Social Housing REIT – equity proposition

Social Housing REIT (SOHO) is a UK-listed real estate investment trust with a highly diversified portfolio of specialised supported housing (SSH) assets, providing good-quality, long-term accommodation for vulnerable adults who may have mental health issues, learning difficulties or physical disabilities. SSH is a particular type of social housing which is differentiated by offering significantly adapted or purpose-built homes, within which residents can live independently with care and support. For shareholders, SOHO aims to continue delivering an attractive, growing and predictable long-term income return. As a provider of essential social infrastructure assets, SOHO is an ‘impact investor’ and seeks to deliver a positive social benefit, utilising much-needed private investment capital to increase the provision of new SSH homes, which deliver positive outcomes for residents in a cost-effective manner.

There are five compelling reasons why SOHO represents an attractive investment opportunity.

1. SOHO operates within a structurally supported sector.
2. The portfolio is large, diversified and focused on high-intensity needs, supporting resilient long-term occupancy.
3. SOHO’s recovery is gaining traction, with improving earnings and dividend cover.
4. SOHO offers strong inflation linkage through long-dated, triple-net leases, differentiating it within UK listed social infrastructure.
5. A high yield, conservative fixed-rate debt and a wide discount to EPRA net tangible assets provide both income and potential capital upside.

If you would like to learn more about SOHO, please see our latest research here.