Triple Point REIT Maintains Steady Dividend Target

Triple Point Social Housing REIT PLC (GB:SOHO) has released an update.

Triple Point Social Housing REIT plc reported a slight increase in Net Asset Value per share to 114.15p as of March 31, 2024, a 0.3% rise from the end of 2023, buoyed by property value growth and rent hikes linked to the Consumer Price Index. Despite improved rent collections in early 2024, the company has set a steady dividend target for the year to maintain dividend cover during property transfers and sales. A first quarterly interim dividend of 1.365p per Ordinary Share has been declared, payable in late June 2024.

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