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Triple Point Social Housing REIT

About Triple Point Social Housing REIT

Triple Point Social Housing REIT operates as a real estate investment trust. It invests in social housing assets in the United Kingdom. It is based in London, England.

Headquarters Location

1 King William Street

London, England, EC4N 7AF,

United Kingdom

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Latest Triple Point Social Housing REIT News

Triple Point Social Housing REIT : Factsheet Q2 2022 View document

Sep 9, 2022

09/09/2022 | 03:20am EDT Message : The Value of Home Triple Point Social Housing REIT plc - (the "Company" or "SOHO") invests in social housing assets in the UK, with a particular focus on Specialised Supported Housing. INVESTMENT FEATURES Typically 20 years+ Inflation-linked leases with Approved Providers ("AP") APs are typically Housing Associations or Local Authorities or other regulated organisations in receipt of direct payment from local government SOHO has 100% ownership of property Properties are typically leased under long-term Full Repairing and Insuring ("FRI") leases and house vulnerable individuals who have their rent funded by central government Care is provided by CQC registered care providers who contract directly with the Local Authority Forward funding in order to access prime Social Housing stock being developed (provided an agreement for lease is in place and a coupon is receivable during construction) is capped at 20% of NAV at the time of entering into any new forward funding arrangement COMPANY INFORMATION Market Cap Stifel Nicolaus Europe Limited Interim 24 June 2022 BDO LLP 5.46p (TARGET DIVIDEND IN RESPECT OF THE FINANCIAL YEAR)3 1.365 pence per Ordinary Share for the period from 1 January to 31 March 2022 paid on 24 June 2022 1.365 pence per Ordinary Share for the period from 1 April to 30 June 2022 expected to be paid on 30 September 2022 SOHO ORDINARY SHARE PRICE 100 27 May 2022 The following changes to investment policy and investment restrictions were approved by shareholders: Removing the Company's minimum lease term restriction Allowing the Company to selectively take on the cost of funding planned maintenance Giving the Company the ability to enter into leases which are subject to upward only adjustments, tracking either inflation or central housing benefit policy 30 May 2022 FY22 Dividend Target The Company is targeting an aggregate dividend of 5.46 pence per Ordinary Share in respect of the financial year ending 31 December 2021, an increase of 5.0 per cent in line with the inflation-linked rent reviews and reflects the Company's strategy of paying a progressive dividend Dividend Declaration The Company declared an interim dividend of 1.365 pence per Ordinary Share for the period from 1 January to 31 March 2022. REFERENCES: Page 01 3 The target dividend is a target only and not a forecast. There can be no assurance that the target will be met and it should not be taken as an indication of the Company's expected or actual future results QUARTERLY FACTSHEET PORTFOLIO UPDATE Since IPO in August 2017, the Company has acquired 493 Supported Housing properties (3,421units) across the UK, for an aggregate consideration of £573.5m (excluding purchase costs). These assets are leased to a variety of APs with a focus on Supported Housing for vulnerable adults with care and support needs. PORTFOLIO SUMMARY 10 Max Shenkman London EC4N 7AF Disclaimer: Approved for issue in accordance with section 21 of the Financial Services and Markets Act 2000 by Triple Point Investment Management LLP, authorised and regulated by the Financial Conduct Authority (FCA). This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. The document is intended for information purposes only and does not constitute investment advice. It is important to remember that past performance is not a guide to future performance. Furthermore, the value of any investment or the income deriving from them may go down as well as up and you may not get back the full amount invested. If you are in any doubt about the contents of this document or the investment to which it relates, you should consult a person that specialises and is authorised by the FCA to advice on this type of investment. REFERENCES:

Triple Point Social Housing REIT Frequently Asked Questions (FAQ)

  • Where is Triple Point Social Housing REIT's headquarters?

    Triple Point Social Housing REIT's headquarters is located at 1 King William Street, London.

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