Home REIT PLC

Regulatory Filings • Nov 28, 2023

National Storage Mechanism | Additional information

RNS Number : 8132U

Home REIT PLC

28 November 2023

FOR IMMEDIATE RELEASE

28 November 2023

Home REIT plc

("Home REIT" or the "Company")

Surrender of leases

The Company announces that it has reached an agreement with Eden Safe for the surrender of its leases on 38 properties (the "Properties") which it rents from Home REIT, equating to c.2% of the Company's portfolio by number of properties. Eden Safe has not paid rent to the Company since October 2022.

The majority of the properties are occupied by private rented sector ("PRS") tenants on Assured Shorthold Tenancies ("ASTs"). These ASTs will now transfer to Home REIT, enabling the Company to directly collect the underlying income from these properties, increasing rent collection and facilitating asset management opportunities.

The Company will be appointing Centrick as Property Manager to the Properties. Centrick is a national residential property services company, which already manages 25 of the Properties, and will be responsible for the day-to-day management and rent collection.

The annual contracted rent due from Eden Safe on the Properties was £1.14m, which accounted for c.2% of the Company's annual contracted rent as at 31 October 2023.

The transaction is in line with AEW's strategy as Investment Manager to stabilise the Company's portfolio and increase rent collection. The current occupiers of the Properties will not be impacted as a result of this transaction.

The person responsible for arranging the release of this announcement on behalf of the Company is FTI Consulting.

FOR FURTHER INFORMATION, PLEASE CONTACT:

FTI Consulting (Communications Adviser) Dido Laurimore Eve Kirmatzis Ellie Perham-Marchant Oliver Harrison	HomeREIT@fticonsulting.com +44 (0)20 3727 1000

The Company's LEI is: 213800A53AOVH3FCGG44.

For more information, please visit the Company's website: www.homereituk.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCNKOBKOBDDNDB