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
  0.50 0.47% 107.50 210,231 16:35:15
Bid Price Offer Price High Price Low Price Open Price
106.50 108.00 108.00 105.50 105.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 21.11 23.72 6.75 15.9 433
Last Trade Time Trade Type Trade Size Trade Price Currency
16:41:27 O 3,144 107.335 GBX

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Date Time Title Posts
12/11/202013:31Triple Point Social Housing62

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

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-03-02 16:41:27107.343,1443,374.61O
2021-03-02 16:35:15107.5019,97521,473.13UT
2021-03-02 16:29:52108.00310334.80AT
2021-03-02 16:29:51108.00102110.16AT
2021-03-02 16:29:41108.00108116.64AT
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Triple Point Social Hous... (SOHO) Top Chat Posts

Triple Point Social Hous... Daily Update: Triple Point Social Housing Reit Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker SOHO. The last closing price for Triple Point Social Hous... was 107p.
Triple Point Social Housing Reit Plc has a 4 week average price of 105p and a 12 week average price of 102.50p.
The 1 year high share price is 113.50p while the 1 year low share price is currently 64.20p.
There are currently 402,789,002 shares in issue and the average daily traded volume is 384,014 shares. The market capitalisation of Triple Point Social Housing Reit Plc is £432,998,177.15.
income investor: Company announced today it had raised £55m through open offer, placing and subscription offer. On 30 September it said it was targeting an equity raise of £70m. Shareholders under the open offer took up approx 25% of the shares available to them. With the share price hovering around the offer price, there wasn't much to go for. I did take up my basic entitlement under the open offer, but glad I didn't apply for any excess.
cwa1: Well, gone below the offer price by quite a bit now. Have pulled my order and pondering whether to buy direct in the market now, or just to leave it. Still happy with the company fundamentally though.
rik shaw: Dividend increase and declaration: hTtps://
rik shaw: Good update: hTtps://
badtime: Variation on words ..share with us your wisdom of why oh great one
davebowler: hTTps:// The share prices of the social housing funds, Civitas Social Housing (CSH) and Triple Point Social Housing Reit (SOHO), were creeping back towards premium territory at the start of the year. Now both sit on substantial discounts of 16% and attractive yields of 6%. This is puzzling because both trusts have some of the most predictable revenues of any I can think. To revisit the investment case which I made a year ago about SOHO, people with special needs need specialist accommodation adapted to their requirements. CSH and SOHO provide this and their rents are paid by local authorities using funds provided by central government. Demand for the properties exceeds supply and much of the rental income rises with inflation. Civitas had one small problem with a housing association renting its properties back in 2018 that cost it about £300,000. This compares to a rent roll of £46.5m at the end of September 2019, which is higher today.
davebowler: Liberum; Social Housing REITs - Civitas Social Housing & Triple Point Social Housing Regulatory update on Westmoreland CSH: Mkt Cap £539m | Prem/(disc) -18.2% | Div yield 6.1% SOHO: Mkt Cap £329m | Prem/(disc) -8.7%% | Div yield 5.4% Event The Regulator of Social Housing (RSH) has published an updated regulatory judgment on Westmoreland Supported Housing, reducing the company's governance rating from G3 to G4. The financial viability rating is unchanged at V3. Westmoreland was previously given a non-compliant rating for governance (G3) and financial viability (V3) in November 2018. Registered Providers (including housing associations), with fewer than 1,000 social housing units under management which then pass through the 1,000 unit threshold will be the subject of a detailed in-depth assessment (IDA). The IDA assesses the Registered Provider's compliance with the requirements of the Governance and Financial Viability Standard. The results are published in a formal grading (V 1-4 for Viability and G 1-4 for Governance). Westmoreland has engaged with the RSH since the initial regulatory judgement and the regulator has noted that progress has been made across a number of areas. New independent board members were appointed in H1 2019. In July 2019, creditor action was taken against Westmoreland which has been disputed by Westmoreland and was subsequently withdrawn. The creditor action related to a dispute on specific properties. This action triggered a regulatory process that has resulted in three new board members being appointed to Westmoreland's board. This is defined as a statutory intervention from the RSH which has resulted in a downgrade in the governance rating, in line with their procedures. Liberum view The creditor action is believed to be an isolated incident and does not relate to any properties owned by Civitas or Triple Point. Westmoreland leases 15 properties from Triple Point (4.7% of NAV). Civitas' exposure to Westmoreland has fallen significantly over the past six months. Westmoreland accounts for 11.2% of the portfolio rental income now, compared to 19.7% at 31 March 2019. We understand some of the leases have been moved to other housing associations. In the initial regulatory judgement from November 2018, the RSH noted that Westmoreland was reliant on continued financial support from a third party. The third party has confirmed its commitment to Westmoreland. We note Westmoreland's accounts for the year to 30 September 2018 show a £3.5m loan from Fairhome Group plc to the company. Fairhome Group is a developer of supported living properties. The loan appears to be on favourable terms as no interest has been charged in Westmoreland's 2018 accounts. Fairhome Group has stated in its accounts to 31 July 2018 that it only expects £0.8m of the loan to be repaid. At that point the drawn amount on the loan was £2.5m. A further £1m was drawn in the two months to 30 September 2018. The RSH has been working with the housing associations in the supported housing sector that were given non-compliant ratings in order to strengthen governance and improve risk management strategies. We note the comment from Civitas that it expects Westmoreland's rating to change in the future. This would be positive for sentiment towards the sector as the publication of the regulatory judgements in H2 2018 were the initial catalyst for the sell-off in the sector
davebowler: RNS 6 Sept Chris Phillips, Chairman of Triple Point Social Housing REIT plc, commented: "Looking back over the past six months, and forward over the next six months, there is much to be pleased about. As expected, our existing portfolio has performed well and we have continued to deploy funds into high-quality assets leased to Approved Providers which continue to strengthen as a result of ongoing regulatory engagement. Commissioners continue to call for new housing, as reflected in our pipeline of close to GBP400 million. We continue to refine and evolve our due diligence processes and we have never failed to receive rental payments in full under our leases. For all these reasons, and despite movements in the Company's share price, our continued operational performance makes us look to the future with optimism."
phillkay: Can you help me understand why, when positive results came out (I think?), there was more than 7m shares sold on Friday, (much much more than bought in any case), yet the price went up? I haven't invested at the moment as I'm trying to understand various scenarios, but this one has confused me, so thought I'd ask. Thanks
davebowler: Liberum; Social Housing REITs Non-compliant judgement on Bespoke Supportive Tenancies Mkt Cap Triple Point £334m Civitas £550m | Prem/(disc) Triple Point -7.2% Civitas -17.0% | Div yield Triple Point 5.4% Civitas 6.0% Event Bespoke Supportive Tenancies is the latest registered provider to be found non-compliant by The Regulator of Social Housing. Bespoke Supportive Tenancies accounted for 11.5% of Civitas' NAV and 1.6% of Triple Point Social Housing REIT's rental income. Civitas has confirmed that Bespoke Supportive Tenancies is fully up to date with lease payments and the regulatory announcement is expected to have no impact on the company's portfolio. The regulator's review has found that Bespoke Supportive Tenancies is non-compliant with the governance and viability standards. The registered provider is working with the regulator to resolve the issues. It has not received a formal grading as it owns less than 1,000 homes. Echoing recent regulatory judgments, the regulator stated it received inadequate assurance over Bespoke Supportive Tenancies' risk management framework. Like most of the registered providers in this sector, it has agreed long-term index-linked leases. The regulator describes the underlying financial profile as weak and it lacks capacity to manage downside risk should it materialise. The regulator believes some downside risk has occurred and the reported aggregated rental income is lower than the lease cost. Bespoke Supportive Tenancies can currently only continue to meet its lease obligations through continuation of growth, third party support, and the use of pooled service charge income. The long-term viability of Bespoke is reliant on the rent meeting the criteria for specialised supported housing. The regulator also lacks assurance on how the board has satisfied itself that it is meeting these requirements. Liberum view The judgement on Bespoke Supportive Tenancies repeats concerns raised by the regulator in its recent report on the specialised support housing (SSH) sector. Many of these relate to the viability of business models of lease-based registered providers. Five registered providers in the SSH sector have been declared non-compliant. In total, these represent approximately 50% of Civitas' NAV and 30% of Triple Point's NAV. The regulator's report led to a de-rating in the sector and the REITs now trade at discounts of -17.0% (Civitas) and -7.2% (Triple Point), respectively. Civitas has undertaken a number of initiatives recently in order to improve its share rating. The management fee is now calculated on IFRS NAV rather than portfolio NAV. We also note the target dividend for FY2020 (March period end) represents a 4.3% increase on FY2019.
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