Triple Point REIT Shows Robust Rental Growth

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

Triple Point Social Housing REIT PLC reported solid financial resilience with robust rental growth in the first half of 2024, evidenced by a fully covered dividend and an adjusted earnings per share increase to 2.74 pence. The company’s portfolio value saw a slight reduction to £652.7 million while maintaining strong operational performance with a weighted average unexpired lease term of 24 years. Notably, 93.3% of rent was collected during the period, marking an improvement from the previous year.

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