Business
Annual Financial Report
Home REIT plc has released its 2025 Annual Report and Accounts, detailing a portfolio valuation of £154.9 million as of 31 August 2025, down from £265.4 million in 2024, following property sales including 522 properties for £97.0 million. The company reported a loss before tax of £30.6 million, impacted by administrative and property operating expenses, and a decrease in fair property value. Net asset value per share fell to 20.38 pence from 24.25 pence, while unrestricted cash balances increased to £9.6 million. The company is in exclusivity with Patron Capital for the sale of approximately 700 assets and has repaid all outstanding borrowings. The Board remains committed to returning capital to shareholders but notes potential constraints from ongoing litigation and the Serious Fraud Office investigation, which may prolong the capital return timeline. The company expects to file its 2025 interim accounts in Q1 2026 and will then apply for the restoration of its listing. Disclaimer*
About this update from Home Reit Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION\n \n25 February 2026\nHome REIT plc (the \"Company\")\n2025 Annual Report and Accounts\n Home REIT's Annual Report and accounts for the year to 31 August 2025 are today being made available to shareholders and published on its website at https://www.homereituk.com. The results have also been submitted to the Financial Conduct Authority's National Storage mechanism and will be available shortly for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism\nMichael O'Donnell, Chair of Home REIT, said:\n\"The Board remains fully committed to securing the best possible outcome for shareholders. Over recent months, together with AEW, we have made significant progress in progressing the Company's Managed Wind-Down strategy, not least entering exclusivity with Patron Capital for the sale of the majority of the portfolio. While it remains the objective of the Board to ensure the Company can return available capital to Shareholders as soon as possible upon completion of the realisation strategy, we feel it is important to remind Shareholders that this may be constrained by a range of factors, including the prospect of potential litigation.\"\nFinancial Results\nFor the year to 31 August 2025:\n· The portfolio was independently valued at £154.9 million as at 31 August 2025 (2024: £265.4 million) following property sales.\n· In addition to the sale of 522 properties for gross proceeds of £97.0 million, the remaining portfolio experienced a like-for-like decrease of £11.0 million over the year driven by general residential property movements and an updated valuation methodology for certain properties.\n· Loss before tax of £30.6 million (2024: loss of £25.2 million), the key drivers of which were general and administrative expenses, property level operating expenses, and a decrease in the fair value of property.\n· A 16% decrease in net asset value (\"NAV\") per Share to 20.38 pence as at 31 August 2025 (2024: 11.6% decrease to 24.25 pence) resulting from the loss for th...