
(the "Company" or, together with its subsidiaries, the "Group")
2025 DIVIDEND GUIDANCE, DIVIDEND DECLARATION AND CHANGE TO VALUATION FREQUENCY
The Board of Directors of
This represents a 3.0% increase on the
The dividend increase is driven by three factors:
· The successful progress achieved with the lease assignments from Parasol to Westmoreland; |
· A reduction in costs driven by the transition to a management fee based on market capitalisation following the appointment of |
· An improvement in the earnings of SOHO, driven in part by annual inflation-linked rent increases. |
Looking ahead, the Board and Investment Manager expect the Company to return to a long-term progressive dividend policy.
Dividend Declaration
The Board has declared an interim dividend in respect of the period from 1 January to
The dividend will be paid as a Property Income Distribution.
Investment Manager Shareholdings
The combined shareholdings (units) in the Company held by the Atrato senior team and the
The following senior members of the Investment Manager hold the below shareholdings (units) in the Company:
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1,486,311 |
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851,114 |
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169,136 |
Adrian D'Enrico |
28,815 |
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39,955 |
Thomas Still |
30,935 |
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171,882 |
Change to Valuation Frequency
The Board announces the change from a quarterly to a bi-annual valuation of the Company's portfolio, bringing the Company in line with the wider listed
Going forwards, the Group's properties will continue to be independently valued by
ENDS
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
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Via |
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Adrian D'Enrico |
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Eddie Gilbourne |
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Stifel (Joint Financial Adviser and Corporate Broker) |
Tel: 020 7710 7600 |
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Tel: 020 7404 5959 |
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Robin Wrench |
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The Company's LEI is 213800BERVBS2HFTBC58.
Further information on the Company can be found on its website at www.socialhousingreit.com.
1 The target dividend is a target only and not a forecast. There can be no assurance that the target will be met and it should not be taken as an indication of the Company's expected or actual future results.
NOTES:
The Company primarily invests in social housing assets in the
These operational residential properties deliver sustainable, long-term, growing income for shareholders, improved outcomes for residents and savings to the taxpayer.
The Company is listed on the Closed-ended investment funds category of the FCA's Official List and its Ordinary Shares are traded on the LSE's Main Market.
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