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Triple Point Social Housing REIT PLC ( (GB:SOHO) ) has issued an update.
Triple Point Social Housing REIT PLC has announced that My Space Housing Solutions, a tenant managing 34 of its properties, has filed for a company voluntary arrangement due to financial difficulties. The company is actively working with My Space and exploring new investment policy amendments to ensure minimal disruption to residents and improve rent collection, with a creditor vote expected on 28 February 2025 and potential replacement of My Space with better-performing providers.
More about Triple Point Social Housing REIT PLC
Triple Point Social Housing REIT PLC is a UK-based real estate investment trust that primarily invests in newly-developed social housing assets with a focus on specialized supported housing. The company aims to deliver long-term sustainable income through operational residential assets managed by Approved Providers, such as Housing Associations and Local Authorities, which receive direct payment from local government.
YTD Price Performance: -1.35%
Average Trading Volume: 744,847
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £230.6M
For a thorough assessment of SOHO stock, go to TipRanks’ Stock Analysis page.