DividendRent collection difficulties with My Space and Parasol, which together comprised approximately 16% of the rent roll, took a considerable toll and resulted in the dividend being held flat since FY22.
EarningsEarnings downgrade as My Space remains unresolved and Parasol homes retenanted on lower rent.
Financial PerformanceSOHO's shares are still languishing at a 43% discount to NAV, and whilst this is a considerable improvement from the trough of a 60% discount, this merely mirrors the overall recovery in the sector.