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RENTAL RECEIPT UPDATE AND NAV AS AT 31 MARCH 2020
RENTAL RECEIPT UPDATE AND NAV AS AT 31 MARCH 2020.
About this update from Social Housing Reit Plc
[{"type":"text","content":"\n \n \n RNS Number : 1945M\n Triple Point Social Housing REIT\n 07 May 2020\n \n \n \n \n 7 May 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 RENTAL RECEIPT UPDATE AND NAV AS AT 31 MARCH 2020\n \n \n \n \n \n The Board of Triple Point Social Housing REIT plc (ticker: SOHO) announces, an update on rental receipts and the Company's unaudited Net Asset Value (\"NAV\") as at 31 March 2020.\n \n \n \n \n \n ·\n 100% of Q1 2020 rent was received, and ongoing rental receipts remain timely and in line with both expectations and the experience of prior years\n \n \n \n \n \n · \n NAV as at 31 March 2020 was 105.67p per Ordinary Share, up 0.28% compared to 31 December 2019\n \n \n \n \n \n Rental Collection\n \n \n \n \n \n The Group's ongoing receipt of rents remains timely, and \n in line with both expectations and the experience of prior years. 100% of rent due for Q1 2020 has been received and 95% of rent due for April 2020 has been received to date, with the balance expected over the next few days (again in line with expectations and prior year experience).\n \n \n \n \n \n Net Asset Value as at 31 March 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 31 March 2020, prepared by Jones Lang LaSalle Limited (\"JLL\"), on an individual asset basis (as required by IFRS).\n \n \n \n \n \n Despite the disruption caused by COVID-19 the Group's portfolio has continued to increase in value. This reflects the Group's continuing 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 31 Mar 2020\n \n \n (unaudited)\n \n \n \n \n As at 31 Dec 2019\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 105.67\n \n \n \n \n 105.37\n \n \n \n \n + 0.28%\n \n \n \n \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 th...