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NAV, Dividend Declaration & 2021 Dividend Guidance
NAV, Dividend Declaration & 2021 Dividend Guidance.
About this update from Social Housing Reit Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7534Y\n Triple Point Social Housing REIT\n 17 May 2021\n \n \n \n \n 17 May 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 NAV AS AT 31 MARCH 2021\n \n \n DIVIDEND DECLARATION AND 2021 DIVIDEND GUIDANCE\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 31 March 2021, the declaration of an interim dividend and dividend guidance for the financial year ending 31 December 2021.\n \n \n \n \n \n Net Asset Value as at 31 March 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 and the prevailing value of forward funded commitments) as at 31 March 2021, prepared by Jones Lang LaSalle Limited (\"JLL\"), on an individual asset basis (as required by IFRS).\n \n \n \n \n \n The Group's portfolio has remained resilient to the disruption caused by COVID-19 and has continued to increase in value. This reflects the Group's ongoing consistent rent collection and the essential nature of the accommodation it provides to vulnerable adults.\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 31 Mar 2021\n \n \n (unaudited)\n \n \n \n \n As at 30 Dec 2020\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 106.55p\n \n \n \n \n 106.42p\n \n \n \n \n +0.12%\n \n \n \n \n \n \n \n \n * As at 31 March 2021, the IFRS NAV and EPRA NTA 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 31 March 2021 was 117.06 pence.\n \n \n \n \n \n Dividend Declaration and 2021 Dividend Guidance\n \n \n \n \n \n The Board has declared an interim dividend in respect of the period from 1 January to 31 March 2021 of 1.30 pence p...