Triple Point REIT Acquires Shares, Aligns Interests

Triple Point Social Housing REIT PLC (GB:SOHO) has released an update.

Triple Point Social Housing REIT plc has announced the purchase of 432,938 Ordinary Shares at an average price of 65.37 pence on October 3, 2024, as part of their Investment Management Agreement, where 25% of the management fee is used to acquire shares. Partners and employees of Triple Point, incentivized by a Product Ownership Scheme, have been transferred 895,426 Ordinary Shares and hold a collective total of 4,853,416 Ordinary Shares in the company. This aligns with the company’s investment focus on social housing assets in the UK, which are often subject to long-term, inflation-linked leases with Approved Providers.

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