Triple Point Social Housing REIT PLC - London-based real estate investment trust, with a portfolio focused on social and supported housing in the UK - Continues to consult with shareholders to identify the best means to deliver shareholder value. Intends to make further portfolio sales this year. Following the successful conclusion of any portfolio sales, plans to prioritise the return of capital to shareholders through further share buybacks, with consideration also given to leverage levels and any debt repayment obligations. Looks to transfer all 38 properties currently leased to Parasol which are in rental arrears to Westmoreland Housing Association. Separately, continues to make progress with My Space, also in arrears, where it is supporting the management team in delivery of its turnaround plan and rent payments are increasing.
Current stock price: 60.80 pence
12-month change: up 35%
By Jeremy Cutler, Alliance News reporter
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Triple Pnt Soc (SOHO)