London, July 2, 2026, 10:01 BST
- Home REIT shares traded at 10.70p at 0932 BST, rising 12.04% and valuing the company at £84.59 million.
- AJ Bell’s delayed trade tape showed a 47-share print at 10.70p for a total of £5.03.
- The company said it had £133.6 million in unrestricted cash, short-term securities, cash in transit and a Patron Capital receivable as of June 30.
Home REIT PLC (LON:HOME) shares were 12% higher at 10.70p on Thursday in London, but the move came on very light volume. AJ Bell’s delayed tape showed just a 47-share deal at £5.03. The name now trades more as a run-off situation, with attention on cash, asset sales and legal exposure.
Here’s where markets stood:
| Market item | Latest figure |
|---|---|
| Share price | 10.70p |
| Change on day | +12.04% |
| Market cap | £84.59 mln |
| Volume tracked | 13,241 shares |
| 0932 BST trade at 10.70p | 47 shares / £5.03 |
| 12-month range | 7.50p–13.00p |
The tough number for shareholders is the June 30 cash figure. Home REIT reported £3.4 million in unrestricted cash, short-term cash securities at £100.8 million, £4.4 million labeled as cash in transit from finished property sales, and a £25.0 million receivable from Patron Capital, backed by a bank guarantee and due April 1, 2027.
Google Finance puts shares outstanding at 790.57 million, making the cash-and-receivable pile worth 16.9p per share. If you fold in £3.1 million from property sales that are done but unfinished, plus another £1.1 million for four properties set to go to auction, that lifts the total to about 17.4p a share before anything else, like future costs, claims or any capital held back.
| Run-off item | Amount | Pence per share |
|---|---|---|
| Unrestricted cash, short-term investments, cash pending | £108.6 mln | 13.74p |
| Patron Capital due | £25.0 mln | 3.16p |
| Total cash and receivables | £133.6 mln | 16.90p |
| Exchanged deals and value left in four sites | £4.2 mln | 0.53p |
| Gross sum before deducting costs or claims | £137.8 mln | 17.43p |
That values the market at around 63% of the cash-and-receivable amount, leaving a gap near £49 million. AJ Bell’s estimated NAV came in at 18.10p with a 47.24% discount, so the shares keep trading like time, legal costs and claims may still drag on whatever payout comes next.
Property sale numbers didn’t account for most of the hit. Home REIT reported year-to-date auction proceeds of £15.33 million for the leftover portfolio, compared to an August 2025 valuation of £16.26 million, which is a 5.7% discount. The June 25 auction moved 32 properties at £2.9 million gross. Most of those deals should close by July 31.
| Property sale metric | Latest data | Comparison |
|---|---|---|
| YTD auction proceeds | £15.33 mln | 5.7% under valuation |
| August 2025 valuation for those assets | £16.26 mln | used as base |
| June 25 auction | 32 properties | £2.9 mln gross |
| Properties left for July auction | 4 | £1.1 mln valuation net of expected costs |
Non-exec chair Michael O’Donnell said the board is “pleased with the progress” of auctions, but called the distribution block a “great frustration”. The company expects it will have sold or auctioned the entire remaining portfolio by the end of July. AJ Bell
Litigation is the focus. Home REIT said no legal proceedings have started following a pre-action claim letter from Harcus Parker last October, acting for some current and former shareholders. The company also reported second-quarter non-property operating costs at £3.0 million, mostly from legal bills linked to the threatened lawsuit and the FCA probe.
Pressure on the story hasn’t eased. In January, Reuters said Britain’s Serious Fraud Office arrested six in a bribery and fraud probe estimated at £300 million targeting ex-management at Home REIT. Home REIT went public in 2020 and pulled in over £850 million in its first three years, Reuters also reported.
Home REIT shares stopped trading in January 2023 when the company missed its annual report deadline during an audit after a short-seller report raised questions about its finances. The stock came back to the market in April 2026, ending a more than three-year suspension.
Home REIT said there are no legal proceedings so far.
