Triple Point Social Housing REIT PLC (GB:SOHO) has released an update.
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Triple Point Social Housing REIT PLC reports a robust start to 2024 with increased rent collection reaching 93.3% and a portfolio demonstrating strong rental growth, including a 6.1% weighted average uplift. The company has also agreed to terms for a £20+ million portfolio sale expected to complete by September, alongside progress in lease transfers with Parasol and turnaround engagements with My Space. These strategic moves underscore the company’s resilient performance and proactive management of its social housing assets.
For further insights into GB:SOHO stock, check out TipRanks’ Stock Analysis page.
