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Civitas Social Housing raises dividend on 'strong' FY performance

Tue, 11th May 2021 08:19

(Sharecast News) - Real estate investment trust Civitas Social Housing said on Tuesday that it had delivered a "strong financial and operational performance" in the year ended 31 March, in line with expectations.
Annual rent roll increased from £48.4m to £50.4m and Civitas said 99% of rents due and payable for the full year had been received across its 619 properties, with the remaining balance expected shortly.

IFRS net asset value per share also increased, up from 107.87p to 108.3p, as Civitas noted rents were received as expected with no Covid-19 impact.

The FTSE 250-listed business declared a 1.35p quarterly dividend and highlighted that it now plans to target a full-year dividend of 5.55p per ordinary share - an increase of 2.8% to the prior year.

Chief executive Paul Bridge said: "This strong performance reflects the high level of structural demand for good quality homes for vulnerable people, and our expertise in providing this service. In addition, we are enthused about the work we are undertaking to enhance the environmental performance of our properties, and also about our further diversification into specialist homelessness services. We continue to see further opportunities to enhance shareholder returns and to create a beneficial impact for society as a whole through our activities."

As of 0815 BST, Civitas shares were down 0.70% at 115.98p.
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22 Oct 2018 09:06

Civitas Social Housing To Buy Four Properties For GBP8.8 Million

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4 Oct 2018 09:12

Civitas Social Housing Acquires Three Properties For GBP8 Million

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7 Sep 2018 10:36

Civitas acquires eight regulated social housing properties

(Sharecast News) - Civitas Social Housing has completed the purchase of eight regulated social housing properties for a total consideration of £38.27m, comprising 126 residencies, it announced on Friday.

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7 Sep 2018 09:15

Civitas Social Housing Buys Eight Properties For GBP38.3 Million

LONDON (Alliance News) - Property investor Civitas Social Housing PLC said Friday it purchased eight social housing properties for a combined GBP38.3 million.Each of the properties is to a

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28 Aug 2018 11:24

Civitas Social Housing Acquires Four Properties For GBP32 Million

LONDON (Alliance News) - Civitas Social Housing PLC said on Tuesday it has acquired four regulated social housing properties for a total of GBP31.9 million.The portfolio is made up of 92 of

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22 Aug 2018 11:44

Civitas Social Housing Acquires Portfolio For GBP38 Million

LONDON (Alliance News) - Civitas Social Housing PLC said Wednesday it has acquired a portfolio of regulated social housing for a total of GBP37.6 million.The portfolio comprises 67 with 362

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6 Aug 2018 10:58

Civitas Social Housing Acquires Three Properties For GBP4 Million

LONDON (Alliance News) - Civitas Social Housing PLC on Monday said it completed the purchase of two specialist supported living properties and one registered care property for GBP3.9 properties, a

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26 Jul 2018 16:41

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14 Jun 2018 12:41

Civitas Social Housing Acquires Seven Properties For GBP5.4 Million

LONDON (Alliance News) - Civitas Social Housing PLC said on Thursday it has acquired six specialist supported living properties and one residential care property for GBP5.4 million.The of

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12 Jun 2018 09:58

Civitas Social Housing Says Net Asset Value Rises 8% Since Listing

LONDON (Alliance News) - Property investor Civitas Social Housing PLC said Tuesday its net asset value per share grew 7.7% in just over 16 months from its initial public offering in November 2016

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11 Jun 2018 09:12

Civitas Social Housing Buys Five Properties For GBP9 Million

LONDON (Alliance News) - Property investor Civitas Social Housing PLC said Monday it purchased five supported-living properties for a combined GBP9.0 million.Each of the properties is to a

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1 Jun 2018 09:56

Civitas Social Housing Snaps Up Four Residential Care Properties

LONDON (Alliance News) - Civitas Social Housing PLC said Friday it has bought four residential care properties in a deal worth GBP8.2 million.The properties, located in the Midlands, 53 and

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30 May 2018 13:47

Civitas Social Housing Quarterly NAV Rises, Keeps 2018 Dividend Target

LONDON (Alliance News) - Civitas Social Housing PLC on Wednesday declared its quarterly dividend amid a rise in net asset value over the past six months.Net asset value as at March 31 was a

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1 May 2018 09:26

Civitas Social Housing Buys Two Properties For GBP4.3 Million

LONDON (Alliance News) - Civitas Social Housing PLC on Tuesday said it has bought two specialist supported living properties with 27 tenancies in Yorkshire and north-west England for GBP4.3 real a

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27 Apr 2018 11:36

CORRECT: Civitas Social Housing Buys Three Properties For GBP6 Million

(Correcting that Civitas acquired three as opposed to two properties)LONDON (Alliance News) - Property investor Civitas Social Housing PLC said Friday it purchased three supported-living a

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