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Triple Point Social Housing REIT PLC ( (GB:SOHO) ) has shared an announcement.
Triple Point Social Housing REIT PLC announced the successful passing of a resolution at its General Meeting to amend its Investment Policy, allowing increased exposure to any one Approved Provider up to 35% of the Group’s gross asset value, and a maximum aggregate exposure to the top two Approved Providers not exceeding 55%. This change is expected to impact the company’s operations by potentially increasing its investment flexibility and risk exposure, while also affecting its industry positioning by potentially enhancing its investment appeal among stakeholders.
More about Triple Point Social Housing REIT PLC
Social Housing REIT PLC is a UK-based Real Estate Investment Trust that primarily invests in newly-developed social housing assets with a focus on specialised supported housing. These assets are managed by Approved Providers such as Housing Associations and Local Authorities, delivering long-term sustainable income. The company is part of the FTSE EPRA/NAREIT index and operates on the Main Market of the London Stock Exchange.
YTD Price Performance: -1.35%
Average Trading Volume: 756,143
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £230.6M
See more data about SOHO stock on TipRanks’ Stock Analysis page.
