Company
Walls & Futures REIT PLC
NEX:WAFR
Walls & Futures REIT PLC is an ethical housing investor and developer on a mission to address the unfulfilled demand for specialist supported housing in the UK. The company designs, funds and developes specialist supported housing which is let on Full Repairing and Insuring (FRI), inflation linked leases to local authorities, registered providers and charities.
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Walls & Futures agrees new structure with shareholder Vengrove
Going forward, the company will no longer develop properties but acquire stabilised income-producing real estate assets
Walls & Futures hails Pax Homes opportunity
The company said it was planning a strategic pivot to capitalise on the opportunity
Walls & Futures REIT launches range of homes for people with autism
Brochures are available on the company's new Pax Homes website at https://mypaxhome.com
Walls & Futures REIT sells residential property at 1.9% premium
The sale is in line with the company's strategy to sell its private rental sector portfolio and reinvest the proceeds into specialist supported housing.
Walls & Futures looking to expand its shareholder base
Around 90% of the shares are owned by committed long-term holders so management is actively working to engage with new individual and institutional investors.
Walls & Futures pleased with portfolio performance after beating benchmark again
The £1.34mln invested in supported housing developments has increased in value by 92%
Walls & Futures REIT says unsolicited offer from Virgata Services has now lapsed
The offer valued the supported housing specialist at £1.88mln
Walls & Futures REIT joins P1 Investment Management's Net-Zero Carbon target
Walls & Futures is the first REIT to adopt the NZC10 target
Walls & Futures REIT reiterates rejection of Virgata bid as acceptances reach 9%
The WAFR board said it was delighted so few shareholders had accepted
Walls & Futures to offer winding-up alternative to Virgata bid
The value receivable by a solvent winding-up would be substantially higher than the offer.
Walls & Futures readies its defences as bidder publishes offer document
"Shareholders should take no action until the response document has published"
Walls & Futures rejects offer again and says it outperformed benchmark for fourth consecutive year
An independent valuation of the portfolio by John D Wood in March indicated a value of £3.22mln
Walls & Futures says 50p per share cash offer is substantial undervaluation
The offer price values the supported housing specialist at £1.88mln
Walls & Futures REIT increases net asset value
The sector in which the ethical housing investor and developer operates has not been materially affected by the economic fall-out from the coronavirus pandemic
Walls & Futures REIT plans disposals to begin paying regular dividend
The trust generated a profit of £625,835 from the gain on revaluation of its property assets
Walls & Futures REIT sells Wimbledon property for £656,000
"We will continue to review our assets in the Private Rental Sector with a view of recycling the capital to make further investments in Specialist Supported Housing."
Walls & Futures posts 15% rise in net asset value per share
The unaudited NAV reflects an independent RICS "Red Book" valuation
Walls & Futures completes redevelopment of Didcot care home
Net assets stood at £3.3mln at the end of September, up 1.3% on the same period last year