Civitas Social Housing PLC Civitas Social Housing PLC: Net Asset Value (0106U)
October 18 2017 - 12:17PM
UK Regulatory
TIDMCSH
RNS Number : 0106U
Civitas Social Housing PLC
18 October 2017
18 October 2017
CIVITAS SOCIAL HOUSING PLC
("Civitas" or the "Company")
Net Asset Value
Following publication today of a Prospectus (incorporating an
independent valuation of the Company's investment properties at 30
September 2017 by Jones Laing LaSalle Ltd) in relation to the
intended issue of C shares, the Board of Civitas Social Housing PLC
("Board"), the first London listed REIT dedicated to investing into
regulated social housing in England and Wales, is pleased to
announce its net asset value ("NAV") as at 30 September 2017.
Net Asset Value
As at the close of business on 30 September 2017 the unaudited
NAV of the Company was 109.8p per ordinary share, calculated in
accordance with the Company's normal accounting policies, prepared
in accordance with EPRA best practice recommendations and
procedures and reflecting an independent RICS "Red Book" portfolio
valuation undertaken by Jones Lang LaSalle Ltd. as at 30(th)
September 2017.
The NAV as at 30 September 2017 represents an increase since IPO
(based on 98.0 pence per ordinary share), of 12 per cent.
The movement in net asset value since 30 June 2017 is as
follows:
GBP
--------------------------------------- ------------
Net Asset Value as at 30 June 2017(1) 368,653,269
--------------------------------------- ------------
Operating profits 2,683,104
--------------------------------------- ------------
Capital appreciation 15,425,073
--------------------------------------- ------------
Dividend paid (2,625,000)
--------------------------------------- ------------
Net Asset Value as at 30 September
2017 (1) 384,136,446
--------------------------------------- ------------
(1) based on portfolio valuation
Quarterly Dividend
The Company will, in the ordinary course around the end of
October 2017 make its usual announcement in respect of the third
quarterly dividend, including the intended date of payment and the
ex dividend date.
For further information, please contact:
Civitas Housing Advisors Limited
Paul Bridge Tel: +44 (0)20 3709 4622
Andrew Dawber Tel: +44 (0)20 3709 4626
Cenkos Securities PLC
Sapna Shah Tel: +44 (0)20 7397 1922
Tom Scrivens Tel: +44 (0)20 7397 1915
Pagefield
Philip Dennis Tel: +44 (0)7947 868206
David Leslie Tel: +44 (0)7584 070274
Notes:
Civitas Social Housing PLC is the first Real Estate Investment
Trust offering pure play exposure to social housing in England and
Wales. The Company is managed by Civitas Housing Advisors Limited.
The Companys ordinary shares are listed on the premium listing
segment of the Official List of the Financial Conduct Authority and
were admitted to trading on the main market for listed securities
of the London Stock Exchange in November 2016.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NAVFFEFWAFWSEFS
(END) Dow Jones Newswires
October 18, 2017 13:17 ET (17:17 GMT)
Civitas Social Housing (LSE:CSH)
Historical Stock Chart
From Apr 2024 to May 2024
Civitas Social Housing (LSE:CSH)
Historical Stock Chart
From May 2023 to May 2024