Civitas Social Housing C Shs (CSHC)

Sector:

Property Investment Trusts

 87.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 102.40
  • 52 Week Low: 87.38
  • Currency: UK Pounds
  • Shares Issued: 302.00m
  • Volume: 0
  • Market Cap: £265.01m

Civitas upbeat on outlook as values increase

By Sean Farrell

Date: Monday 13 May 2019

LONDON (ShareCast) - (Sharecast News) - Civitas Social Housing published an upbeat outlook as the specialist real estate investment trust reported an increase in the value of its properties.


Net asset value per share rose 0.6% to 107.1p at the end of March from the end of December, the FTSE 250 company said. It bought 34 properties during the period and rents increased on a number of existing leases from indexation.

The company's rental income of £45.7m is expected to grow further over the coming months, increasing shareholder returns and supporting dividends, Civitas said.

The company, which invests in regulated social housing, said demand was growing at a much faster pace than supply. Volatile house prices and Brexit uncertainty could lead to a reduction in future supply, Civitas said.

"As we work at a local authority level it is clear that there is increasing demand for specialist supported housing as a cost effective and ethical way to deliver care in the community as opposed to more expensive hospital based provision," the company said. "We expect this to continue into the future."

Civitas shares rose 0.7% to 88.18p at 0836 BST.

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CSHC Market Data

Currency UK Pounds
Share Price 87.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 102.40
52 Week Low 87.38
Volume 0
Shares Issued 302.00m
Market Cap £265.01m

CSHC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.71% above the market average6.71% above the market average6.71% above the market average6.71% above the market average6.71% above the market average
44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average
Price Trend
2.46% above the market average2.46% above the market average2.46% above the market average2.46% above the market average2.46% above the market average
8.11% below the sector average8.11% below the sector average8.11% below the sector average8.11% below the sector average8.11% below the sector average
Income
1.58% below the market average1.58% below the market average1.58% below the market average1.58% below the market average1.58% below the market average
23.53% below the sector average23.53% below the sector average23.53% below the sector average23.53% below the sector average23.53% below the sector average
Growth
28.56% above the market average28.56% above the market average28.56% above the market average28.56% above the market average28.56% above the market average
8.57% above the sector average8.57% above the sector average8.57% above the sector average8.57% above the sector average8.57% above the sector average

CSHC Dividends

  Latest Previous
  4th Interim 3rd Interim
Ex-Div 06-Dec-18 08-Nov-18
Paid 11-Jan-19 30-Nov-18
Amount 0.67p 0.75p

Trades for --2019

Time Volume / Share Price
0 @ 0.000p

CSHC Key Personnel

CEO Paul Bridge

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