10/09/2021
We are pleased to announce our final results and the publication of our audited annual report and accounts for the year to 31 March 2021. A copy of the annual report and accounts can be viewed on our website
Highlights Include:
* Net Asset Value (NAV) down 4.9% to 102p per share (2020: 107p per share)
* Revenue £148,420 up 7.5% (2020: £138,036)
* Loss -£214,169 (2020: Profit of £625,767)
* 100% of Specialist Supported Housing rents collected
* 97% of Private Rental Sector rents collected
* Investment property value fell by 1%
* Earnings per share -5.70p (2020: 16.93p)
* Outperformed MSCI UK residential benchmark by 423% for year ending 31 December 2020
* Generated over £1.3m cash through sale of two Private Rented Sector (PRS) properties with funds to be invested in new SSH
* Repaid entire £600,000 revolving credit facility
* Pipeline of new partners & projects
Joe McTaggart, CEO of Walls & Futures REIT plc said:
“Against the challenging economic backdrop caused by Covid-19, we are pleased with the performance of our portfolio which saw 100% of our Specialist Supported Housing rents and 97% of our Private Rental Rents collected.
Our investment strategy showed further resilience as we outperformed our benchmark, the MSCI UK Residential Annual Property Index for the fourth year running with a total return of 3.53% over 0.57%.
We’re looking forward to announcing further partners in the coming months and continuing to build the future of specialist supported housing with the launch of our bespoke modular housing solution for autism.”
https://reit.wallsandfutures.com/rns-announcements/final-results-and-audited-annual-report-and-accounts-for-the-year-to-31-march-2021/
Walls & Futures REIT plc (“WAFR”) the Ethical Housing Investor and Developer, is pleased to announce its final results and the publication of its audited annual report and accounts for the year to 31 March 2021. A copy of the annual report and accounts can be viewed here