Home REIT's investment policy overhaul reveals depth of issues facing the trust

'Wide reaching' changes

Home REIT’s proposed investment policy overhaul has been met with mixed reactions from the industry, with some condemning the move away from social housing and others viewing the changes as a first step in the right direction in light of substantial rent collection pressures.

On Friday (28 July), Home REIT revealed it had scheduled a general meeting for 21 August 2023 to allow shareholders to vote on a raft of changes to its investment policy, including a stabilisation period that would enable the managers to invest in a wider range of assets. During the stabilisation period, the trust expects to undertake a programme of re-tenanting and rationalisation of the portfolio to stabilise its financial condition and satisfy the objective of maximising income and capital returns. The proposed investment policy overhaul is an attempt to remedy the trust's rent col...