Civitas Social Housing REIT
The Times wrote about Civitas Social Housing in the Business Section on 1 July. It recommended "Avoid". The reasons were concerns around the security of the income stream with the three leading tenants accounting for more than half the company's rental income. This may explain the substantial discount on the shares.
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The Sunday Times Business Section today had an article about a social housing operator which has fallen into administration. It is called Circle Housing and Support. A search of the Annual Report for Civitas Social Housing does not reveal Circle Housing and Support as a tenant but it does mention Encircle Housing, which might be a trading name for Circle. Does anybody know more about this?