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Civitas Social Housing PLC - Exeter, England-based healthcare real estate investment trust - Says the UK’s Regulator of Social Housing issues an enforcement notice regarding outstanding rent by My Space Housing Solutions. ‘The Regulator of Social Housing requires My Space to undertake a number of actions including the strengthening of its board, reporting on solvency and developing action plans with regard to compliance with the rent standard,’ Civitas explains. The company adds that My Space ‘always’ paid rent on time every month regarding nine properties. ‘However, more recently rent arrears have occurred which are not material in the context of the CSH portfolio but which are being actively followed up,’ it ads.
As of September 30, 2022, My Space Housing represented 1.3% of Civitas’s rent roll.
Current stock price: 58.30 pence, down 2.0% on Tuesday
12-month change: down 40%
By Tom Budszus, Alliance News reporter
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