Triple Point Social Housing REIT Addresses Tenant Financial Challenges

Triple Point Social Housing REIT PLC ( (GB:SOHO) ) just unveiled an announcement.

Triple Point Social Housing REIT PLC is addressing a financial challenge with its tenant, My Space Housing Solutions, which has not paid rent since June 2024 and has proposed a company voluntary arrangement. The REIT has provisioned for the rent arrears and is exploring amendments to its Investment Policy to allow greater flexibility in tenant arrangements. The company aims to maintain resident stability while seeking to replace My Space with more reliable Approved Providers, pending shareholder approval.

More about Triple Point Social Housing REIT PLC

Triple Point Social Housing REIT PLC primarily invests in newly-developed social housing assets in the UK, with a focus on specialised supported housing. These assets provide long-term sustainable income and are managed by Approved Providers such as Housing Associations and Local Authorities. The company is listed on the London Stock Exchange and operates as a UK Real Estate Investment Trust.

YTD Price Performance: -1.35%

Average Trading Volume: 744,847

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £230.6M

See more data about SOHO stock on TipRanks’ Stock Analysis page.