Home REIT 'reviewing options' as two tenants withhold rent

Response to media reports

The challenges for Home REIT continue as two of its tenants, Big Help Group and Nobel Tree Foundation, are withholding rent, leading the investment company to reveal it is “reviewing all options” to obtain payment.

Home REIT said in a stock exchange announcement that troubles with rent collection began following the publication of the short-selling report from Viceroy Research, which questioned the stability of the business.   "Since the publication of the report, the company has seen a general deterioration in its rent collection position and neither Big Help Group nor Noble Tree Foundation has paid rent contractually due for the quarter to 30 November 2022," the statement said. Earlier this week, The Times reported the Noble Tree Foundation is refusing to pay the company, which specialises in ...