Triple Point Social Housing REIT - Strong rent growth and improving rent collection

188 Views22 May 2024 19:10
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SUMMARY

Triple Point Social Housing REIT’s (SOHO’s) Q124 update confirms a continuing improvement in rent collection. The newly set FY24 DPS target is unchanged compared to FY23 at 5.46p as the board considers the impact of asset sales and transfers. This represents a yield of 9.0%. Strong indexed rental income continues to support income and capital values.

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