3rd Mar 2023 14:16
Triple Point Social Housing REIT PLC - London-based real estate investment trust - In 2022, total income is GBP35.3 million, up 6.6% from GBP33.1 million a year ago. Total annualised income rises to GBP39.0 million from GBP35.8 million. Pretax profit, however, falls by 12% to GBP24.9 million from GBP28.4 million, despite operating profit rising to GBP35.7 million from GBP35.2 million a year ago. Total expenses rise to GBP7.9 million from GBP6.9 million. Net tangible assets per share amounts to 109.06 pence at December 31, up from 0.7% from 108.27p on the same date a year ago. Declares a total dividend of 5.46 pence per share, up 5.0% from 5.20p a year prior. Looking ahead, says it is currently considering "making accretive share buybacks and the potential sale of a portfolio, and so any future deployment will need to be considered in this context".
Chair Christopher Phillips says: "I am pleased to report that we have delivered a stable and consistent set of results. The need for more Specialised Supported Housing in the UK continues to grow and this fact, more than anything, underpins our resilient financial performance."
Current stock price: 52.30 pence each, up 3.0% on Friday afternoon in London
12-monht change: down 39%
By Xindi Wei, Alliance News reporter
Comments and questions to [email protected]
Copyright 2023 Alliance News Ltd. All Rights Reserved.