Home REIT plc announced that it has reached an agreement with Eden Safe for the surrender of its leases on 38 properties (the Properties) which it rents from Home REIT, equating to c.2% of the Company's portfolio by number of properties. Eden Safe has not paid rent to the Company since October 2022. The majority of the properties are occupied by private rented sector (PRS) tenants on Assured Shorthold Tenancies (ASTs).

These ASTs will now transfer to Home REIT, enabling the Company to directly collect the underlying income from these properties, increasing rent collection and facilitating asset management opportunities. The company will be appointing Centrick as Property Manager to the Properties. The annual contracted rent due from Eden Safe on the Properties was £1.14 million, which accounted for c.2% of the company's annual contracted rent as at 31 October 2023.