13th Aug 2021 16:31
Triple Point Social Housing REIT PLC - real estate investment trust - Notes the regulatory notice published by the Regulator of Social Housing in relation to Auckland Home Solutions. This follows the regulator's ongoing review of the specialised supported housing sector. Auckland, a registered provider focused on the supported housing sector, has recently been subject to a review by the regulator, resulting in Auckland being deemed non-compliant with regards to elements of the governance and financial viability standard. This reflects the regulator's desire to see Auckland demonstrate improvement in the areas of business planning and risk management. Triple Point says its independent valuer, Jones Lang LaSalle Ltd, has confirmed that there should be no material impact on the value of Triple Point's property portfolio as a result of the regulatory notice.
Current stock price: 112.60 pence
Year-to-date change: up 1.0%
By Evelina Grecenko; [email protected]
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