Business
Rent Collection, NAV and Dividend Declaration
Rent Collection, NAV and Dividend Declaration.
About this update from Social Housing Reit Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3146E\n Triple Point Social Housing REIT\n 05 November 2020\n \n \n \n \n 5 November 2020\n \n \n Triple Point Social Housing REIT plc\n \n \n (the \"Company\" or, together with its subsidiaries, the \"Group\")\n \n \n RENT COLLECTION\n \n \n NET ASSET VALUE AND DIVIDEND DECLARATION\n \n \n \n \n \n The Board of Triple Point Social Housing REIT plc (ticker: SOHO) announces an update on rental receipts, a dividend declaration and the Company's unaudited Net Asset Value (\"NAV\") as at 30 September 2020.\n \n \n \n \n \n ·\n 100% of Q3 2020 rent due was received and ongoing rental receipts remain timely and in line with expectations and prior year experience. \n \n \n \n \n \n ·\n Interim dividend has been declared in respect of the period from 1 July to 30 September 2020 of 1.295 pence per Ordinary Share.\n \n \n \n \n \n · \n NAV as at 30 September 2020 was 106.12 pence per Ordinary Share, an increase of 0.74% compared to 30 June 2020. \n \n \n \n \n \n Rental Collection\n \n \n \n \n \n The Group's ongoing receipt of rents remains timely, unaffected by COVID-19, and in line with expectations and prior year experience. As such 100% of rent due for Q3 2020 has been received.\n \n \n \n \n \n Net Asset Value as at 30 September 2020\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 30 September 2020, 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 \n Net Asset Value\n \n \n \n \n \n \n \n \n \n As at 30 Sep 2020\n \n \n (unaudited)\n \n \n \n \n As at 30 Jun 2020\n \n \n (unaudited)\n \n \n \n \n % change\n \n \n \n \n \n \n NAV per Ordinary Share (pence)\n \n \n \n \n 106.12\n \n \n \n \n 105.34\n \n \n \n \n +0.74%\n \n \n \n \n \n \n \n \n \n For information purposes only, JLL also undertook a...