Investment Trusts

Triple Point Social Housing REIT plc

SOHO:LSE

Triple Point Social Housing REIT plc

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  • Price (GBX)59.72
  • Today's Change0.119 / 0.20%
  • Shares traded198.16k
  • 1 Year change+40.85%
  • Beta0.3311
Data delayed at least 20 minutes, as of Mar 28 2024 13:27 BST.
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About the company

Triple Point Social Housing REIT plc is a closed-ended investment company and is a real estate investment trust. The Company's 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 focus on supported housing assets. The portfolio comprises investments in operating assets and the forward funding of pre-let development assets. It seeks to optimize 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. It invests in a diversified portfolio of freehold or long leasehold social housing assets in the United Kingdom. It invests in social housing properties in the United Kingdom, focusing on homes in the specialized supported housing sector which have been adapted for vulnerable people with care and support needs. Its investment manager is Triple Point Investment Management LLP.

  • Revenue in GBP (TTM)39.84m
  • Net income in GBP34.99m
  • Incorporated2017
  • Employees0.00
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Profile

Management group(s)Triple Point Investment Management LLP
AIC sectorProperty - UK Residential
ISINGB00BF0P7H59
Launch date08 Aug 2017
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

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
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/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)
Aew UK Reit PLC22.55m-12.49m135.77m0.00--0.8085--6.02-0.0788-0.07880.14231.060.0909--2.22---5.037.13-5.207.2966.1176.36-55.3782.43--0.49970.262681.174.0810.94-124.25----4.36
Phoenix Spree Deutschland Ltd22.95m-65.05m139.12m0.00--0.4433--6.06-0.7084-0.70840.24993.420.0335--40.65---9.593.12-9.813.2033.4234.17-286.7299.23--0.05590.460230.530.55841.85-141.37---29.60--
Foxtons Group PLC147.13m5.49m158.78m1.20k30.221.267.861.080.01740.01740.46720.41690.6162--5.51--2.300.24972.880.2969----3.730.447--7.520.321--4.855.70-42.59--29.24--
Property Franchise Group PLC27.25m7.37m196.33m185.0013.732.6420.857.200.22940.22940.84781.190.4762--6.48147,302.7012.8812.8215.5015.0379.7085.4427.0625.16--21.310.107964.4912.9621.7798.7114.634.8811.63
abrdn Property Income Trust Ltd-74.54m-91.50m206.62m0.00--0.6468-----0.239-0.239-0.19510.838-0.1441-------17.692.68-20.532.75--86.34--51.45---10.020.2987128.31-136.48---159.55-----3.14
Triple Point Social Housing REIT PLC39.84m34.99m234.51m0.006.750.5239--5.890.08830.08830.10041.140.0562--10.25--4.934.334.964.36----87.8385.17----0.369873.916.4928.2340.5111.95---5.60
Newriver Reit PLC69.90m-23.50m240.46m44.00--0.6595--3.44-0.0757-0.07570.22491.180.088--25.421,588,636.00-2.96-4.94-3.09-5.1464.2362.92-33.62-57.52--0.60370.504---2.04-7.44-340.00---30.26-20.43
Helical PLC45.61m-174.84m256.58m28.00--0.5108--5.63-1.42-1.420.37094.070.052415.871.96---20.092.38-20.822.5463.1671.37-383.3356.161.980.08440.31750.99-2.54-21.38-172.57--49.662.23
Home Reit PLC26.20m47.80m300.81m0.00------11.480.12810.12810.07571.110.0419--6.87--7.64--7.73--87.29--182.46------0.2826--------------
Custodian Property Income Reit PLC44.68m-54.40m331.96m0.00--0.7852--7.43-0.1234-0.12340.10140.9590.0677--11.82---8.242.87-8.772.9785.1388.77-121.7542.07--0.37460.3029141.1210.674.87-153.81--38.12-4.30
Picton Property Income Ltd53.49m-80.52m344.04m10.00--0.6406--6.43-0.1477-0.14770.09810.9850.0643--2.055,349,000.00-9.673.83-9.913.9467.9675.33-150.5361.56--0.26960.297962.5111.331.21-160.91------
CLS Holdings plc148.70m-249.80m345.75m118.00--0.3721--2.33-0.6287-0.62870.37432.340.0638--9.151,260,170.00-10.720.0033-11.990.003775.9977.80-167.990.0567--0.23120.536212,991.676.442.26-205.01---12.13-0.7055
Data as of Mar 28 2024. Currency figures normalised to Triple Point Social Housing REIT plc's reporting currency: UK Pound GBX

Institutional shareholders

47.84%Per cent of shares held by top holders
HolderShares% Held
East Riding of Yorkshire Council (Investment Management)as of 31 Dec 202232.88m8.36%
Investec Wealth & Investment Ltd.as of 31 Dec 202228.89m7.34%
Evelyn Partners Investment Management Services Ltd.as of 31 Dec 202219.89m5.06%
Nottinghamshire County Council Pension Fundas of 31 Dec 202219.42m4.94%
MFS International (UK) Ltd.as of 01 Mar 202418.86m4.79%
Brewin Dolphin Ltd.as of 31 Dec 202216.03m4.08%
Legal & General Investment Management Ltd.as of 02 Mar 202315.02m3.82%
West Yorkshire Pension Fundas of 31 Mar 202213.85m3.52%
South Yorkshire Pensions Authorityas of 31 Dec 202211.96m3.04%
BlackRock Investment Management (UK) Ltd.as of 04 Sep 202311.44m2.91%
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Data from 31 Mar 2022 - 01 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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