Social Housing Reit (SOHO)

Sector:

Property Investment Trusts

Index:

FTSE Small Cap

69.60p
   
  • Change Today:
    -1.60p
  • 52 Week High: 73.50
  • 52 Week Low: 55.00
  • Currency: UK Pounds
  • Shares Issued: 393.42m
  • Volume: 1,451,147
  • Market Cap: £273.82m
  • RiskGrade: 95
  • Beta: 0.00

Triple Point Social Housing lessee hit with enforcement notice

By Josh White

Date: Friday 21 Apr 2023

LONDON (ShareCast) - (Sharecast News) - Triple Point Social Housing updated the market in response to an enforcement notice issued by the Regulator of Social Housing on Friday, to one of its registered providers, Auckland Home Solutions.
The London-listed real estate investment trust said Auckland manages fewer than 1,000 supported housing units, with the enforcement notice coming after a regulatory notice issued in August 2021.

It said the regulator expressed concerns that Auckland might not be compliant with its standards, and directed the provider to commission an independent review of governance, risk management, business planning and compliance with the Rent Standard.

Auckland would also be required to submit an action plan to achieve compliance once the review was complete.

The regulator also appointed three new board members to improve Auckland's capacity and capability.

Auckland represents 4.6% of Triple Point's portfolio value, and 4.6% of its rent roll.

As at 31 December, all rent due from Auckland had been paid in full, Triple point confirmed.

However, by 31 March, a small amount of rent outstanding, worth £41,064, was yet to be paid, but the board said it expected the matter to be resolved shortly.

Triple Point Social Housing has 30 assets leased to Auckland, worth a total of £30.8m as at 31 December.

The company said it would continue to monitor the situation closely, and work with Auckland to ensure compliance with the regulator's standards.

"The group's investment manager, Triple Point Investment Management, has an established relationship with Auckland and welcomes the additional skills the new directors will bring to Auckland's board," the company's directors said in their statement.

"The manager notes that Auckland has been working towards addressing the matters raised by the regulator in August 2021, and has already begun the commissioning process for the independent review required by the regulator."

At 1227 BST, shares in Triple Point Social Housing REIT were down 2.64% at 49.65p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SOHO Market Data

Currency UK Pounds
Share Price 69.60p
Change Today -1.60p
% Change -2.25 %
52 Week High 73.50
52 Week Low 55.00
Volume 1,451,147
Shares Issued 393.42m
Market Cap £273.82m
Beta 0.00
RiskGrade 95

SOHO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.92% above the market average0.92% above the market average0.92% above the market average0.92% above the market average0.92% above the market average
41.67% above the sector average41.67% above the sector average41.67% above the sector average41.67% above the sector average41.67% above the sector average
Price Trend
73.85% above the market average73.85% above the market average73.85% above the market average73.85% above the market average73.85% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average
Income
33.52% above the market average33.52% above the market average33.52% above the market average33.52% above the market average33.52% above the market average
30.43% above the sector average30.43% above the sector average30.43% above the sector average30.43% above the sector average30.43% above the sector average
Growth
16.93% below the market average16.93% below the market average16.93% below the market average16.93% below the market average16.93% below the market average
25.93% below the sector average25.93% below the sector average25.93% below the sector average25.93% below the sector average25.93% below the sector average

SOHO Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div 29-May-25 27-Mar-25
Paid 27-Jun-25 11-Apr-25
Amount 1.41p 1.36p

Trades for 29-May-2025

Time Volume / Share Price
16:35 124,562 @ 69.60p
16:35 3,075 @ 69.60p
16:35 259 @ 69.60p
16:35 2,519 @ 69.60p
16:35 38 @ 69.60p

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