Triple Point Social Housing REIT (SOHO) invests in primarily newly built and newly renovated social housing assets in the UK, with a particular focus on supported housing. SOHO aims to provide a stable, long-term inflation-linked income with the potential for capital growth.
More Triple Point Social Housing REIT content >Investment summary
Triple Point Social Housing REIT (SOHO) delivered a strong performance in FY21 with its portfolio of long lease specialised social housing assets continuing to perform as expected. With predominantly uncapped index-linked rent uplifts and fully fixed borrowing rates it is extremely well positioned in the current inflationary environment, while capital remains available for further accretive acquisitions.
Y/E Dec |
Revenue (£m) |
EBITDA (£m) |
PBT (£m) |
EPS (fd) (p) |
P/E (x) |
P/CF (x) |
|---|---|---|---|---|---|---|
| 2020A | 28.9 | 22.3 | 16.6 | 4.61 | 19.5 | 13.2 |
| 2021A | 33.1 | 26.2 | 19.4 | 4.82 | 18.6 | 14.6 |
| 2022E | 38.1 | 30.3 | 21.3 | 5.28 | 17.0 | 12.1 |
| 2023E | 39.9 | 31.9 | 22.8 | 5.65 | 15.9 | 11.3 |
Industry outlook
We expect private capital to remain crucial in meeting the current and future needs for care based social housing. It is widely recognised to improve lives in a cost-effective manner compared with the alternatives of residential care or hospitals.
Last updated on 26/05/2022Content on Triple Point Social Housing REIT
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Real Estate
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Share price graph
Balance sheet |
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| Forecast net debt (£m) | N/A |
| Forecast gearing ratio (%) | N/A |
Price performance
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12m |
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Key management |
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| Isobel Gunn-Brown | CFO |
| Ben Beaton | Managing partner |
| Gregory Banner | Investment manager |
| James Cranmer | Managing partner |
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