Triple Point Soc.Hsg - Dividend Declaration
08/09/2022 11:37
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RNS Number : 7934Y Triple Point Social Housing REIT 08 September 2022
8 September 2022
Triple Point Social Housing REIT plc
(the "Company" or, together with its subsidiaries, the "Group")
DIVIDEND DECLARATION
The Board of Directors of Triple Point Social Housing REIT plc (ticker: SOHO)
has declared an interim dividend in respect of the period from 1 April 2022 to
30 June 2022 of 1.365 pence per Ordinary Share, payable on or around 30
September 2022 to holders of Ordinary Shares on the register on 16 September
2022. The ex-dividend date will be 15 September 2022.
The dividend will be paid as a Property Income Distribution ("PID").
The Company is targeting an aggregate dividend of 5.46 pence per Ordinary
Share for the financial year ending 31 December 2022. (1)
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment Management LLP Tel: 020 7201 8989
(Investment Manager)
Max Shenkman
Isobel Gunn-Brown
Akur Capital (Joint Financial Adviser) Tel: 020 7493 3631
Tom Frost
Anthony Richardson
Siobhan Sergeant
Stifel (Joint Financial Adviser and Corporate Broker) Tel: 020 7710 7600
Mark Young
Mark Bloomfield
Rajpal Padam
The Company's LEI is 213800BERVBS2HFTBC58.
Further information on the Company can be found on its website at
www.triplepointreit.com (http://www.triplepointreit.com/) .
(1) The target dividend is a target only and not a forecast. There can be no
assurance that the target will be met and it should not be taken as an
indication of the Company's expected or actual future results.
NOTES:
The Company invests in primarily newly developed social housing assets in the
UK, with a particular focus on supported housing. The majority of the assets
within the portfolio are subject to inflation-linked, long-term, Fully
Repairing and Insuring ("FRI") leases with Approved Providers (being Housing
Associations, Local Authorities or other regulated organisations in receipt of
direct payment from local government). The portfolio comprises investments
into properties which are already subject to a lease with an Approved
Provider, as well as forward funding of pre-let developments but does not
include any direct development or speculative development.
There is increasing political pressure and social need to increase housing
supply across the UK which is creating opportunities for private sector
investors to help deliver this housing. The Group's ability to provide forward
funding for new developments not only enables the Company to secure fit for
purpose, modern assets for its portfolio but also addresses the chronic
undersupply of suitable supported housing properties in the UK at sustainable
rents as well as delivering returns to investors.
The Company is a UK Real Estate Investment Trust ("REIT") listed on the
premium segment of the Official List of the UK Financial Conduct Authority and
is a constituent of the FTSE EPRA/NAREIT index.
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