UK's Triple Point Social Housing REIT net rental income rises 11.7%

Social Housing REIT

26/03/2026 07:12

Overview

UK specialised supported housing REIT's full-year net rental income grew 11.7% yr/yr

Adjusted EPS rose 20.9%, driven by higher rental income and reduced operational costs

Company raised dividend target by 3%, citing improved lease assignments and cost reductions

Outlook

Company expects improved rent collection and inflation-linked income growth in 2026

Completion of Portus and My Space assignments expected to support further dividend growth in 2026

Dividend target raised to 5.622p per share in 2025 and remains well covered at 1.17x

Result Drivers

INFLATION-LINKED RENTAL UPLIFTS - Co said net rental income increased due to inflation-linked rental increases and improved rent collection outcomes

COST REDUCTION - Co attributed improved earnings to a reduction in operational costs and a lower EPRA cost ratio following a cost reduction programme

PORTFOLIO OPTIMISATION - Co said lease assignments from underperforming providers and disposal of unsuitable assets strengthened income quality and rent collection

Company press release: ID:nRSZ1698Ya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Rental Income
GBP 40.03 mln


Analyst Coverage

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)