5th Mar 2021 14:37
Triple Point Social Housing REIT PLC- London-based real estate investment trust - Reports EPRA net tangible assets per share of 106.42 pence as at December 31, up from 105.37p the year before with 7.7% valuation uplift for portfolio to GBP571.5 million. Total income up at GBP28.9 million for 2020 from GBP21.1 million the year before, helping pretax profit rise to GBP24.6 million from GB23.7 million. Pays or declares dividends totalling 5.18p per share in 2020, up 1.7% from 5.095p per share in 2019.
Chair Christopher Phillips says: "The fundamentals of our sector remain strong. The need is as great - if not greater - than ever before. Our counterparties remain committed to providing high-quality housing. In light of all this, we look forward to 2021, conscious of the challenges that lie ahead, but cautiously optimistic about the success that we can achieve if we work hard to deliver the housing that our country, and our residents, so desperately need."
Current stock price: 106.70p
Year-to-date change: down 4.3%
By Anna Farley; [email protected]
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