Civitas Social Housing trust sees 4% NAV rise

Autumn Statement impactful

clock • 2 min read

Civitas Social Housing trust reported a 4.1% increase in its net asset value for the six months to the end of September, with expectations of further growth after announcements in the Autumn Statement.

NAV per share for the real estate investment trust, which invests in properties in the care and healthcare sectors, rose to 114.84p, up from 110.30p at the end of March, as a result. Two dividends of 1.425p per share each were declared in the period. The REIT also plans to pay dividends of 1.425p over each of the next two quarters to its year-end. The trust, which is invested in a diversified portfolio of 697 properties providing homes to 4,594 people, benefitted from higher net rental income. It reported rental income of £26.6m, representing growth of 6% compared to the same perio...

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