotedData Retail

James Carthew

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 negotiations to secure a separate £70m loan. QuotedData estimates that, if CSH moves to a fully invested position, which it expects to by the end of March 2020, it should comfortably be able to fully cover its dividend from operations.

12/09/2019 1 EN

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

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GB00BD8HBD32 London Stock Exchange United Kingdom

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QuotedData Retail

QuotedData you with provides access to research on Investment Companies, Investment Trusts and Mining companies. Our aim is to provide you all the information you might need to make your own investment decisions. We cannot offer you advice on your investments.

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Analysts

James Carthew

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Targeting full dividend cover

Form 8.3 - The Vanguard Group, Inc.: Civitas Social Housing plc

Form 8.3 - The Vanguard Group, Inc.: Civitas Social Housing plc

Form 8.3 -Civitas Social Housing plc

GCP Infrastructure - Substantive progress

AVI Global Trust – No shortage of targets

Fuel for (AI powered) thought

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