Home REIT responded on Wednesday to a recent report published by a Delaware-based short-selling firm which sent its shares tumbling.
The company, which funds the acquisition and creation of properties across the UK that are dedicated to providing accommodation to the homeless, said the report by the firm – which it did not name – was published without any engagement with the board, investment advisor, or wider advisory team.
“It is the board’s belief that the report is inaccurate and misleading in its comments about the company, being based on mistaken assumptions, misinformed comments, and disputable allegations,” it said.
Home REIT said it will publish a full and detailed response “demonstrating the factual inaccuracies and selective use of information in due course”. This will be done “as soon as reasonably practicable”.
At 1320 GMT, the shares were down 25% at 58.22p.
