Overview
An investment in Triple Point Social Housing REIT : SOHO will enable investors to gain exposure to a portfolio of Social Housing assets in the UK, with a particular focus on Supported Housing. The assets within the portfolio will be subject to inflation-linked, long-term, Fully Repairing and Insuring (“FRI”) leases with Approved Providers, benefiting from government backed and supported revenue streams. Triple Point Social Housing REIT will invest in both standing assets and forward funded developments.
Triple Point Social Housing REIT is targeting a covered dividend equal to 5 per cent. of the issue price of £1 per share (in respect of the first full financial year, paid quarterly and to increase the dividend thereafter in line with inflation) and a total return of 9 per cent. of the issue price per year, following deployment of the net proceeds and associated gearing.
you can access the company’s website here
Fundamentals
Price
Research History
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22 Jan 2024 10 min read
QuotedData’s Real Estate Annual Review – 2023
Real Estate Annual Review Kindly sponsored by abrdn Things can only get better The real estate sector endured a tough 2023, with much of the year characterised by falling values amid the high interest rate landscape. Values have since stabilised across sub-sectors. Optimism returned in the final couple of months of the year, on promising […]
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13 Dec 2023 15 min read
QuotedData’s Real Estate Monthly Roundup – December 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data November’s biggest movers in price terms are shown in the charts below. Property stocks bounced back in November after a difficult few months, with the median share price across the sector up 8.2%. Investor sentiment towards the sector improved as hopes that interest rates have hit […]
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17 Nov 2023 11 min read
QuotedData’s Real Estate Monthly Roundup – November 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data October’s biggest movers in price terms are shown in the charts below. October was another difficult month for property companies, with only a handful of positive moves and the median share price across the sector down 4.7%. Although not reflected in the data here, the Bank […]
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13 Oct 2023 12 min read
QuotedData’s Real Estate Monthly Roundup – October 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data September’s biggest movers in price terms are shown in the charts below. Investor sentiment towards property stocks continues to wane, with the median share price of REITs and listed property companies down another 2.4% over the month of September – and 14.8% in the year to […]
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14 Sep 2023 17 min read
QuotedData’s Real Estate Monthly Roundup – September 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data August’s biggest movers in price terms are shown in the charts below. The property sector remains in a state of limbo as investors await signs that interest rates have peaked. The median share price of REITs and listed property companies was down 2.4% over the month […]
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11 Aug 2023 10 min read
QuotedData’s Real Estate Monthly Roundup – August 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data July’s biggest movers in price terms are shown in the charts below. Better than expected inflation figures in the UK raised hope that interest rates had peaked, and that commercial property values may have bottomed out. Improving investor sentiment towards the sector was reflected in an […]
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19 Jul 2023 9 min read
QuotedData’s Real Estate Quarterly Review – Second Quarter 2023
Real estate quarterly report Kindly sponsored by abrdn Discounted indiscriminately Stubbornly high inflation in the UK has raised the prospect of higher for longer interest rates, with the base rate hitting 5.0% in the UK dashing any hopes of a recovery in commercial property values for the foreseeable future. This negative outlook was reflected in […]
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14 Jul 2023 12 min read
QuotedData’s Real Estate Monthly Roundup – July 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data June’s biggest movers in price terms are shown in the charts below. Sticky inflation in the UK and the Bank of England’s 0.5% hike in interest rates, which now sit at 5.0%, their highest level in 15 years, saw uncertainty return to the property market. The […]
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13 Jun 2023 15 min read
QuotedData’s Real Estate Monthly Roundup – June 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data May’s biggest movers in price terms are shown in the charts below. The property sector is a hotbed of merger and acquisition (M&A) activity as investors look to take advantage of the unloved sector and wide discounts to net asset values (NAVs). Higher than expected inflation […]
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16 May 2023 13 min read
QuotedData’s Real Estate Monthly Roundup – May 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data April’s biggest movers in price terms are shown in the charts below. Property stocks returned to positive territory in April after months of losses due to the impact of higher interest rates on valuations. The first signs of values stabilising are starting to feed through with […]
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25 Apr 2023 8 min read
QuotedData’s Real Estate Quarterly Review – First Quarter 2023
Real estate quarterly report Kindly sponsored by abrdn Headwinds mount up The headwinds facing commercial real estate continued to mount up in the first quarter of 2023, reflected in an 8.9% average share price fall across the sector. Already reeling from the impact of higher interest rates on valuations, the collapse of Silicon Valley Bank […]
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06 Apr 2023 13 min read
QuotedData’s Real Estate Monthly Roundup – April 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data March’s biggest movers in price terms are shown in the charts below. Property stocks tumbled further in March as stubborn inflation and a further interest rate hike was announced by the Bank of England. The median average share price fall across the sector was 7.9%. Perhaps […]
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82 min read
QuotedData’s Economic and Political Monthly Roundup April 2023
Economic and Political Monthly Roundup Investment companies | Monthly | April 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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09 Mar 2023 15 min read
QuotedData’s Real Estate Monthly Roundup – March 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data February’s biggest movers in price terms are shown in the charts below. It was a mixed month in terms of share price performance for property companies, with a mean average share price fall of 0.3% across the sector. On the positive side, shopping centre behemoth Hammerson […]
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09 Feb 2023 7 min read
QuotedData’s Real Estate Monthly Roundup – February 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data January’s biggest movers in price terms are shown in the charts below. 2023 started positively for the property sector, with a median average share price uplift of 1.3%. A gloomy economic outlook at the end of 2022 saw many property companies’ share prices fall to substantial […]
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05 Jan 2023 11 min read
QuotedData’s Real Estate Monthly Roundup – January 2023
Real Estate Roundup Kindly sponsored by abrdn Performance data December’s biggest movers in price terms are shown in the charts below. 2022 ended with another difficult month for property companies as the sector continues to get to grips with the impact of higher interest rates. There were several funds that performed well during December, however. […]
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9 min read
QuotedData’s Investment Companies Roundup – January 2023
December 2022 Monthly roundup | Investment companies Winners and losers in December 2022 The Financials sector only has two constituents, one of these – Trian Investors 1 – has seen its discount narrow since it promised to return cash to investors by next June, and it has also benefited from underlying NAV appreciation. Last month’s […]
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03 Nov 2022 8 min read
QuotedData’s Real Estate Roundup – November 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data October’s biggest movers in price terms are shown in the charts below. Having priced in a major write-down of portfolio valuations in the real estate sector, especially after interest rate expectations rocketed following the disastrous mini-budget at the end of September, the market seems to have […]
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06 Oct 2022 10 min read
QuotedData’s Real Estate Roundup – October 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data September’s biggest movers in price terms are shown in the charts below. The real estate sector is facing the perfect storm. Fears that interest rate rises will be higher and faster as the Bank of England looks to quell inflation, exacerbated by the chancellor’s disastrous ‘mini […]
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9 min read
QuotedData’s Investment Companies Roundup – October 2022
Investment Companies Monthly Roundup Kindly sponsored by Baillie Gifford and abrdn October 2022 Monthly | Investment companies Winners and losers in September 2022 September’s median total share price return was -6.4% (+0.4% in August). The median NAV return over September was -1.2%. See Appendix 1 for a breakdown of how all the sectors have […]
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07 Jul 2022 15 min read
QuotedData’s Real Estate Roundup – July 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data June’s biggest movers in price terms are shown in the charts below. There were only a handful of property companies that saw share price growth in the month of June as interest rate rises and concerns of an impending recession took hold. Top of the list […]
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10 Jun 2022 16 min read
QuotedData’s Real Estate Roundup – June 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data May’s biggest movers in price terms are shown in the charts below. A perpetual theme in the listed property sector over the last few years has been the persistent discount to net asset value that many companies’ share prices have traded on. Some have succumbed to […]
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06 May 2022 9 min read
QuotedData’s Real Estate Roundup – May 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data April’s biggest movers in price terms are shown in the charts below. Fears of a looming recession meant April was a difficult month for property stocks generally. There were a few positive performers in share price terms, however. Leading the way was London office landlord and […]
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06 Apr 2022 15 min read
QuotedData’s Real Estate Roundup – April 2022
Real Estate Roundup Kindly sponsored by abrdn Performance data March’s biggest movers in price terms are shown in the charts below. Property stocks generally rallied in March, perhaps due to the relative inflation hedge they can provide. There were two outliers in Dublin office specialist Hibernia REIT and small-cap South East of England landlord McKay […]
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24 Jan 2022 10 min read
QuotedData’s Real Estate Annual Review – 2021
Real Estate Annual Review Kindly sponsored by Aberdeen Standard Investments Bouncebackability Over the course of 2021, the property sector certainly rebounded from the depths of the pandemic-induced slumps of 2020, with the average share price of listed property companies up 14.2%. That didn’t mean there were not some ups and downs along the way. The […]
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15 Oct 2021 8 min read
QuotedData’s Real Estate Quarterly Review – Third Quarter 2021
Real Estate Quarterly Review Kindly sponsored by Aberdeen Standard Investments Rate rise fears dampens bounce back The quarter started with much promise, as activity picked up with the full opening of the economy. This was reflected in the valuation of commercial properties and in turn investor sentiment to the listed real estate sector. However, supply chain […]
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08 Oct 2021 10 min read
QuotedData’s Real Estate Roundup – October 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data September’s biggest movers in price terms are shown in the chart below. With fears that economic growth will be stunted by supply chain issues, September wasn’t a great month for property stocks. However, development and regeneration specialist Harworth saw its share price rise 13.3% […]
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09 Sep 2021 9 min read
QuotedData’s Real Estate Roundup – September 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data August’s biggest movers in price terms are shown in the chart below. Traditionally a quiet month, August was anything but for property companies. While takeovers, IPO activity and large investment deals dominated the headlines, Tritax Big Box REIT continued its impressive performance. After reporting […]
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14 Jul 2021 3 min read
QuotedData’s Property Webinar Series – Week 2 Playback
On 14th July 2021, QuotedData hosted the second of 4 Property focused webinars. This webinar was focused on Property and included presentations and Q&As from 4 managers, covering different aspects of property. We would like to thank all of our speakers and attendees for joining us. Click on the links below to watch the presentations – […]
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19 Apr 2021 8 min read
QuotedData’s Real Estate Quarterly Review – first quarter 2021
Lockdown cloud begins to lift The success of the vaccine rollout in the UK and the implementation of a roadmap out of lockdown saw the share prices of listed property companies – most of which had been decimated during the last year – make somewhat of a recovery. The economy is on firmer footing and […]
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14 Apr 2021 11 min read
QuotedData’s Real Estate Roundup – April 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data March’s biggest movers in price terms are shown in the chart below. Drum Income Plus REIT saw its share price rally 75% in March following the announcement that its board was undertaking a strategic review to consider the future of the company, which it […]
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22 Jan 2021 12 min read
QuotedData’s Real Estate Annual Review – 2020
Real Estate Annual Review Kindly sponsored by Aberdeen Standard Investments Riding out the COVID rollercoaster The 2020 rollercoaster saw more downs than ups and at times felt like a pandemic induced freefall. Lockdowns, tiers and plenty of U-turns meant investing in property was not for the faint hearted. Positivity returned at the end of the […]
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14 Jan 2021 9 min read
QuotedData’s Real Estate Roundup – January 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data December’s biggest movers in price terms are shown in the chart below. The boost of coming out of the second national lockdown in early December was short lived as Christmas was cancelled for most of the UK with COVID-19 cases spiking. It did little […]
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17 Dec 2020 12 min read
QuotedData’s Real Estate Roundup – December 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data November’s biggest movers in price terms are shown in the chart below. The eagerly awaited news of a successful vaccine candidate came at the start of November, boosting the stock market. Property companies that had seen their share price battered over the past eight […]
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01 Dec 2020 3 min read
QuotedData’s ESG Conference – week 2 Social day playback
On the 1st December QuotedData hosted the second of three ESG focused webinars. This Social webinar included presentations and Q&As from 4 investment companies’ managers focused on offering social solutions such as housing for the homeless or those with specialist care requirements. We would like to thank all our speakers and our attendees for joining us. Click below to […]
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12 Nov 2020 9 min read
QuotedData’s Real Estate Roundup – November 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data October’s biggest movers in price terms are shown in the chart below. October finished with the threat of a second lockdown looming over the UK as COVID-19 cases continued to rise. However, this did not dampen demand for shares in some of the companies […]
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16 Oct 2020 8 min read
QuotedData’s Real Estate Quarterly Review – Q3 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Toughing it out It has been another challenging quarter for the real estate sector as the COVID-19 pandemic continues to take its toll. The economy bounced back in the early part of the quarter after the national lockdown was lifted, while government schemes such as […]
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09 Oct 2020 10 min read
QuotedData’s Real Estate Roundup – October 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data September’s biggest movers in price terms are shown in the chart below. There was an eclectic mix of property companies to feature in the top price movers for September. Top of the tree was private rented sector and residential development specialist Sigma Capital Group, […]
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10 Sep 2020 8 min read
QuotedData’s Real Estate Roundup – September 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data August’s biggest movers in price terms are shown in the chart below. There were some interesting price rises during the month of August as investors’ search for returns took them to property companies that have seen their share prices severely depressed during the Covid-19 […]
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13 Aug 2020 9 min read
QuotedData’s Real Estate Monthly Roundup – August 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data July’s biggest movers in price terms are shown in the chart below. A number of REITs and property companies saw big share price gains over the month of July as covid-19 restrictions started to ease across the UK and greater economic stimulus was revealed. […]
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29 Jul 2020 1 min read
QuotedData’s Property Summer Conference – week 4
COVID-19 is creating havoc in some parts of the property sector but others are thriving. On Wednesday 29th July we held the fourth of our summer property webinars where the managers of Triple Point Social Housing, CEIBA Limited, Supermarket Income REIT, Schroder European Real Estate Investment Trust gave presentations on their fund, the property sector as a whole and […]
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20 Apr 2020 7 min read
QuotedData’s Real Estate Quarterly Roundup – First Quarter 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Covid chaos The covid-19 pandemic has had a devastating effect on the share price of property companies, with 31% wiped off the value of their total market capitalisation during the first quarter of 2020. Companies focused on the retail, leisure and hospitality property sectors were […]
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07 Apr 2020 11 min read
QuotedData’s Real Estate Roundup – April 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data March’s biggest movers in price terms are shown in the chart below. Property stocks took a hammering in March as the covid19 pandemic took hold. The UK was put on lockdown to stop the spread of the coronavirus resulting in the enforced closure of […]
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07 Feb 2020 9 min read
QuotedData’s Real Estate Roundup – February 2020
Real Estate Roundup Performance data January’s biggest movers in price terms are shown in the chart below. The sluggish start to the year for listed property companies is hardly surprising given they were coming off a high base after the “Boris-bounce” following the general election in December. Topping the list was Triple Point Social Housing […]
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13 Nov 2019 8 min read
QuotedData’s Real Estate Roundup – November 2019
Real Estate Roundup Performance data October’s biggest movers in price terms are shown in the chart below. For the second month running, Capital & Regional topped the list for share price growth: up 30.5% in the month – admittedly off a low base. The shopping centre landlord’s shares continued to rise after it agreed a […]
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15 Oct 2019 7 min read
Investment companies quarterly roundup – Third quarter 2019
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford New research Over the third quarter, we published notes on India Capital Growth, Jupiter Emerging & Frontier Income, Montanaro European Smaller Companies, JLEN Environmental Assets, Civitas Social Housing, JPMorgan Russian Securities, International Biotechnology Trust, Aberdeen Emerging Markets, Seneca Global Income & Growth, Standard Life Investments Property Income […]
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07 Oct 2019 5 min read
QuotedData’s investment companies roundup – October 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over September, we published notes on India Capital Growth, Jupiter Emerging & Frontier, International Biotechnology Trust, JPMorgan Russian Securities, Civitas Social Housing, Montanaro European Smaller Companies and JLEN Environmental Assets. We also launched a monthly real estate roundup, beginning with reviews of August and September. In […]
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02 Oct 2019 11 min read
QuotedData’s Real Estate Roundup – October 2019
Real Estate Roundup Performance data September’s biggest movers in price terms are shown in the chart below. The month of September was a bumper month for many property companies’ share price, dominated by retail focused companies, who in general have taken a hammering over the past 18 months or so. Top of the list was […]
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18 Sep 2019 7 min read
QuotedData’s Real Estate Roundup – September 2019
Real Estate Roundup Performance data August’s biggest movers in price terms are shown in the chart below. The month of August has traditionally been a quiet period for news and announcements in the property sector, and this year is no different. Central London landlord Shaftesbury, which owns Carnaby Street as well as huge swathes of […]
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12 Jul 2019 6 min read
Quarterly investment companies roundup – Second quarter 2019
Quarterly investment companies roundup – Second quarter 2019 QuotedData news Global equities re-found momentum in June after a cautious April and May. How much longer this ten-year bull market can sustain itself continues to be the subject of much debate. The prospect of interest rate cuts in the US has re-invigorated sentiment for the time […]
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07 Jun 2019 3 min read
QuotedData’s investment companies roundup – June 2019
Investment Companies Roundup New research Over May, we published notes on Shires Income, Standard Life Private Equity and The North American Income Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was notable that risk appetite was down in May as renewed […]
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08 May 2019 3 min read
QuotedData’s investment companies roundup – May 2019
Investment Companies Roundup New research Over April, we published notes on Henderson Diversified Income, Ecofin Global Utilities and Infrastructure, Jupiter Emerging and Frontier Income, Seneca Global Income & Growth and Polar Capital Global Financials Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was […]
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13 Nov 2018 1 min read
QuotedData’s investment companies roundup – November 2018
QuotedData’s investment companies roundup – November 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2018. Kindly sponsored by Baillie Gifford. Winners and losers in October In what was generally a miserable month for equity markets, Brazil shone […]
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16 Oct 2018 2 min read
Quarterly Investment Companies Roundup – Third Quarter 2018
Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018. This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]
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12 Oct 2018 1 min read
QuotedData’s Economic round up – October 2018
QuotedData’s Economic round up – October 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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1 min read
QuotedData’s investment companies roundup – October 2018
QuotedData’s investment companies roundup – October 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in September Trian Investors 1 is a new fund that will adopt […]
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18 Jan 2018 1 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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10 Jan 2018 2 min read
QuotedData investment companies roundup – January 2018
QuotedData investment companies roundup – January 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2017. Kindly sponsored by Baillie Gifford. January Investment Companies Roundup Winners and losers in December Infrastructure India’s share price […]
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10 Nov 2017 1 min read
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
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19 Oct 2017 1 min read
Quarterly investment companies roundup – Third quarter 2017
Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]
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12 Oct 2017 1 min read
QuotedData investment companies roundup – October 2017
QuotedData investment companies roundup – October 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2017. Kindly sponsored by Baillie Gifford. October Investment Companies Roundup Amongst the top performers, Alternative Liquidity Fund sold its […]
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14 Sep 2017 1 min read
QuotedData investment companies roundup – September 2017
QuotedData investment companies roundup – September 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2017. Kindly sponsored by Baillie Gifford. September Investment Companies Roundup Winners and losers in August Ashmore Global’s […]
News
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21 Nov 2024 2 min read
QuotedData’s morning briefing 21 November 2024 – SHRS, BGLF, EBOX, WHR, SOHO, CRT
In QuotedData’s morning briefing 21 November 2024: Shires Income (SHRS) announced its interim results for the six months to 30 September 2024. The company delivered a NAV total return of 6.8%, compared to a benchmark return of 6.1%. The share price total return was 14.5%, resulting in a narrowing of the discount of share price […]
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30 Sep 2024 1 min read
Triple Point Social Housing REIT appoints new manager
The board of Triple Point Social Housing REIT has announced the appointment of Atrato Partners as the company’s new investment manager, replacing Triple Point. A review of the investment management arrangements was launched by the board earlier this year, and it has now decided to part ways with Triple Point. Atrato, which also manages Supermarket […]
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13 Sep 2024 4 min read
Real estate’s Rocky moment?
Having taken a combination of macroeconomic blows over the last few years that sent the real estate market to the canvas, the sector appears set to stage a recovery. In true Rocky style, property seems to have beaten the 10 count and is back in the fight. There is always the threat of a knockout […]
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20 Aug 2024 1 min read
QuotedData’s morning briefing 20 August 2024 – PCFT, SOHO, IPU
In QuotedData’s morning briefing 20 August 2024: Polar Capital Global Financials (PCFT) has been promoted to the FTSE 250 Index, replacing Redrow which has been taken over by Barratt Developments. Triple Point Social Housing REIT (SOHO) has completed the transfer of all 38 properties previously leased to struggling housing association Parasol (representing 9.7% of the […]
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02 Aug 2024 3 min read
QuotedData’s morning briefing 2 August 2024 – RCOI, PEY, HOME, SOHO, AERS
In QuotedData’s morning briefing 2 August 2024: Riverstone Credit Opportunities Income (RCOI) has provided an update on its investment in a loan to Harland & Wolff Group Holdings Plc following an announcement by that company. Alongside other credit funds managed by Riverstone, RCOI is co-invested in a US$115m loan to Harland &Wolff, of which RCOI’s […]
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10 Jun 2024 2 min read
QuotedData’s morning briefing 10 June 2024 – DORE, SOHO, CLI
In QuotedData’s morning briefing 10 June 2024: Downing Renewables & Infrastructure Trust (DORE) has provided a Q1 NAV update for the three months ending 31 March 2024. DORE reported a NAV of £212.3m or 119.2p per share, a 1.3% increase from its 31 December 2023 value. Its NAV was primarily driven by positive FX movements, […]
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09 May 2024 2 min read
QuotedData’s morning briefing 9 May 2024 – SONG, DGN, AWEM, EOT, GSEO, THRL, AIRE, SOHO, SMT
In QuotedData’s morning briefing 9 May 2024: Concord Bidco, the bidding vehicle for the Alchemy/Concord Chorus bid for Hipgnosis (SONG), says that its offer of $1.25 per Hipgnosis share is final and will not be increased. [QD comment: as we suspected, Concord was unable/unwilling to better Blackstone’s $1.30 bid, which at the current exchange rate […]
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03 May 2024 2 min read
Triple Point Social Housing REIT to make portfolio sales and cuts ties with troubled tenant
Triple Point Social Housing REIT is working to transfer the leases of troubled tenant Parasol to another registered social housing provider that should result in greater rent collection. The company also said that it intends to make selective sales from its portfolio and return the proceeds back to shareholders through buy backs. Lease transfer As […]
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07 Sep 2023 2 min read
QuotedData’s morning briefing 7 September 2023 – GRID, IEM, SWEF, SOHO, HOME
In QuotedData’s morning briefing 7 September 2023: Gresham House Energy Storage (GRID) reports a fall in its NAV and a -3.5% return for the six months ended 30 June 2023. Most of the negative impact comes from lower revenue forecasts (these took 15.5p off the NAV). The discount rate used to value the portfolio has […]
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01 Sep 2023 1 min read
QuotedData’s weekly news update 1st September 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Harmony Energy Income (0:35) • Triple Point Social Housing (8:19) Andrew McHattie looked at the major NAV, price and discount moves over August (12:46). […]
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1 min read
Triple Point Social Housing REIT sells four assets in line with book values
Triple Point Social Housing REIT (SOHO) has announced that it has completed on the sale of four specialised supported housing properties, for a total of £7,586,600, to a private UK real estate investment firm. The sale price reflects a gain of £663,136 (9.6%) against the total purchase price (excluding transaction costs) and is principally in […]
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21 Jul 2023 5 min read
QD view – Where there’s smoke is there fire?
We have previously espoused the notion that the widespread discounts in the unlisted investment trust sectors are often unjustified. It is certainly true that many viable investment strategies are trading on ever wider discounts, if not their historically widest levels, with investors for example selling down their holdings out of fear of valuations cuts, or […]
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21 Apr 2023 1 min read
QuotedData’s weekly news show 21st April 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • HydrogenOne (1:04) • RTW Venture Fund (6:22) • Triple Point Social Housing REIT / Civitas Social Housing (8:01) This week’s interview was with Jean Roche […]
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03 Mar 2023 1 min read
QuotedData’s weekly news show 3rd March 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Aquila Energy Efficiency (0:26) • Princess Private Equity (5:51) • Triple Point Social Housing REIT (8:26) Andrew McHattie looked at the significant share price […]
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1 min read
Inflation-linked leases boost Triple Point Social Housing REIT
Triple Point Social Housing REIT has reported a slight uptick in NAV in 2022 results as the positive impact of its inflation-linked leases offset yield movement caused by rising interest rates. Highlights include: EPRA Net Tangible Assets per share of 109.06 pence as at 31 December 2022 (2021: 108.27 pence), an increase of 0.7%. Portfolio independently valued at £669.1m (2021: £642.0m) The portfolio’s […]
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03 Feb 2023 1 min read
QuotedData’s weekly news show 3rd February 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Triple Point Social Housing (1:05) • Aquila European Renewables (7:05) Andrew McHattie’s summary on social housing sector (13:49). This week’s interview was with Will […]
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2 min read
Triple Point Social Housing REIT to cap rental uplifts at 7%
Triple Point Social Housing REIT (SOHO) has said that it will implement a 7% cap on rental uplifts this year. The temporary one-year cap (which will end on 31 December 2023) is consistent with both the UK government’s 7% cap on social housing rent increases (Specialised Supported Housing that SOHO and Civitas Social Housing provide […]
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25 Aug 2022 2 min read
QuotedData’s morning briefing 25 August 2022
In QuotedData’s morning briefing 25 August 2022: Triple Point Social Housing REIT (SOHO) has announced that Fitch Ratings has affirmed its existing Investment Grade, long-term Issuer Default Rating (IDR) of ‘A-‘ with a stable outlook and a senior secured rating of ‘A’ for the Group’s existing loan notes. Click here to read the Fitch Rating Action Commentary in […]
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25 Mar 2022 1 min read
Triple Point Social Housing REIT posts modest NAV rise
Triple Point Social Housing REIT reported a modest NAV increase of 1.7% in the year to 31 December 2021. Highlights of the results are: EPRA Net Tangible Assets (equal to IFRS net asset value) per share of 108.27 pence (2020: 106.42 pence), an increase of 1.7% Portfolio independently valued at £642.0m (2020: £571.5m) The portfolio’s […]
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08 Mar 2022 1 min read
Triple Point Social Housing REIT to amend investment policy
Triple Point Social Housing REIT has proposed making changes to its investment policy and investment restrictions. In summary, the company proposes to make the following changes to its investment policy and investment restrictions: Removing the company’s minimum lease term restriction Allowing the company to selectively take on the cost of funding planned maintenance Giving the […]
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05 Jan 2022 1 min read
QuotedData’s morning briefing 5 January 2022
In QuotedData’s morning briefing 5 January 2022: Round Hill Music Royalty (RHM) has acquired a significant share of the master artist royalties and entered into a long-term agreement to administer the neighbouring rights income of the catalogue of Nancy Wilson, of the band Heart. The catalogue includes the number one hit “These Dreams” that was […]
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16 Dec 2021 3 min read
QuotedData’s morning briefing 16 December 2021
In QuotedData’s morning briefing 16 December 2021: Triple Point Social Housing REIT (SOHO) says that Parasol, a registered provider focused on the supported housing sector, has been deemed non-compliant with regards to elements of the Regulator’s governance and financial viability standard. The Regulator would like to see Parasol demonstrate improvement in the areas of business […]
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08 Oct 2021 2 min read
QD view – IPO hits the buffers
It has been a turbulent few weeks for the social housing sector, with the biggest fund Civitas Social Housing being aggressively targeted by a short-seller. Not only has this hit the share price of Civitas (down 27.5% since 5 August) and its listed peer Triple Point Social Housing REIT (down 17% since mid-August), but it […]
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18 Jun 2021 2 min read
QD view – Is property still a good hedge against inflation?
Real estate has historically been a good hedge against inflation and, with the consumer prices index (CPI) rising to 2.1% in May heightening fears that stagflation could be round the corner, investors may be keen to double down on their real estate investment trust (REIT) exposure. However, traditional real estate market drivers are not at […]
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19 Mar 2021 1 min read
QuotedData’s weekly news show 19 March 2021
QuotedData’s weekly news show 19 March 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on Youtube. In this week’s show, James Carthew covered the week’s top stories: James Anderson of Scottish Mortgage retirement announcement Apax Global Alpha update Richard Williams also covered: Supermarket Income REIT […]
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1 min read
Civitas and Triple Point Social Housing respond to regulator update
The two listed social housing REITs, Civitas Social Housing and Triple Point Social Housing REIT, have responded to regulatory judgements on two of their tenants. Pivotal Housing Association and Hilldale Housing Association both breached the Regulator of Social Housing’s (RSH’s) governance and financial viability. Civitas said Pivotal, which represents 3.96% of its rent roll, and Hilldale, which […]
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09 Mar 2021 1 min read
QuotedData’s morning briefing 9 March 2021
In QuotedData’s morning briefing 9 March 2021: Triple Point Social Housing REIT (SOHO) has bought seven supported housing properties, comprising 68 individual units in total, for an aggregate consideration of approximately £12.1m. The properties are located in the North West (24 units), the North East (23 units), Yorkshire (10 units), the East (7 units) and the South East […]
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15 Dec 2020 2 min read
QuotedData’s morning briefing 15 December 2020
In QuotedData’s morning briefing 15 December 2020: Triple Point Social Housing has secured an increase to its existing Revolving Credit Facility (RCF jointly provided by Lloyds Bank and National Westminster Bank. The RCF will increase from £130m to £160m. The term has been extended by a year to 20 December 2023 and comes at 1.85% over LIBOR. […]
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27 Nov 2020 3 min read
QD view – positive social impact
Thanks to everyone that tuned into the ‘E’ for environmental day of our ESG conference this week. If you missed it, you can listen back to presentations by the AIC, Bluefield Solar, SDCL Energy Efficiency and Jupiter Green here. Next Tuesday it is the turn of ‘S’ for Social. The line-up for the social day […]
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05 Nov 2020 1 min read
QuotedData’s morning briefing 5 November 2020
In QuotedData’s morning briefing 5 November 2020, as it looks as though Joe Biden is on his way to the White House: JPMorgan Emerging Markets reminds us that, if shareholders approve at today’s AGM, its shares will be split on a 10 for one basis from tomorrow morning. Shareholders should note that this should not change […]
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02 Nov 2020 2 min read
QuotedData’s morning briefing 2 November 2020
In QuotedData’s morning briefing 2 November 2020 – Downing Strategic Micro-Cap (DSM) reported interim results for the six months ended 31 August 2020. The NAV increased by 22.5% from the March 2020 low-point, but was down 5.5% over the period, on a per-share basis. Chairman, Hugh Aldous, noted the following: “I said in May that we […]
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06 Aug 2020 2 min read
QuotedData’s morning briefing 6 August 2020
In QuotedData’s morning briefing 6 August 2020: VinaCapital Vietnam Opportunity has completed its sale of its stake in International Dairy Products. The fund shares $45.4m with its co-investment partner Daiwa PI Partners. All in, this deal added 14 cents to the NAV but this is already in the NAV (has been reflected there since 10 July). […]
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15 May 2020 1 min read
QuotedData’s morning briefing 15 May 2020
In QuotedData’s morning briefing 15 May 2020 Having collected 100% of rents due at the end of March, Triple Point Social Housing REIT has raised its dividend target for the year ended 31 December 2020 to 5.18p, 1.7p up on the figure for 2019. It has also appointed Stifel Nicolaus Europe Limited as sole corporate broker and […]
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24 Apr 2020 2 min read
Value to be found in property funds
Covid-19 has obliterated the property market with tenants across all sectors struggling with cash flow problems as various measures to restrict the spread of the disease have been stepped up in most countries. This has had a devastating effect on the rental income of property companies, which have in some cases received as little as […]
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14 Apr 2020 1 min read
QuotedData’s morning briefing 14 April 2020
In QuotedData’s morning briefing 14 April 2020: Oil bounces a bit as OPEC announces production cuts Ashoka India Equity said that Manoj Garg, a member of the team managing the trust, has relocated from Mumbai to Singapore and will no longer be involved in the management of the fund. Aberdeen Asia Focus Income has renewed a […]
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25 Feb 2020 1 min read
QuotedData’s other news 25 February 2020
In QuotedData’s other news 25 February 2020 – JPMorgan Global Growth & Income (JPGI) delivered interim results to 31 December 2019. Over the period, the company saw a 4.7% total NAV return, which compares with a return of 4.6% from its benchmark (the MSCI All Countries World Index in sterling terms). The slight outperformance was the […]
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12 Feb 2020 1 min read
Health Secretary targeted for failing people with learning difficulties and autism
Health Secretary targeted for failing people with learning difficulties and autism – More investment needed in accommodation for people with learning difficulties and autism The Equality and Human Rights Commission has launched a legal challenge against the Secretary of State for Health and Social Care over the repeated failure to move people with learning disabilities and autism […]
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07 Jan 2020 1 min read
Triple Point Social Housing adds 4 supported living properties
Triple Point Social Housing adds 4 supported living properties – Triple Point Social Housing (SOHO) has completed the acquisition of 4 supported housing properties, totalling 41 units in total, for around £6.3m (excluding costs). The properties are located in Yorkshire (35 units) and the East of England (6 units). The company has entered into new full […]
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29 Oct 2019 1 min read
Triple Point Social Housing credit facility extended to £130m
Triple Point Social Housing credit facility extended to £130m – The social housing REIT, Triple Point Social Housing (SOHO), has announced it has secured a £60m extension to its existing £70m revolving credit facility (RCF) arrangement with Lloyds Bank (Lloyds). NatWest will provide additional debt financing (on identical terms) alongside Lloyds, taking the RCF to […]
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23 Oct 2019 1 min read
QuotedData’s other news 23 October 2019
In QuotedData’s other news 23 October 2019 Triple Point Social Housing REIT has completed the acquisition of 18 supported housing properties, comprising 77 units in total, for an aggregate commitment of approximately GBP11.6 million (excluding costs). The properties are located in the West Midlands (30 units), the East Midlands (20 units), the South West (11 units), […]
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10 Sep 2019 1 min read
QuotedData’s other news 10 September 2019
In QuotedData’s other news 10 September 2019 – Some half-year results announcements, including: GCP Asset Backed Income reported interim results to 30 June 2019; loans of £55.4m were advanced over the period, secured against 20 projects.The company ended the period with exposure to a diversified and partially inflation and/or interest rate protected portfolio of 40 asset […]
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1 min read
Acquisitions update from Triple Point Social Housing
Acquisitions update from Triple Point Social Housing – Triple Point Social Housing (SOHO) has announced that it has completed the acquisition of 36 supported housing properties and exchanged contracts on a further 4 supported housing properties, comprising 216 units in total, for an aggregate commitment of approximately £27.4m (excluding costs). The properties are located in the […]
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06 Sep 2019 1 min read
QuotedData’s other news 6 September 2019
In QuotedData’s other news 6 September 2019 – International Public Partnerships has announced its interim results for the six months ending 30 June 2019. Key financial highlights include: NAV per share growth to 150.3 pence (31 December 2018: 148.1 pence); Interim dividend increase to 3.59 pence per share (30 June 2018: 3.50 pence per share); […]
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2 min read
Triple Point Social Housing acquires six supported housing properties
Triple Point Social Housing REIT (SOHO) has announced that the Group has completed the acquisition of six supported housing properties. The six properties comprise 47 units in total, for an aggregate commitment of approximately £7.2 million (excluding costs). The properties are located in the South (12 units), East Midlands (16 units), Yorkshire (11 units), the […]
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18 Jul 2019 1 min read
QuotedData’s other news 18 July 2019
In QuotedData’s other news 18 July 2019: The global growth fund, Brunner Investment Trust (BUT), reported half-year results to 31 May 2019 with NAV (with debt at fair value) up 2.9% on a total return basis. The company’s portfolio delivered a return of 4.1% between December 2018 and May 2019 – the main driver of performance […]
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1 min read
Triple Point Social Housing announces £7.7m portfolio expansion
Triple Point Social Housing announces £7.7m portfolio expansion – Triple Point Social Housing (SOHO) has announced that it has completed the acquisition of four supported housing properties and also acquired the land and entered into a forward funding arrangement to develop another supported housing project, comprising 46 units in total, for an aggregate commitment of approximately […]
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29 May 2019 1 min read
QuotedData’s other news 29 May 2019
In QuotedData’s other news 29 May 2019: TriplePoint Social Housing REIT has bought 12 supported housing properties, exchanged contracts on a further three supported living properties and acquired the land and entered into forward funding arrangements to develop another three supported housing schemes, comprising 178 units in total, for an aggregate commitment of approximately £39.5m. Harbourvest Private […]
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21 May 2019 2 min read
Westmoreland failings do not affect Civitas or TriplePoint
Westmoreland failings do not affect Civitas or TriplePoint – On 20 May 2019 the Regulator for Social Housing issued a judgement on Westmoreland Supported Housing (a Registered Provider that features in both Civitas Social Housing and Triple Point Social Housing’s portfolios). The judgement relates to a number of properties that Westmoreland is responsible for but […]
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18 Apr 2019 1 min read
QuotedData’s other news – 18 April 2019
QuotedData’s other news – 18 April 2019 TriplePoint Social Housing REIT has bought six supported housing properties and acquired the land and entered into forward funding arrangements to develop another two supported housing schemes, comprising 80 units in total, for an aggregate commitment of GBP14.8 million. These leases are with specialist housing associations, including Falcon Housing Association, […]
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04 Apr 2019 1 min read
Regulator issues report on social housing sector
Regulator issues report on social housing sector – The Regulator of Social Housing has published a report on ‘Lease-based providers of specialised supported housing’ – the sorts of registered providers that are the counterparties to leases provided by Civitas Social Housing and Triple Point Social Housing REIT. You can read the report here Civitas had this […]
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16 Feb 2019 2 min read
Judgement issued on Inclusion Housing CIC
Judgement issued on Inclusion Housing CIC – The Regulator of Social Housing has issued a regulatory judgment in respect of Inclusion, one of the 15 housing associations working with Civitas. Inclusion has been issued with a G3 grading in terms of Governance and a V3 grading in terms of Financial Viability. These are the same gradings […]
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11 Dec 2018 2 min read
Triple Point Social Housing acquires 24 supported housing properties
Triple Point Social Housing REIT has announced that it has completed the acquisition of 24 supported housing properties, comprising 143 units in total, for an aggregate commitment of £24.15m (excluding costs). The properties are located in the North East (20 units), the East Midlands (62 units), the West Midlands (8 units), the South East (9 […]
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03 Dec 2018 3 min read
Westmoreland rated V3G3 but Triple Point says impact minimal
Westmoreland rated V3G3 but Triple Point says impact minimal – Triple Point Social Housing REIT has made an announcement following the Regulatory Judgement published today by the Regulator of Social Housing in relation to Westmoreland Supported Housing Association. Westmoreland, a registered provider focused on the supported housing sector, has 1,379 social housing units under management and […]
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09 Nov 2018 3 min read
Regulator verdict on Trinity Housing
Regulator verdict on Trinity Housing – Following on from our story of 3 October, The Regulator for Social Housing has passed a regulatory judgement on Trinity Housing Association. Its conclusion on governance and viability is: G3 (Non-compliant) The provider does not meet our governance requirements. There are issues of serious regulatory concern and in agreement […]
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26 Oct 2018 1 min read
Triple Point Social Housing invests in another 87 units
Triple Point Social Housing invests in another 87 units – Triple Point Social Housing REIT has completed the acquisition of ten supported housing properties, acquired the land and entered into forward funding arrangements to develop another supported housing scheme and exchanged contracts on one further supported housing property, comprising 87 units in total, for an aggregate commitment […]
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15 Oct 2018 1 min read
Regulator looking into Westmoreland Supported Housing
Regulator looking into Westmoreland Supported Housing – The Regulator of Social Housing has published a new grading under review notice – this time on Westmoreland Supported Housing, a leading registered provider in the portfolios of Civitas Social Housing and Triple Point Social Housing REIT. The notice says “The Regulator of Social Housing reports that Westmoreland Supported Housing Limited […]
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05 Oct 2018 1 min read
Triple Point buys ten more supported housing properties
Triple Point buys ten more supported housing properties – Triple Point Social Housing REIT has completed the acquisition of ten supported housing properties and exchanged contracts on three further supported housing properties, comprising 51 units in total, for an aggregate commitment of GBP7.9 million (excluding costs). The properties are located in the North West (3 units), the […]
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03 Oct 2018 2 min read
Another registered provider being reviewed by regulator
Another registered provider being reviewed by regulator – on 18 September 2018 the Regulator of Social Housing published a ‘Grading under review notice’ on Trinity Housing Association Limited. The notice says that “Trinity Housing Association Limited does not currently have a regulatory judgement as it previously held less than 1,000 homes. We are investigating a […]
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14 Sep 2018 1 min read
Triple Point Social Housing joins the queue for extra cash
Triple Point Social Housing joins the queue for extra cash – Triple Point Social Housing REIT has just published its interim accounts. Things seem to be on the right track, it has announced that its EPRA NAV has risen to 101.61p (as at the end of June 2018) from 100.84p (as at the end of 2017) and […]
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10 Sep 2018 2 min read
Triple Point Social Housing fully invested and ready to expand again
Triple Point Social Housing fully invested and ready to expand again – Triple Point Social Housing REIT has completed the acquisition of five supported housing properties, exchanged contracts on one further supported housing property, and has acquired the land and entered into forward funding arrangements to develop another supported housing scheme, comprising 38 units in total, for […]
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02 Mar 2018 1 min read
Triple Point report busy first six months
Triple Point report busy first six months – The managers of the social housing REIT, Triple Point Social Housing (SOHO) have not been resting on their laurels. They have acquired 116 properties (828 units) with average property value of £1.2 m and an aggregate purchase price of £131.8 m (including costs). The geographic split of the properties is […]
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01 Dec 2017 1 min read
Triplepoint portfolio continues to expand
Triplepoint portfolio continues to expand – Triple Point Social Housing REIT has completed four further acquisitions of supported housing properties, comprising 52 units in total, for an aggregate purchase price of approximately £10.4 million (excluding costs). The four properties are located in Merseyside (27 units), Lancashire (21 units) and Brighton (4 units). The Merseyside property […]
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13 Oct 2017 1 min read
Triple Point Social Housing invests another £10m
Triple Point Social Housing invests another £10m – The Board of Triple Point Social Housing REIT says that the group has completed the acquisition of 12 supported housing properties, comprising 75 units in total, for an aggregate purchase price of GBP10.5 million (excluding costs). The properties are located in Bournemouth (1), Durham (1), Newcastle (1) […]
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04 Sep 2017 1 min read
Investment Trust Insider on Triple Point Social Housing REIT
James Carthew: how the two social housing Reits compare Triple Point Social Housing (SOHO) is one of the recent crop of new issues in the burgeoning housing real estate investment trust (Reit) sub-sector. It raised £200 million in an oversubscribed issue at a time when rival launches struggled to meet their targets and some were […]
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2 min read
Triple Point Social Housing makes second investment
Triple Point Social Housing makes second investment – Triple Point Social Housing REIT says it has progressed well since its successful IPO in early August, which was supported by a broad range of institutional investors as well as by Places for People Group, one of the UK’s largest property and leisure management, development and regeneration companies. Shortly […]
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In The Press
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30 Sep 2024 1 min read
Investment trust insider on my portfolio
Investment trust insider on my portfolio – James Carthew: New trusts for my portfolio Our columnist considers where to reinvest his cash from the Hipgnosis Songs takeover, and the forthcoming sale of assets in Abrdn Property Income. Flush with cash from the Hipgnosis (SONG) takeover and, soon perhaps Abrdn Property Income (API), which just announced […]
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22 Jul 2024 1 min read
Friday Briefing: Could this be Home REIT’s final chapter?
Valeria Martinez, Investment Week, 22 July 2024: This October marks four years since Home REIT debuted on the London Stock Exchange. Typically, that would be a milestone to celebrate, if it were not for the fact that shareholders have been unable to trade its shares for nearly half of that time. After two rocky years […]
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17 Jun 2024 1 min read
10 experts name their top investment trust bargain
by Jennifer Hill from interactive investor, 17th June 2024: Discounts are wide across the investment trust universe, giving investors plenty of bargain-hunting potential. The average discount across 288 investment trusts that publish net asset values (NAVs) was -17.7% at the end of May, compared to -5% across 241 trusts five years ago, according to an […]
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13 May 2024 1 min read
Investment trust insider on Triple Point Social Housing
Investment trust insider on Triple Point Social Housing – Richard Williams: SOHO’s attractive 9% yield hangs on board decision Shares in Triple Point Social Housing trade at half the value of its assets. That looks harsh, but they could start to rerate once the board gives dividend guidance for this year on Thursday. Annual rent […]
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22 Sep 2023 1 min read
What investment trust boards are doing to address wide discounts
James Crux, Shares Magazine, 21 September 2023: According to data from the AIC, the average investment trust discount to net asset value has widened from 12.2% at the end of 2022 to 14.5% as of 8 September 2023, while sector averages have generally widened. The exception is private equity, which narrowed from 25.1% to 4.5%, […]
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01 Sep 2023 1 min read
Triple Point Social Housing sells four properties roughly in line with book value
Valeria Martinez, Investment Week, 1 September 2023: The Triple Point Social Housing (SOHO) REIT has sold four properties roughly in line with the book value of its portfolio, with proceeds earmarked for potential share buybacks or debt repayments. In a stock exchange notice today (1 September), the board said the assets had been sold to […]
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09 May 2023 1 min read
Civitas backs take-private offer that ‘undervalues company’
By Mitchell Labiak, Investors’ Chronicle, May 9 2023: Social housing landlord Civitas (CSH) has backed a £485mn take-private offer from Hong Kong-based investor CK Asset Holdings (CKA). The 80p per share cash offer represents a 44.4 per cent premium to Civitas’ closing share price on 5 May – with shares jumping this morning to match […]
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28 Feb 2023 1 min read
20 investment trusts cheaper now than during Covid-19 sell-off
by Kyle Caldwell from interactive investor, 28th February 2023: Three years ago was a great opportunity to pick up bargains among investment trusts as the Covid-19 pandemic caused widespread panic and fear… Three years ago is a case in point. In response to the emergence of Covid-19, stock markets fell notably, with the FTSE All-Share […]
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07 Feb 2023 1 min read
Investment trust insider on income in time of inflation
Investment trust insider on income in time of inflation – James Carthew: Choppy outlook for income folk One question I have been pondering is, how would an income investor reliant on a portfolio of investment companies be faring now? Unfortunately, it looks as though some belt-tightening would be required. For example, companies that adopted a […]
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22 Nov 2022 1 min read
Investment trust insider on the electricity generator levy
Investment trust insider on the electricity generator levy – James Carthew: Government’s incompetence to renewables windfall tax a crying shame The incredible rise in power prices over the past year was undoubtedly good news for UK-focused renewable energy generators. Not all of the spike in the market price for power was captured by these companies […]
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08 Aug 2022 2 min read
QuotedData: Why are social housing specialists struggling?
Richard Williams for Investment Week, 21 July 2022: As the wider economic challenges grow, providing insulation from the worst of the downturn has become a priority. The social housing sector has all of the characteristics to provide this protection, while also delivering substantial social impact. Despite the fundamental asset being residential property, it has very […]
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19 Jul 2021 1 min read
How to invest in property that makes a difference
Earn a steady income by backing social housing projects with these investment trusts By ANGHARAD CARRICK FOR THISISMONEY.CO.UK PUBLISHED: 07:42, 15 July 2021 | UPDATED: 07:42, 15 July 2021 More and more savers want to make a positive difference with their investments as well as a financial return. Environmental issues have been front of mind among investors for some time […]
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16 Nov 2020 1 min read
Engines of growth: Investment trusts for responsible investing
Engines of growth: Investment trusts for responsible investing By Mary McDougall, Investors Chronicle, 12 November 2020 Appetite for investment products with strong environmental, social and governance (ESG) credentials has boomed this year as the pandemic has put the need for a sustainable world under the spotlight. Enthusiasm has been helped by sustainable funds broadly outperforming their conventional peers […]
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05 Oct 2020 1 min read
Should you face the music over dividend cuts and dip into capital?
Should you face the music over dividend cuts and dip into capital? It’s seen as taboo – but some experts say now may be the time to break the golden rule By ANNE ASHWORTH FOR THE DAILY MAIL PUBLISHED: 21:51, 2 October 2020 | UPDATED: 13:26, 4 October 2020 These are dispiriting days for those needing a decent income from […]
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01 Oct 2020 1 min read
Spate of contrarian investment trust IPOs
Spate of contrarian investment trust IPOs after coronavirus drought stuns investors By Jessica Tasman-Jones, 30 Sep 20 Half of the total £900m being targeted is in out-of-favour UK equities A spate of investment trust IPOs after a six-month drought induced by the coronavirus outbreak and lockdown has surprised investors due to the dominance of products in […]
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04 Apr 2019 1 min read
Investment Trust Insider on Triple Point Social Housing
Investment Trust Insider on Triple Point Social Housing – James Carthew: thank goodness for social housing Triple Point Social Housing (SOHO), the smaller of the two real estate investment trusts (Reit) focused on supported living properties, has published its first full set of annual results. These made positive reading with a total return of 7.5% on […]
