With indexed rental growth continuing and rent collection recovering, Triple Point Social Housing REIT’s (SOHO’s) Q323 dividend was fully covered, and we expect this to continue. Meanwhile, while the board continues its focus on closing the share price discount to NAV, it has concluded that any further capital return is dependent on significant additional liquidity being generated through property sales.
16 Nov 2023
Triple Point Social Housing REIT - Q323 DPS was fully covered
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Triple Point Social Housing REIT - Q323 DPS was fully covered
Social Housing Reit PLC (SOHO:LON) | 66.0 0.6 1.4% | Mkt Cap: 259.7m
- Published:
16 Nov 2023 -
Author:
Martyn King -
Pages:
7 -
With indexed rental growth continuing and rent collection recovering, Triple Point Social Housing REIT’s (SOHO’s) Q323 dividend was fully covered, and we expect this to continue. Meanwhile, while the board continues its focus on closing the share price discount to NAV, it has concluded that any further capital return is dependent on significant additional liquidity being generated through property sales.