Edison issues update on Triple Point Social Housing REIT (SOHO) 101 0 Kommentare Strong rent growth and improving rent collection

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Triple Point Social Housing REIT (SOHO) reports strong rent growth.
Rent collection is improving, with a target yield of 9%.
Shares trade at a 50% discount to NAV, offering potential value.

Edison Investment Research Limited
Edison issues update on Triple Point Social Housing REIT (SOHO): Strong rent growth and improving rent collection

21-May-2024 / 11:07 GMT/BST
The issuer is solely responsible for the content of this announcement.

London, UK, 21 Mai 2024

Edison issues update on Triple Point Social Housing REIT (SOHO): Strong rent growth and improving rent collection

Triple Point Social Housing REIT’s (SOHO’s) Q124 update confirms a continuing improvement in rent collection. The newly set FY24 DPS target is unchanged compared to FY23 at 5.46p as the board considers the impact of asset sales and transfers. This represents a yield of 9.0%. Strong indexed rental income continues to support income and capital values.

The targeted DPS represents a yield of 9% and, despite a share price recovery from a low point of c 42p in April 2023, the shares continue to trade at an almost 50% discount to NAV.

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End of Announcement - EQS News Service

1907775 21-May-2024

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The Triple Point Social Housing REIT Stock at the time of publication of the news with a raise of +1,80 % to 0,621GBP on London stock exchange (21. Mai 2024, 11:51 Uhr).