Civitas Social Housing - Update research from QuotedData
19th February 2019
Regulatory action may be net positive
Civitas Social Housing (CSH) has met its dividend targets, grown its NAV and invested over £674m into 557 properties (housing almost 3,750 tenants) since its launch in November 2016. It has now merged its C share and ordinary share portfolios and is focused on optimising its capital structure (targeting an LTV of 35%), which should, all things being equal, further strengthen its revenue account.
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