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The latest update is out from Triple Point Social Housing REIT PLC ( (GB:SOHO) ).
Social Housing REIT plc reported its audited results for the year ending December 31, 2024, showing resilience despite challenges with some Approved Providers. The company achieved high resident occupancy and tenant satisfaction, with a portfolio valuation of £626.4 million. The newly appointed Investment Manager, Atrato, is implementing strategic improvements, including resolving issues with My Space and Parasol, which impacted rent collection. The company aims for growth in earnings and dividends, supported by cost reductions and a stable debt profile. The appointment of Atrato is expected to save £1.9 million annually in management fees, and changes in investment policy were approved to increase exposure limits to Approved Providers.
More about Triple Point Social Housing REIT PLC
Social Housing REIT plc is a real estate investment trust that focuses on investing in specialised supported housing across the UK. The company primarily invests in social housing assets, particularly for vulnerable adults requiring support to live independently, such as those with learning difficulties, mental health problems, and physical disabilities. These properties are managed by Approved Providers, which include Housing Associations and Local Authorities regulated by the Regulator of Social Housing.
YTD Price Performance: 0.51%
Average Trading Volume: 664,081
Technical Sentiment Signal: Sell
Current Market Cap: £234.9M
Learn more about SOHO stock on TipRanks’ Stock Analysis page.