Civitas Social Housing PLC Dividend Declaration and Investment Update (0247V)
31 October 2017 - 6:00PM
UK Regulatory
TIDMCSH
RNS Number : 0247V
Civitas Social Housing PLC
31 October 2017
31 October 2017
CIVITAS SOCIAL HOUSING PLC
("Civitas" or the "Company")
Dividend Declaration and Investment Update
The Board of Civitas Social Housing PLC ("Board"), the first
London listed REIT dedicated to investing into regulated social
housing in England and Wales, is pleased to announce a third
quarterly dividend and a commentary on the continued success in the
deployment of capital.
Dividend Declaration
The Board has today declared a third quarterly dividend in
respect of the three months to 30 September 2017 of 0.75 pence per
ordinary share, payable on or around 30 November 2017 to
shareholders on the register on 10 November 2017. The ex-dividend
date will be 9 November 2017. The dividend will be paid as an
ordinary UK dividend.
As noted previously, the Company is targeting a total dividend
of 3.0 pence per ordinary share for the period ending 31 December
2017 and 5.0 pence per ordinary share in the calendar year from
1(st) January 2018 to 31 December 2018.
Investment Update
In the period since IPO to 31(st) October 2017 the Company has
made the following investments and created a nationally based,
diversified portfolio of regulated social housing in England and
Wales.
Period 31-Mar-17 30-Jun-17 30-Sep-17 31-Oct-17
---------------------- ---------- ---------- ---------- ----------
Investment (GBPm) 106 206 284 302
---------------------- ---------- ---------- ---------- ----------
Properties 82 167 282 311
---------------------- ---------- ---------- ---------- ----------
Tenancies 487 1,130 1,820 1,935
---------------------- ---------- ---------- ---------- ----------
Local Authorities 32 68 82 85
---------------------- ---------- ---------- ---------- ----------
Housing Associations 5 7 10 10
---------------------- ---------- ---------- ---------- ----------
Care Providers 25 42 50 53
---------------------- ---------- ---------- ---------- ----------
The Company is pleased to note the breadth of opportunity and
sector relationships that Civitas Housing Advisers Limited, the
exclusive Investment Adviser, has developed on behalf of the
Company.
As noted previously, the Investment Adviser has developed a
significant pipeline of additional opportunities. On 28th September
2017, the Company announced a C Share fund raising to ensure
continuity of investment and to capitalise on a wide range of
investment opportunities including those from signed framework
agreements with vendors that are now available to the Company.
Quarterly Fact Sheet
The Company has today published its Fact Sheet for the quarter
to 30 September 2017 and this is available to view on the Company's
web site
http://civitassocialhousing.com/investor-relations/reports-and-publications/.
Note:
(1) The target dividend is a target only and not a forecast.
There can be no assurance that the target will be met and it should
not be taken as an indication of the Company's expected or actual
future results.
For further information, please contact:
Civitas Housing Advisors Limited
Paul Bridge Tel: +44 (0)20 3709 4622
Andrew Dawber Tel: +44 (0)20 3709 4626
Cenkos Securities PLC
Sapna Shah Tel: +44 (0)20 7397 1922
Tom Scrivens Tel: +44 (0)20 7397 1915
Pagefield
Philip Dennis Tel: +44 (0)7947 868206
David Leslie Tel: +44 (0)7584 070274
Notes:
Civitas Social Housing PLC is the first Real Estate Investment
Trust offering pure play exposure to social housing in England and
Wales. The Company is managed by Civitas Housing Advisors Limited.
The Company is listed on the premium listing segment of the
Official List of the Financial Conduct Authority and was admitted
to trading on the main market for listed securities of the London
Stock Exchange in November 2016.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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