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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
- LocationTriple Point Social Housing REIT plc1 King William StreetLONDON EC4N 7AFUnited KingdomGBR
- Phone+44 20 7201 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
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Regional REIT Ltd | 53.72m | -67.46m |
| Phoenix Spree Deutschland Ltd | 23.50m | -83.97m |
| Aew UK Reit PLC | 22.55m | -12.49m |
| Foxtons Group PLC | 147.13m | 5.49m |
| abrdn Property Income Trust Ltd | 9.28m | -8.27m |
| Newriver Reit PLC | 69.90m | -23.50m |
| Property Franchise Group PLC | 27.28m | 7.40m |
| Triple Point Social Housing REIT PLC | 39.84m | 34.99m |
| Helical PLC | 45.61m | -174.84m |
| Home Reit PLC | 26.20m | 47.80m |
| Custodian Property Income Reit PLC | 44.68m | -54.40m |
| CLS Holdings plc | 148.70m | -249.80m |
Institutional shareholders
| 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% |
