Civitas Social Housing quarterly rents collected ‘as normal’

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.
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.

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