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Triple Point Social Housing Reit Plc

0.10 (0.18%)
Share Name Share Symbol Market Type Share ISIN Share Description
Triple Point Social Housing Reit Plc LSE:SOHO London Ordinary Share GB00BF0P7H59 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.10 0.18% 56.30 2,387,405 16:35:25
Bid Price Offer Price High Price Low Price Open Price
56.30 56.60 57.20 56.20 56.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trust 37.41 24.90 6.20 9.25 227.02
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:25 UT 58,271 56.30 GBX

Triple Point Social Hous... (SOHO) Latest News (1)

Triple Point Social Hous... (SOHO) Discussions and Chat

Triple Point Social Hous... Forums and Chat

Date Time Title Posts
30/5/202315:24Triple Point Social Housing288

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Triple Point Social Hous... (SOHO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Triple Point Social Hous... (SOHO) Top Chat Posts

Top Posts
Posted at 30/5/2023 10:20 by cruelladeville
Slowly, slowly, tide is turning here for the share price?
Posted at 18/5/2023 07:16 by cruelladeville
Half a million more shares bought this morning by SOHO. Share price still in the doldrums until we get some good news here.
Posted at 09/5/2023 10:21 by cruelladeville
What's happened here? Share price is very welcome.
Posted at 30/4/2023 18:11 by dandigirl
SOHO has too many clients not meeting regulatory standards. To their credit, management are working with them to get them back to compliance. Some good news from one or two of these clients would help change share price sentiment. It is to be hoped that yet another isn't found to be wanting. That really would hit the share price
Posted at 26/4/2023 07:07 by cruelladeville
Another 141,591 shares bought. How much will the share price drop today then?
Posted at 18/4/2023 09:05 by cruelladeville
Agreed. Liquidating the entire portfolio would be better than a share price of ~50p, I think.
Posted at 14/4/2023 16:26 by cruelladeville
I keep thinking the worst is past for the share price here. Wrong every time. It seems.
Posted at 16/2/2023 17:53 by cruelladeville
Given the sh1t storm at HOME, today's SOHO share price is quite encouraging. I hope the worst is over now and the repair process is underway for social housing investment.
Posted at 03/2/2023 09:59 by davebowler
Trading update - two lessees in arrears

Mkt Cap £205m | Share price 50.8p | Prem/(disc) -54.5% | Div yield 10.7%


Triple Point Social Housing REIT's trading update notes that 91.7% of the rent due at 31 December 2022 was collected (Dec 21: 99.8%). Two out of the 27 lessees were in rent arrears (My Space and Parasol Homes - combined 17.5% of rent roll). The portfolio recorded a weighted average rent increase of 6.7% in the calendar year, with 92.6% of the leases linked to CPI and the balance linked to 7.4% linked to RPI. SOHO notes that 5.1% of the leases have caps, with a 7% cap to be applied to its Registered Provider leases in 2023. SOHO re-iterated its commitment to the 5.46p dividend for the year.

SOHO is seeking to introduce a risk-sharing clause into existing leases in Q2 2023 for enhanced compliance with the Regulator of Social Housing's standards.

Rent arrears update

Two out of the 27 lessees were in rent arrears, with SOHO noting the following:

My Space (7.9% of rent roll) - Due to solvency concerns, the manager is looking to shift properties to alternate providers. It is noted that were My Space to enter administration, this would impact c.38% of the value of properties let to My Space or 2.4% of SOHO's total valuation.
Parasol Homes (9.6% of rent roll) - failed to pay all rent due in H2 2022. The manager is working on a repayment plan.
Liberum view

Discounts applied to the social housing sector have increased by c.20 percentage points since the second half of November 2022, led mostly by Home REIT and more recent newsflow around rent rolls and the regulator for social housing's view that many of My Space's tenants did not meet its definition of specialised supported housing. Out of the two social housing trusts with exposure to My Space, Civitas Social Housing has lower exposure (1.3% of rent roll) and is our preferred fund in the sector.

Posted at 30/5/2022 08:48 by frederickbloggs
Thanks. Be nice to see some share price appreciation here after being caught up in the fall out elsewhere in the sector sending the SOHO share price southwards in sympathy.
Triple Point Social Hous... share price data is direct from the London Stock Exchange
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