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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Triple Point Social Housing Reit Plc | SOHO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.90 | -1.48% | 59.90 | 16:35:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 61.05 | 60.10 | 61.10 | 59.90 | 60.80 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 07/03/2024 | Interim | GBP | 0.01365 | 14/03/2024 | 15/03/2024 | 28/03/2024 |
| 13/11/2023 | Interim | GBP | 0.01365 | 30/11/2023 | 01/12/2023 | 15/12/2023 |
| 06/09/2023 | Interim | GBP | 0.01365 | 14/09/2023 | 15/09/2023 | 29/09/2023 |
| 24/05/2023 | Interim | GBP | 0.01365 | 08/06/2023 | 09/06/2023 | 30/06/2023 |
| 02/03/2023 | Interim | GBP | 0.01365 | 16/03/2023 | 17/03/2023 | 31/03/2023 |
| 23/11/2022 | Interim | GBP | 0.01365 | 01/12/2022 | 02/12/2022 | 16/12/2022 |
| 08/09/2022 | Interim | GBP | 0.01365 | 15/09/2022 | 16/09/2022 | 30/09/2022 |
| 30/05/2022 | Interim | GBP | 0.01365 | 09/06/2022 | 10/06/2022 | 24/06/2022 |
| 03/03/2022 | Interim | GBP | 0.013 | 10/03/2022 | 11/03/2022 | 25/03/2022 |
| 04/11/2021 | Interim | GBP | 0.013 | 11/11/2021 | 12/11/2021 | 17/12/2021 |
| 03/09/2021 | Interim | GBP | 0.013 | 16/09/2021 | 17/09/2021 | 30/09/2021 |
| 17/05/2021 | Interim | GBP | 0.013 | 27/05/2021 | 28/05/2021 | 25/06/2021 |
| 04/03/2021 | Interim | GBP | 0.01295 | 11/03/2021 | 12/03/2021 | 26/03/2021 |
| 05/11/2020 | Interim | GBP | 0.01295 | 12/11/2020 | 13/11/2020 | 18/12/2020 |
| 26/08/2020 | Interim | GBP | 0.01295 | 03/09/2020 | 04/09/2020 | 25/09/2020 |
| 14/05/2020 | Interim | GBP | 0.01295 | 21/05/2020 | 22/05/2020 | 26/06/2020 |
| 05/03/2020 | Interim | GBP | 0.01285 | 12/03/2020 | 13/03/2020 | 27/03/2020 |
| 21/11/2019 | Interim | GBP | 0.0127 | 28/11/2019 | 29/11/2019 | 20/12/2019 |
| 29/08/2019 | Interim | GBP | 0.0127 | 05/09/2019 | 06/09/2019 | 27/09/2019 |
| 23/05/2019 | Interim | GBP | 0.0127 | 06/06/2019 | 07/06/2019 | 28/06/2019 |
| Top Posts |
|---|
Posted at 28/3/2024 13:39 by woodhawk No sign of my divi yet in either of my accounts. Anybody had theirs? |
Posted at 27/3/2024 18:27 by moth1 Does anyone know when this quarters dividend is being paid |
Posted at 10/3/2024 12:29 by woodhawk Yes indeed, 2wild, always cheaper to buy when a share is forgotten and unloved I find. Personally, I'd rather buy at 60p for a 9% divi than 90p for a 6% divi! |
Posted at 08/3/2024 11:46 by woodhawk Good results and the nice chunky quarterly dividend continues at circa 9% on current s.p. |
Posted at 08/3/2024 08:36 by chucko1 9.6 year average debt life fixed at a low rate. With moderate increase in rent collection (assumes further mild difficulties with one or two providers) but with wholly inflation-linked uplifts with around 6% largely baked in for another year, it is not difficult to see full dividend coverage in the short term (they say the current run rate already covers the accrual rate) and rises in the medium term, no matter the direction interest rates take. They have shown there is a market for their assets, albeit at a slowish pace and so even in a few years if we see rates at around 6%, they can manage their balance sheet accordingly.The last few months of derisking of SOHO makes the share resemble an inflation-linked asset at around 800bps over gilt linkers. Seems the remaining risk sells very cheaply, even taking into account the investment manager and issues still to be fully ironed out. FWIW, the valuers seem to share this opinion (not that I put much store by that) as the NAV keeps rising! |
Posted at 12/2/2024 07:24 by grahamg8 I agree Redhorse. SOHO should be a typical no brainer investment. Steady income and potential for rerating. Tangible assets in a low supply high demand business. And yet, and yet we are trembling at the knees waiting for an update. |
Posted at 11/2/2024 13:31 by redhorse2020 That said, SOHO is completely separate from DIGI9 etc. and there has been ample opportunity for the skeletons to emerge from the closet with all the focus on social housing REITs so hopefully I'm wrong... |
Posted at 10/2/2024 12:52 by redhorse2020 Wonder how SOHO get the NAV signed off by the auditors? The model doesn't seem dramatically different from other REITs such as Residential Secure Income, who had to reduce NAV dramatically. |
Posted at 10/2/2024 11:43 by grahamg8 Glavey, the bottom line is that rents have been going up faster than the rate of interest. The portfolio value is calculated on the future rent roll, not on the current price of property. This is discounted to a current value, if interest rates and inflation are low then the discount is low and the 'value' is higher. SOHO have been buying and benefiting just like other property REITs from this benign environment. Last year interest rates rose and so the 'value' should have adjusted down, but hasn't by much. The market says we don't believe the current NAV, hence the large discount + for SOHO problems with some of the rent receipts. This might therefore be a buying opportunity, assuming everything sorts itself out fairly soon. Or an early warning that the NAV is going to go down and the share price with it, ie things could get even worse. |
Posted at 06/9/2023 14:31 by cwa1 The Board of Directors of Triple Point Social Housing REIT plc (ticker: SOHO) has declared an interim dividend in respect of the period from 1 April 2023 to 30 June 2023 of 1.365 pence per Ordinary Share, payable on or around 29 September 2023 to holders of Ordinary Shares on the register on 15 September 2023. The ex-dividend date will be 14 September 2023.The dividend will be paid as a Property Income Distribution ("PID"). The Company is targeting an aggregate dividend of 5.46 pence per Ordinary Share for the financial year ending 31 December 2023. 1 |
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