StockMarketWire.com - Homeless accommodation investor Home REIT said it was considering an equity raising, having fully deployed the equity and committed the debt raised since it listed.

'Given the unprecedented need for more high-quality homeless accommodation in the UK, the board is contemplating a potential further issue of equity,' it said.

Home REIT had raised £240 million from an October 2020 IPO and subsequently secured a £120 million debt facility from Scottish Widows.

'As at the date of this announcement, the company has invested over £300 million of this capital with the remaining £60 million of debt committed,' it said.

Home REIT said it remained on track to meet its dividend target.


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