Civitas Social Housing (LSE: CSH)

Currency in GBP

Last close As at 22/09/2023

GBP0.80

0.20 (0.25%)

Market capitalisation

GBP497m

Civitas Social Housing (CSH) invests across the UK in care-based community housing and healthcare facilities, particularly specialised supported housing, for the benefit of working age adults with long-term care needs. Its investment objective is to provide an attractive level of income with the potential for capital growth.

Latest Insights

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Sector

Real Estate

Equity Analyst

Martyn King

Martyn King

Director, Financials

Key Management

  • Paul Bridge

    CEO

Balance Sheet

Forecast net debt (£m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (0.1) 49.4 (1.1)
Relative (0.8) 53.5 (1.9)
52 week high/low 85.7p/51.7p

Financials

Civitas Social Housing REIT’s consistently robust financial and operational performance continued through Q422, with an increase in the FY23 DPS target to at least 5.70p. We view positively initiatives that have been launched to promote greater regulatory alignment and address perceived sector lease risk. We will update our forecasts when the full FY22 results are published in June, but reflect the key unaudited Q422 NAV below.

Y/E Mar Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2021A 47.8 N/A 36.1 4.9 16.3 19.0
2022A 50.7 N/A 44.8 4.8 16.6 13.2
2023E N/A N/A N/A N/A N/A N/A
2024E N/A N/A N/A N/A N/A N/A

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