Social housing investor Home REIT has temporarily suspended trading in its shares on the London Stock Exchange.
The company, which was targeted by short-sellers late last year, announced a temporary suspension to the listing of its ordinary shares earlier today (3 January).
Home REIT was due to publish its annual financial results by 31 December 2022 but said that as its independent auditor BDO was carrying out an “enhanced set of audit procedures” it had not been possible to publish its results by the deadline.
In a statement Home REIT said: “The company intends to request a restoration of the listing of its ordinary shares upon publication of the 2022 results, which the company expects to be published by as soon as practicable.
“Whilst the company awaits the completion of BDO’s enhanced audit procedures, the company will continue with the previously announced steps to maintain and enhance shareholder confidence, while maintaining its ordinary course operations to provide high-quality housing for some of the most vulnerable people in society.”
Home REIT’s shares were trading at £38.70p when the suspension was announced. At the start of September last year its share price stood at £115.00p.
