Triple Point Social Housing REIT

Investment summary

SOHO’s portfolio continues to perform well, delivering consistent returns for shareholders and generating strong, externally assessed social value. Following strong y-o-y growth in income and underlying earnings in H121 and positive returns continued in the three months ended 30 September (Q321). Q321 NAV per share increased 0.2% to 106.63p and including DPS paid the NAV total return was 1.4%, bring the ytd total to 3.9%. A Q321 DPS of 1.3p is in line with the full year target of 5.2p target. Deployment of available capital has continued with the acquisitions of 26 additional properties either completed or exchanged for an aggregate £29.9m (before costs). With this deployment we forecast an increased FY22 DPS to be substantially covered by cash earnings.