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NET ASSET VALUES AS AT 31 MARCH 2018
NET ASSET VALUES AS AT 31 MARCH 2018.
About this update from Social Housing Reit Plc
[{"type":"text","content":"\n \nRNS Number : 4827R Triple Point Social Housing REIT 15 June 2018 \n\n15 June 2018\nTriple Point Social Housing REIT plc\n(the \"Company\" or, together with its subsidiaries, the \"Group\")\nNET ASSET VALUES AS AT 31 MARCH 2018\nThe Board of Directors of Triple Point Social Housing REIT plc (tickers: SOHO; SOHC) has decided to announce the Company's net asset values (\"Net Asset Values\" or \"NAVs\") on a quarterly basis going forward and, accordingly, is pleased to announce its unaudited NAVs as at 31 March 2018.\n \nThe unaudited Net Asset Values set out below reflect 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 2018, prepared by Jones Lang LaSalle Limited (\"JLL\"), 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 31 Mar 2018\n(unaudited)\n\n\nAs at 31 Dec 2017\n(audited)\n\n\n% change\n\n\n\n\nOrdinary Share NAV per share (p)\n\n\n101.14\n\n\n100.84\n\n\n+0.30%\n\n\n\n\nC Share NAV per share (p)**\n\n\n98.00\n\n\nN/A\n\n\nN/A\n\n\n\n* As at 31 March 2018, the IFRS and EPRA NAVs for the Company were the same.\n** On 27 March 2018, the Company raised gross proceeds of £47.5m through the issue of C Shares. As at 31 March 2018, the Net Asset Value of the C Share pool is equivalent to the net proceeds of the issue as no assets had yet been acquired.\n \nFor information purposes only, JLL undertook a valuation of the Company's portfolio 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 per cent. The Portfolio NAV per Ordinary Share as at 31 March 2018 was 107.28p.\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\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\nCanacco...