Civitas Social Housing PLC Edison issues outlook on Civitas Social Housing
July 22 2021 - 2:00AM
RNS Non-Regulatory
TIDMCSH
Civitas Social Housing PLC
22 July 2021
London, UK, 22 July 2021
Edison issues outlook on Civitas Social Housing (CSH)
The results for the year ended 31 March 2021 (FY21) provided the
detail on Civitas Social Housing's resilient performance through
the pandemic. The portfolio continued to perform in line with
expectations, operationally and financially, delivering consistent
positive returns. With rents indexed to inflation and gearing in
place to fund accretive portfolio acquisitions, we forecast further
consistent growth in earnings and DPS.
The shares offer an attractive c 4.8% FY22 prospective yield and
trade at around EPRA NAV. Dividends are backed by stable income,
uncorrelated with the wider economy, with good inflation-linked
growth prospects.
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