Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Triple Point Social Housing REIT PLC ( (GB:SOHO) ) has issued an announcement.
Triple Point Social Housing REIT PLC has announced the appointment of Atrato Partners Limited as its new investment manager, effective January 1, 2025, replacing Triple Point Investment Management LLP. The decision follows a comprehensive review process and aims to align management fees with market capitalization, resulting in significant cost savings for the company. This strategic move is expected to enhance the quality of rental income and improve asset management, benefiting shareholders and strengthening the company’s position in the specialized supported housing sector.
More about Triple Point Social Housing REIT PLC
Triple Point Social Housing REIT PLC operates as a UK Real Estate Investment Trust, focusing on investments in newly developed social housing assets within the UK. The company primarily targets supported housing, with most of its assets under inflation-linked, long-term Fully Repairing and Insuring leases with approved providers, such as housing associations and local authorities.
YTD Price Performance: 0.16%
Average Trading Volume: 727,823
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £227.8M
See more data about SOHO stock on TipRanks’ Stock Analysis page.
