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SOHO Triple Point Social Housing Reit Plc

0.00 (0.00%)
12 Apr 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 60.80 522,963 16:35:14
Bid Price Offer Price High Price Low Price Open Price
60.60 61.70 61.70 60.40 60.90
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 37.41M 24.9M 0.0633 9.75 242.77M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:59:32 O 766 60.80 GBX

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

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

Triple Point Social Hous... Forums and Chat

Date Time Title Posts
28/3/202414:41Triple Point Social Housing508

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

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

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Posted at 14/4/2024 09:20 by Triple Point Social Hous... Daily Update
Triple Point Social Housing Reit Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker SOHO. The last closing price for Triple Point Social Hous... was 60.80p.
Triple Point Social Hous... currently has 393,466,490 shares in issue. The market capitalisation of Triple Point Social Hous... is £242,768,824.
Triple Point Social Hous... has a price to earnings ratio (PE ratio) of 9.75.
This morning SOHO shares opened at 60.90p
Posted at 10/3/2024 11:44 by 2wild
If the sector wasn't so unloved. The share price would surely be in the region eighty to ninety pence , around 25% to 30% discount to nav.
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 11/2/2024 12:10 by grahamg8
Next quarterly update due, probably this coming Wednesday. Share price action suggests not much in the way of good news.
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 29/11/2023 21:26 by cruelladeville
Good to see some recovery in share price here into the mid 60's. Still over sold for a healthy dividend share and some price appreciation still to come.
Posted at 06/10/2023 12:39 by cruelladeville
I don't see a reason for the recent share price reversal. House prices are obviously falling but interest rate environment is stabilising and inflation hopefully getting more under control. Massive discount here to NAV already. Why the share price drop? Further fallout from the HOME debacle?
Posted at 14/9/2023 08:27 by cwa1
Found it to save you posting:-

Ticker: SONG

Share price at close: 93p

Update: Triple Point Social Housing
This is another trust to have seen its most direct rival fall to a bid, in this case for Civitas Social Housing at 80p a share, a premium of 44pc to the previous share price. The takeover of Civitas has already been completed and the shares no longer trade on the stock market.

The offer price represented a 26.7pc discount to the trust’s NAV at the time. If we apply the same discount to Triple Point Social Housing’s NAV of 111.31p we arrive at a share price of 81.6p.

The current share price is only 55.7p and the gap between the two figures is doubtless due in part to the long-running series of interventions by regulators in the social housing arena and the consequent reputational damage done to the trusts.

Meanwhile Triple Point continues to pay its generous dividend at a targeted level of 5.46p this year, which represents a yield of 9.8pc, so investors are being well rewarded while they wait for improvement in the share price, whether from a bid or otherwise.

Questor says: hold

Ticker: SOHO

Share price at close: 55.7p
Posted at 01/9/2023 12:08 by wskill
SOHO has 497 homes valued at 109p per share just needs to fix Parasol and My Space and the share price should move up, now its confirmed the assets are worth what the independent valuer has valued them at.

Still irks me the sale price of CSH but I have reinvested the proceeds in SOHO.
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 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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