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About the company
Triple Point Social Housing REIT plc is a United Kingdom-based closed-ended investment company and is a real estate investment trust. The Company invests in primarily newly developed social housing assets in the United Kingdom, 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 organizations 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. It acquires portfolios of social housing assets and single social housing assets, either directly or via special purpose vehicles. Its investment manager is Triple Point Investment Management LLP.
- Revenue in GBP (TTM)39.84m
- Net income in GBP34.99m
- Incorporated2017
- Employees0.00
- LocationTriple Point Social Housing REIT plc1 King William StreetLONDON EC4N 7AFUnited KingdomGBR
- Phone+44 207 201 8989
- Websitehttps://www.triplepointreit.com/
Profile
| Management group(s) | Triple Point Investment Management LLP |
|---|---|
| AIC sector | Property - UK Residential |
| ISIN | GB00BF0P7H59 |
| Launch date | 08 Aug 2017 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The investment objective is to provide Shareholders with stable, long-term, inflation-linked income from a portfolio of Social Housing assets in the United Kingdom, with a particular focus on Supported Housing assets. The portfolio comprises investments into operating assets and the forward funding of pre-let development assets, the Company seeks to optimise the mix of these assets to enable it to pay a covered dividend increasing in line with inflation and so generate an attractive risk-adjusted total return.
Managed by
| Ralph Weichelt, James Cranmer, Ben Beaton, Freddie Cowper-Coles, Max Shenkman |
|---|
Management & contract fees
Annual management fee calculated quarterly in arrears (31-Mar, 30-Jun, 30-Sept, and 31-Dec) based on the last published NAV on each date from the following basis: Up to and including GBP 250m - 1%; Above GBP 250m and up to and including GBP 500m - 0.9%; Above GBP 500m and up to and including GBP 1bn - 0.8%; Above GBP 1bn - 0.7%.
Peer analysis
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Regional REIT Ltd | 53.72m | -67.46m | 116.30m | 0.00 | -- | 0.38 | -- | 2.16 | -0.1308 | -0.1308 | 0.1042 | 0.5935 | 0.0636 | -- | 1.70 | -- | -7.99 | -2.43 | -8.80 | -2.60 | 91.40 | 92.02 | -125.57 | -38.64 | -- | 0.3904 | 0.5825 | -- | -14.25 | -0.2425 | -3.52 | -- | -- | -8.16 |
| Capital & Regional plc | 59.00m | 3.70m | 134.94m | 460.00 | 21.63 | 0.668 | 19.28 | 2.29 | 0.0277 | 0.0277 | 0.3489 | 0.8982 | 0.1337 | -- | 6.59 | 128,260.90 | 0.8387 | -9.96 | 0.9594 | -11.15 | 46.61 | 53.72 | 6.27 | -99.20 | -- | 1.01 | 0.5289 | -- | -2.64 | -8.30 | -30.19 | -- | 31.95 | -21.75 |
| Aew UK Reit PLC | 22.55m | -12.49m | 137.83m | 0.00 | -- | 0.8208 | -- | 6.11 | -0.0788 | -0.0788 | 0.1423 | 1.06 | 0.0909 | -- | 2.22 | -- | -5.03 | 7.13 | -5.20 | 7.29 | 66.11 | 76.36 | -55.37 | 82.43 | -- | 0.4997 | 0.2626 | 81.17 | 4.08 | 10.94 | -124.25 | -- | -- | 4.36 |
| Phoenix Spree Deutschland Ltd | 23.36m | -83.49m | 146.94m | 0.00 | -- | 0.548 | -- | 6.29 | -0.9093 | -0.9093 | 0.2544 | 2.92 | 0.036 | -- | 4.10 | -- | -12.96 | -0.6127 | -13.28 | -0.6295 | 36.93 | 35.43 | -359.71 | -19.21 | -- | 0.0539 | 0.5028 | -- | 5.86 | 3.89 | -535.65 | -- | -36.25 | -- |
| abrdn Property Income Trust Ltd | 9.28m | -8.27m | 198.23m | 0.00 | -- | 0.665 | -- | 21.35 | -0.0217 | -0.0217 | 0.0244 | 0.7819 | 0.0206 | -- | 1.37 | -- | -1.84 | 1.11 | -1.89 | 1.14 | 74.06 | 82.50 | -89.06 | 27.93 | -- | 0.2432 | 0.3243 | 292.77 | 125.96 | -25.95 | 83.81 | -- | -- | -3.03 |
| Foxtons Group PLC | 147.13m | 5.49m | 212.05m | 1.35k | 40.42 | 1.68 | 10.50 | 1.44 | 0.0173 | 0.0173 | 0.4606 | 0.4169 | 0.6162 | -- | 5.51 | 108,661.00 | 2.30 | 0.2497 | 2.88 | 0.2969 | -- | -- | 3.73 | 0.447 | -- | 5.72 | 0.321 | 251.09 | 4.85 | 5.70 | -42.59 | -- | 29.24 | -- |
| Triple Point Social Housing REIT PLC | 39.84m | 34.99m | 223.88m | 0.00 | 6.45 | 0.5002 | -- | 5.62 | 0.0883 | 0.0883 | 0.1004 | 1.14 | 0.0562 | -- | 10.25 | -- | 4.93 | 4.33 | 4.96 | 4.36 | -- | -- | 87.83 | 85.17 | -- | -- | 0.3698 | 74.01 | 6.49 | 28.23 | 40.51 | 11.95 | -- | -0.0137 |
| Newriver Reit PLC | 69.90m | -23.50m | 224.71m | 44.00 | -- | 0.6161 | -- | 3.21 | -0.0757 | -0.0757 | 0.2249 | 1.18 | 0.088 | -- | 25.42 | 1,588,636.00 | -2.96 | -4.94 | -3.09 | -5.14 | 64.23 | 62.92 | -33.62 | -57.52 | -- | 0.6037 | 0.504 | -- | -2.04 | -7.44 | -340.00 | -- | -30.26 | -20.43 |
| Property Franchise Group PLC | 27.28m | 7.40m | 252.43m | 176.00 | 18.43 | 3.20 | 26.82 | 9.25 | 0.2198 | 0.2198 | 0.8128 | 1.27 | 0.4724 | -- | 6.95 | 154,988.60 | 12.76 | 12.41 | 15.29 | 14.65 | 80.20 | 83.47 | 27.02 | 25.07 | -- | 37.06 | 0.1002 | 72.21 | 0.4419 | 19.39 | 2.30 | 16.66 | 7.57 | 7.39 |
| Helical PLC | 39.91m | -189.81m | 276.32m | 28.00 | -- | 0.6889 | -- | 6.92 | -1.55 | -1.55 | 0.3251 | 3.25 | 0.0521 | 516.07 | 2.00 | -- | -24.80 | -2.21 | -25.77 | -2.34 | 63.79 | 69.40 | -475.66 | -48.62 | 3.44 | 0.0674 | 0.3664 | -- | -19.95 | 2.01 | -194.24 | -- | 14.07 | -15.41 |
| Home Reit PLC | 26.20m | 47.80m | 299.30m | 0.00 | -- | -- | -- | 11.42 | 0.1281 | 0.1281 | 0.0757 | 1.11 | 0.0419 | -- | 6.87 | -- | 7.64 | -- | 7.73 | -- | 87.29 | -- | 182.46 | -- | -- | -- | 0.2826 | -- | -- | -- | -- | -- | -- | -- |
| Custodian Property Income Reit PLC | 44.68m | -54.40m | 318.29m | 0.00 | -- | 0.7529 | -- | 7.12 | -0.1234 | -0.1234 | 0.1014 | 0.959 | 0.0677 | -- | 11.82 | -- | -8.24 | 2.87 | -8.77 | 2.97 | 85.13 | 88.77 | -121.75 | 42.07 | -- | 0.3746 | 0.3029 | 141.12 | 10.67 | 4.87 | -153.81 | -- | 38.12 | -4.30 |
| Holder | Shares | % Held |
|---|---|---|
| East Riding of Yorkshire Council (Investment Management)as of 31 Dec 2022 | 32.88m | 8.36% |
| Investec Wealth & Investment Ltd.as of 31 Dec 2022 | 28.89m | 7.34% |
| Evelyn Partners Investment Management Services Ltd.as of 31 Dec 2022 | 19.89m | 5.06% |
| Nottinghamshire County Council Pension Fundas of 31 Dec 2022 | 19.42m | 4.94% |
| MFS International (UK) Ltd.as of 01 Mar 2024 | 18.86m | 4.79% |
| Brewin Dolphin Ltd.as of 31 Dec 2022 | 16.03m | 4.08% |
| Legal & General Investment Management Ltd.as of 02 Mar 2023 | 15.02m | 3.82% |
| West Yorkshire Pension Fundas of 31 Mar 2023 | 13.83m | 3.52% |
| South Yorkshire Pensions Authorityas of 31 Dec 2022 | 11.96m | 3.04% |
| BlackRock Investment Management (UK) Ltd.as of 04 Sep 2023 | 11.44m | 2.91% |
