Living Reit Share Price (SOHO)

I have been watching SOHO for a while and decently started buying (avg now 74.1P) for my income portfolio for which I seek AVG 7% ish dividend stream, from when I buy, preferably fully covered, a good discount to NAV so there is solid asset backing is a real plus.

Here I like the change of direction, new name, the purchase of RESI retirement portfolio along with the he transfer of the long term 3.5% loan so to me it all looks good. It will take some time for it to all settle down once it all hopefully goes through. If RESI SH sell on mass when they get their LIVE shares it may present a further buying opportunity for the LTH.

I think the market prefers larger property funds and many are moving that way, so we may see further consolidation in the future. I also hold positions in several other property trusts NRR took over Capital & regional, PHP took over Assura and CREI have the interesting plan of buying private property funds with CREI shares as it seems quite a few private property fund owners want a tax efficient exit from their PPF and the increasing amount of work involved (including the insulation upgrades etc now required) but still want to draw income from a property fund which has solid asset backing.

As always DYOR these are just my ramblings as a new LTH of SOHO (soon to be LIVE) all the best

Same. Hold both, though slightly more SOHO. Great deal for SOHO, and in some ways i'm happy to see the two merged together. However, deal is a lot down from the RESI perspective. The 20 year fixed interest at ~3.5% alone is a steal.

RESI shareholders totally ripped off.

I own both in roughly equal proportions. So a loss on one side and gain on the other.

Soho getting the assets dirt cheap including 3.49% loan fixed till 2040 if I recall correctly.

Arrato are a solid management company.

My biggest holding in here ....it's as safe as it gets....great divi...and progressive divi and sp should rise from here...great new announcement...what's not to like

Just shot up to 74.90 on Google....let's get to 80p+