Business
NET ASSET VALUE AS AT 30 SEPTEMBER 2018
NET ASSET VALUE AS AT 30 SEPTEMBER 2018.
About this update from Social Housing Reit Plc
[{"type":"text","content":"\n \nRNS Number : 4040H Triple Point Social Housing REIT 15 November 2018 \n\n15 November 2018\nTriple Point Social Housing REIT plc\n(the \"Company\" or, together with its subsidiaries, the \"Group\")\nNET ASSET VALUE AS AT 30 SEPTEMBER 2018\nThe Board of Triple Point Social Housing REIT plc (ticker: SOHO) announces the Company's unaudited Net Asset Value (\"NAV\") as at 30 September 2018.\n \nThe unaudited NAV 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 30 September 2018, prepared by Jones Lang LaSalle Limited, on an individual asset basis (as required by IFRS).\n \n\n\n\nIFRS and EPRA Net Asset Values*\n\n\n\n\n\n\n\nAs at 30 Sep 2018\n(unaudited)\n\n\nAs at 30 Jun 2018\n(unaudited)\n\n\n% change\n\n\n\n\nNAV per Ordinary Share (pence)\n\n\n100.47\n\n\n101.61\n\n\n- 1.1%\n\n\n\n \n* As at 30 September 2018, the IFRS and EPRA NAVs for the Company were the same.\n \nIn light of the recent equity issue undertaken by the Company which raised £108.15 million and completed in October 2018 (the \"Issue\"), the Board decided that the new Ordinary Shares issued pursuant to the Issue should not be entitled to the Q3 dividend of 1.25p per Ordinary Share in respect of the quarter to 30 September 2018 (the \"Q3 Dividend\"). Accordingly, the Q3 Dividend was declared early, on 19 September 2018 with a record date of 28 September 2018. Had the Q3 Dividend not been declared early, the NAV per Ordinary Share as at 30 September 2018 would have been 101.72p.\n \nFOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:\n\n\n\nTriple Point Investment Management LLP\n(Delegated Investment Manager)\n\n\n(via Newgate below)\n\n\n\n\nJames Cranmer\n\n\n\n\n\n\n\nBen Beaton\n\n\n\n\n\n\n\nMax Shenkman\n\n\n\n\n\n\n\nJustin Hubble\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAkur Limited (Joint Financial Adviser)\n\n\nTel: 020 7493 3631\n\n\n\n\nTom Frost\n\n\n\n\n\n\n\nAnthony Richardson\n\n\n\n\n\n\n\nSiobhan Sergeant\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCanaccord Genuity Limited (Joint Financial Adviser and Corporate Broker)\n\n\nTel: 020 7523 8000\n\n\n\n\nLucy Lewis\n\n\n\n\n\n\n\nDenis Flanagan\n\n\n\n\n\n\n\nAndrew Zychowski\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNewgate (PR Adviser)\n...