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22 Mar 2024 09:38
Edison Investment Research Limited Edison issues update on Triple Point Social Housing REIT (SOHO): Financial and operational progress 22-March-2024 / 09:37 GMT/BST The issuer is solely responsible for the content of this announcement.
London, UK, 22 March 2024
Edison issues update on Triple Point Social Housing REIT (SOHO): Financial and operational progress Triple Point Social Housing REIT (SOHO) reported a robust FY23 financial performance. Benefiting from inflation-linked rental growth and improving rent collection, DPS is once again covered on a run-rate basis, and we expect further progress. Operational initiatives included the roll-out of the new lease clause and launch of the eco-retrofit pilot project.
The FY23 trailing dividend yield is 9.3% and we forecast DPS growth in FY24 on a fully covered basis. 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. Click here to view the full report.
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1865485 22-March-2024
corporate announcement transmitted by EQS Group AG. The issuer is solely responsible for the content of this announcement.