Triple Point Social Housing REIT - Financial and social returns
SUMMARY
Triple Point Social Housing REIT (SOHO) delivered strong performance in H121. Its portfolio of long lease specialised social housing assets continues to perform as expected, delivering consistent financial returns and generating strong, externally assessed social value. Although the share price has recently weakened on a revived debate about the sustainability of the lease-based provider model, we forecast no financial impact and expect SOHO to meet its FY21 DPS target (a yield of 5.4%).
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- Triple Point Social Housing REIT - Financial and social returns13 Oct 2021
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