22 Jul 2021 08:11
Edison Investment Research Limited Civitas Social Housing (CSH): Positive outcomes drive consistent returns 22-Jul-2021 / 08:10 GMT/BST
London, UK, 22 July 2021
Civitas Social Housing (CSH): Positive outcomes drive consistent returns The results for the year ended 31 March 2021 (FY21) provided the detail on Civitas Social Housing's resilient performance through the pandemic. The portfolio continued to perform in line with expectations, operationally and financially, delivering consistent positive returns. With rents indexed to inflation and gearing in place to fund accretive portfolio acquisitions, we forecast further consistent growth in earnings and DPS.
The shares offer an attractive c 4.8% FY22 prospective yield and trade at around EPRA NAV. Dividends are backed by stable income, uncorrelated with the wider economy, with good inflation-linked growth prospects. Click here to view the full report or here to sign up to receive research as it is published.
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1220873 22-Jul-2021
corporate announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.