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The latest announcement is out from Triple Point Social Housing REIT PLC ( (GB:SOHO) ).
Triple Point Social Housing REIT PLC announced that the company voluntary arrangement proposal of My Space Housing Solutions was approved by creditors. The company’s investment manager, Atrato Partners Limited, negotiated an option agreement allowing the transfer of My Space leases within a year, ensuring no disruption to residents. Atrato is in discussions with alternative providers to facilitate this transition.
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 are managed by Approved Providers and deliver long-term sustainable income. The company was admitted to trading on the London Stock Exchange in 2017 and operates as a UK Real Estate Investment Trust.
YTD Price Performance: -6.06%
Average Trading Volume: 557,737
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £219.6M
For a thorough assessment of SOHO stock, go to TipRanks’ Stock Analysis page.