Business
NAV and Dividend Declaration
NAV and Dividend Declaration.
About this update from Social Housing Reit Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2745R\n Triple Point Social Housing REIT\n 04 November 2021\n \n \n \n \n 4 November 2021\n \n \n Triple Point Social Housing REIT plc\n \n \n (the \"Company\" or, together with its subsidiaries, the \"Group\")\n \n \n NET ASSET VALUE AND DIVIDEND DECLARATION\n \n \n \n \n \n The Board of Directors of Triple Point Social Housing REIT plc (ticker: SOHO) are pleased to announce the Company's unaudited Net Asset Value (\"NAV\") as at 30 September 2021 and the declaration of an interim dividend in respect of the period from 1 July to 30 September 2021.\n \n \n \n \n \n Net Asset Value as at 30 September 2021\n \n \n \n \n \n The unaudited NAV\n \n reflects an independent RICS \"Red Book\" valuation of the Company's portfolio (including all property acquisitions completed) as at 30 September 2021, prepared by Jones Lang LaSalle Limited (\"JLL\"), on an individual asset basis (as required by IFRS).\n \n \n \n \n \n \n \n \n Net Asset Value\n \n \n \n \n \n \n \n \n \n \n \n \n \n As at \n \n \n 30 Sep 2021\n \n \n (unaudited)\n \n \n \n \n As at \n \n \n 30 Jun 2021\n \n \n (audited)\n \n \n \n \n % change\n \n \n \n \n \n \n NAV per Ordinary Share (pence)*\n \n \n \n \n 106.63p\n \n \n \n \n 106.42p\n \n \n \n \n +\n 0.2\n %\n \n \n \n \n \n \n \n \n * As at 30 September 2021, the EPRA NTA and IFRS NAV for the Company were the same.\n \n \n \n \n \n For information purposes only, JLL also undertook a valuation of the Company's assets on a portfolio basis (a \"Portfolio NAV\") which assumes that the assets are held in a single company holding structure which is sold to a third party on arm's length terms, and attracts lower purchaser's costs of 2.3%. The Portfolio NAV per Ordinary Share as at 30 September 2021 was \n 117.49 \n pence.\n \n \n \n \n \n Dividend Declaration\n \n \n \n \n \n The Board has declared an interim dividend in respect of the period from 1 July to 30 September 2021 of 1.30 pence per Ordinary Share, payable on or around 17 December 2021 to holders of Ordinary Shares on the register on 12 November 2021. The ex-dividend date will be 11 November 2021.\n \n \n \n \n \n The dividend will be paid as a Property Income Distribution (\"PID\").\n \n \n \n \n \n The Company is targeting an aggregate dividend of 5.20 pence per Ord...