Social Housing REIT swings to profit though asset value falls

(Alliance News) - Social Housing REIT PLC on Thursday reported a swing to profit in 2025, despite its net asset value slipping below the prior year's level.

The London-based real estate investment firm targets subsidised housing in the UK.

Its NAV per share and net tangible assets per share both amounted t 94.23 pence at the end of December, down 4.9% from 99.05p on-year.

"The decrease was principally a result of a reduction in the value of the investment properties," Social Housing REIT said. It posted an investment property value of GBP602.8 million as of December 31, down from GBP624.7 million on-year.

The company noted that its first year under the management of Atrato Partners Ltd had "delivered improved earnings and strengthened operational oversight."

Social Housing REIT swung to pretax profit of GBP3.0 million in 2025 from a GBP36.4 million loss in 2024, as total income ticked up to GBP40.0 million from GBP35.8 million.

The company's shares rose 1.7% to 71.10 pence around noon on Thursday in London, and are up 15% over the past year.

It declared four quarterly dividends in 2025 totalling 5.622p per share, up 3.0% from 5.46p in 2024. When Social Housing REIT announced in May that it was upping its shareholder payout, it attributed the hike to inflation-linked rent increases.

Outgoing Chair Chris Phillips commented: "With a strengthened platform, an inflation-aligned income profile, and a clear ambition to build scale responsibly within the listed market, I believe that SOHO is well-positioned to deliver secure and growing dividends for shareholders for the long term."

Phillips added: "As I conclude my tenure as chair, I would like to thank shareholders, advisers and my fellow directors for their support. I am confident that Jos Short, as chair-elect, supported by Fionnuala Hogan as audit chair, will guide the company admirably through its next phase."

By Holly Munks, Alliance News reporter

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