Share Name Share Symbol Market Type Share ISIN Share Description
Triple Pnt Soc LSE:SOHO London Ordinary Share GB00BF0P7H59 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 103.75p 103.50p 104.00p - - - 168,682 11:37:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts - - - - 207.50

Triple Pnt Soc Share Discussion Threads

Showing 151 to 171 of 175 messages
Chat Pages: 7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
01/12/2017
11:35
Liberum; Specialist Real Estate Triple Point Social Housing (Mkt Cap £207m) £10.4m acquisition Event Triple Point Social Housing has announced the acquisition of four supported living properties comprising 52 units in total, located in Merseyside, Lancashire and Brighton. The assets are immediately income producing and have an initial yield in line with the company's target net initial yield of between 5.5%- 6.5%.The Merseyside property is subject to an existing lease with a registered provider which has 17 years left to run; the company aims to enter into a new longer FRI lease in respect of this property. Triple Point has entered into new 20 year (with the ability to extend to 25 years) FRI leases in respect of the other three properties, which are subject to annual upward only rent reviews in line with CPI. We estimate that the company has deployed c.£50m since launch, around 25% of the gross IPO proceeds of £200m. The shares currently trade at a 5.6% premium, compared to a 2.2% premium for closest peer Civitas Social Housing.
davebowler
24/11/2017
09:30
Liberum; Specialist Real Estate Residential Secure Income (Mkt Cap £178m) and Triple Point Social Housing (Mkt Cap £207m) Acquisitions Event Residential Secure Income has announced its first acquisition since IPO in July. The fund has acquired a portfolio of 1,341 rental retirement properties for a total consideration of c.£100m. The portfolio consists of long leasehold or freehold interests in 250 retirement housing blocks (one and two bedroom assisted living flats), concentrated in Southern England, which will be operated by Places for People. The portfolio is subject to RPI linked leases which provide residents with lifetime security of tenure. The fund also aims to secure debt over the portfolio, which will enhance returns. The manager has advised that a £250m transaction for the acquisition of shared ownership properties is likely to be completed in early 2018; this transaction would complete the deployment of the IPO proceeds, plus leverage. The shares currently trade at a 1.0% premium to NAV at IPO (98p). Triple Point Social Housing has announced the acquisition of three supported living properties for a £7.1m (excluding costs). The properties comprise 52 units, located in Leicester, Manchester and Wolverhampton. The company has entered into new FRI leases (two for 20 years, with the ability to extend to 25 years, and one of 25 years) with the relevant Housing Associations in respect of the properties; rents are subject to annual, upward only rents reviews in line with CPI. The shares currently trade at a 5.4% premium to NAV at IPO (98p).
davebowler
13/10/2017
07:45
.£10.5m acquisitionEventTriple Point Social Housing REIT has acquired 12 supported housing properties for an aggregate purchase price of £10.5m (excluding costs). Nine of the properties are in Sunderland with the remainder in Bournemouth, Durham and Newcastle. New 20 year FRI leases have been agreed with Auckland Home Solutions, Bespoke Supportive Tenancies and Falcon Housing Association for these assets. The lease have the option to extend to up to 25 years. Rents are subject to annual, upward-only reviews linked to the CPI. This is the company's third portfolio acquisition since launch. Approximately £31m has been deployed to date (excluding transaction costs) and the company expects to be fully invested within nine months of launch.  Triple Point trades on a 4.1% premium to NAV compared to a 3.5% premium for its closest peer Civitas Social Housing although we note Civitas has taken a large valuation uplift due to a portfolio premium being applied to its assets post-acquisition.  
davebowler
12/9/2017
07:56
Liberum view on Civitas;The pipeline indicated by Civitas highlights the ongoing need in the supported living and adult social care sector and the supply of property coming from local authorities and housing associations, which need to raise capital to invest in new social housing. Triple Point Social Housing launched last month and has a similar investment strategy, although it will take forward funding risk. All the leases associated with these social properties are inflation-linked (generally CPI). Recently, the Housing and Communities Agency sounded a note of caution to housing associations in relation to these transactions as the Local Housing Allowance Cap, which comes into effect for supported housing in 2019/2020, could put financial pressure on housing assoications. In addition, rent restrictions, which came into force for social housing in 2016 and supported housing in April 2017, are currently driving down rents in the social sector.The shares are currently trading at a 6.4% premium to NAV, this compares to an average  premium of 3% for the specialist real estate funds and a 4% premium for direct peer Triple Point (to NAV at IPO). The current annualised yield is 2.7%.
davebowler
05/9/2017
12:29
hTTp://citywire.co.uk/investment-trust-insider/news/james-carthew-how-the-two-social-housing-reits-compare/a1045891?ea=252901&re=48989&utm_source=BulkEmail_Investment+Trust+Insider+Weekly&utm_medium=BulkEmail_Investment+Trust+Insider+Weekly&utm_campaign=BulkEmail_Investment+Trust+Insider+Weekly
davebowler
04/9/2017
08:11
Liberum;Triple Point Social Housing (Mkt Cap £204m)£21m of IPO proceeds deployedEventSince raising £200m at IPO early last month Triple Point Social Housing has announced that it has completed the acquisition of it £17.9m seed portfolio of five supported housing properties, in addition to a further portfolio of three supported housing assets (18 beds) for £3.0m. Both acquisitions have an initial yield in line with the company's target net initial yield of between 5.5%- 6.5%. All properties are subject to 20 year inflation linked leases. The company targets full deployment of the IPO proceeds within 9 months of admission. The portfolio will focus on supported housing assets (c.80%), which are subject to inflation linked, 20-25 year fully repairing and insuring leases. The portfolio will comprise both operating assets and forward funding of developments, will provide enhanced returns but will only be considered in circumstances where a lease agreement is already in place.On 14 August the company gave notice to HMRC of its intention to operate as a REIT. Liberum viewTriple Point has an immediate peer in Civitas Social Housing, which also focuses on supported housing for vulnerable adults. However, Civitas does not take any forward funding risk. Civitas has traded at a premium to NAV since launch (currently 7.3%) demonstrating the perceived attractiveness of the social housing strategy. Given that provision of supported living and adult social care has been hit particularly hard by local government funding cuts, which show no sign of meaningfully abating, it was inevitable that private investment in the sector would increase to meet demand. Non-specialist funds, such as GCP Infrastructure and GCP Asset Backed Income Fund, have also started moving into the social housing/supported living sector (on the debt side) in the past c. two years.Triple Point currently trades at a 4.2% premium to NAV at IPO.
davebowler
08/8/2017
15:19
!FOLLOWFEED
davebowler
16/6/2000
23:45
Is the guy to the left of Tina that bloody road rager.:-) M
bullshare
16/6/2000
13:11
Martini - blimey, so it is, he's changed his email too! Sands - jealousy will get you nowhere, well it hasn't helped me! Ps. Wanna buy a Rotweiller ? or better, as you know my towering physical presence would stop any intruder, yours@7stoneweakling.security.com
aquila
16/6/2000
12:52
Martini: Oh yes and who was his Master then in these shops. And tell them what you bought as well? M PS How is the blow up baabara.
bullshare
16/6/2000
12:34
Looks like some kind of frog to me monsieur
sands
16/6/2000
12:05
Who's the chap in the cab with her???? A.
aquila
16/6/2000
10:25
You should have seen the size of my pupils. Off to get the daily Star to see what I have been missing
sands
16/6/2000
10:21
Sands Yes and wasn't that your left ear on the first photo and look how big those pupils are as she looked at you............. M
martini
16/6/2000
10:15
YEAH Release your inside info SANDS.
smallchange
16/6/2000
10:13
Sands, you lucky boy, tell us more :)
addo
16/6/2000
10:12
She looks much better in the flesh..........errrrrr, as it were
sands
16/6/2000
10:10
I remember her well.
smallchange
16/6/2000
10:08
Martini, very fortunate that you were sitting opposite her in the taxi, what a coincidence, if I had been there, I would have gone for that seat as well. Very TV sort of face, maybe see her on Dah Bigg Brekkie
addo
16/6/2000
09:56
You should have seen the bite on the neck of the guy next to her.
martini
16/6/2000
09:45
Hmmmmmmm, she gets my vote...... Any more pictures from later in the night ?
addo
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