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LONDON - Sanctuary Capital PLC has released its unaudited trading update for the fiscal year ending March 31, 2025, showcasing an increase in revenue and homes under management while maintaining strong customer satisfaction scores. The company, which operates in the social housing and care sectors, reported a revenue of £1.179 billion, up from £1.085 billion the previous year. The group’s underlying operating surplus rose to £226.0 million, compared to £206.7 million in the prior year.
Sanctuary’s financial health appears robust, with a sustained regulatory rating of G1/V2/C2 and a Care Quality Commission rating of 95%. The company also noted an overall customer experience score in housing of 76.85%. Sanctuary’s underlying operating margin improved slightly to 19.2%, while the operating surplus margin declined to 18.3% from 19.8% in the previous year.
The company highlighted the integration of acquisitions such as Swan Housing Association Limited and Johnnie Johnson Housing Trust as key drivers for operational efficiency and reinvestment. Sanctuary’s Chief Financial Officer, Ed Lunt, remarked on the resilience of the company’s financial position amidst continued cost pressures in their operating sectors.
In terms of development, Sanctuary completed 838 new homes during the year and had 3,307 homes on site and in development. The company also emphasized its commitment to sustainability by securing a £44.3 million grant from the Government’s Warm Homes Fund to improve over 7,200 homes.
Sanctuary’s treasury position remains strong, with total borrowings at £3.9015 billion and net debt at £3.7419 billion. The company has maintained its investment-grade credit ratings and has introduced a £2.5 billion Euro Medium-Term Note (EMTN) Programme, which will allow for quicker capital market access.
Despite reporting a deficit before tax of around £30 million due to property revaluations and a write-down on a development site, the company generated £386.3 million in cash from operating activities. Sanctuary’s long-term strategy includes the potential sale of its student accommodation assets and continued exploration of funding opportunities aligned with sustainability principles.
This financial summary is based on a press release statement from Sanctuary Capital PLC.
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