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Housing Today
Trusted media brand of the Chartered Institute of Housing
Development soars at Peabody in first accounts since Catalyst merger
Housing association completed 2,399 homes, nearly triple previous year as turnover and surplus increased
Peabody has reported a 21% increase in its surplus after unexpectedly strong revenue performance.
In its accounts for the 2022/23 financial year, the 107,000-home housing association reported its surplus was up to £257m from £213m, on the back of a 66% increase in turnover to £1.1bn.
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