Civitas Social Housing quarterly rents collected 'as normal'
Civitas Social Housing
79.80p
16:40 03/08/23
Real estate investment trust Civitas Social Housing said on Friday that rents were received "as normal" during the three months ended 30 June, with no Covid-19 impacts being felt during the quarter.
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Civitas reported an IFRS net asset value of 108.42p for the quarter, up slightly from the 108.30p registered in the first quarter of 2021. Ordinary net asset value came to £674.88m.
The FTSE 250-listed firm declared a quarterly dividend of 1.3875p, in line with its new full-year target of 5.55p.
During the quarter, Civitas completed the acquisition of 15 supported living and care facilities in South Wales for a total consideration of £10.9m, ten supported living properties across Hertfordshire, Essex, Suffolk and Wales for £8.6m and three supported living properties in the East of England for £2.5m.
In addition to the already impressive buying spree in the second quarter, Civitas stated that it had a "strong and diverse pipeline" of new and accretive investment opportunities being considered.
As of 0855 BST, Civitas shares were up 0.0041% at 120.60p.