Overview

Living REIT (formerly Social Housing REIT and before that Triple Point Social Housing REIT : SOHO) is asking shareholders to approve a broader mandate. If approved, its investable universe will comprise:

  • Specialised Supported Housing (“SSH”): SSH is residential accommodation that is specially designed and adapted for vulnerable adults who require care and/or support to live independently within the community. SSH assets are typically leased to Approved Providers that are regulated by the Regulator of Social Housing (or equivalent) and incorporate adaptations and service provisions tailored to the needs of individuals living in the property;
  • Senior living: Senior living assets are purpose-built residential accommodation and community developments that provide individuals over the age of 55 with rental homes, to facilitate independent living with optional on-site care and support services. Senior living assets provide self-contained homes with secure tenure for age-qualified residents and feature communal facilities and access to personalised care and/or support where required; and

Care homes: Care home assets are purpose-built or purpose-adapted residential healthcare facilities that integrate 24-hour accommodation with on-site regulated care and/or nursing services for individuals who can no longer live independently due to age, disability, or medical need. Care home assets are typically let on occupational leases to care providers regulated by the Care Quality Commission (or equivalent).

The company aims to provide shareholders with stable, long-term, inflation-linked income from a portfolio of Living assets in the United Kingdom. In doing so the Group follows a sustainability strategy based on three key pillars – Thriving People, Sustainable Homes, and Engaged Governance – with the objective of benefiting residents, communities, and shareholders.

The Group also targets the creation of positive social impact by targeting four impact objectives: solving for the social need for more Living assets, to fund sustainable developments, to increase the supply of sustainable Living assets, and to work with quality services and partnerships. The portfolio comprises investments in operating assets and the forward funding of pre-let development assets.The Group seeks to optimise the mix of these assets to enable it to pay a progressive dividend increasing in line with inflation and so generate an attractive risk-adjusted total return.

you can access the company’s website here

Fundamentals

Ticker
LIVE
Exchange
XLON
Domicile
GBR
Sector
Real Estate
Market Capitalisation (M)
345
Share Price (GBP)
0.75
12 Month Trailing Dividend Yield
6.24%

Price

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