Business
Results for the six months ended 30 June 2019
Results for the six months ended 30 June 2019.
About this update from Social Housing Reit Plc
[{"type":"text","content":"\n \nRNS Number : 4311L Triple Point Social Housing REIT 06 September 2019 \n\nTHIS ANNOUNCEMENT HAS BEEN DETERMINED TO CONTAIN INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014.\n \n6 September 2019\nTriple Point Social Housing REIT plc\n(the \"Company\" or, together with its subsidiaries, the \"Group\")\nRESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2019\nThe Board of Triple Point Social Housing REIT plc (ticker: SOHO) is pleased to announce its unaudited results for the six months ended 30 June 2019.\n \n\n\n\n\n\n\n1 January 2019 to 30 June 2019\n\n\n1 January 2018 to 30 June 2018\n\n\nYear ended 31 December 2018\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nIFRS NAV per share\n\n\n103.96p\n\n\n101.61p\n\n\n103.65p\n\n\n\n\nEarnings per share (basic and diluted)\n- IFRS basis\n- EPRA basis\n \n\n\n \n2.82p1\n1.53p\n\n\n \n3.02p\n1.39p\n\n\n \n8.37p\n2.27p\n\n\n\n\nTotal annualised rental income\n\n\n£21.1m\n\n\n£10.4m\n\n\n£17.4m2\n\n\n\n\nValue of the portfolio\n- IFRS basis \n- Portfolio valuation basis\n \n\n\n \n£385.9m\n£423.2m\n\n\n \n£190.0m\n£203.4m\n\n\n \n£323.5m\n£343.7m\n\n\n\n\nWeighted average unexpired lease term\n\n\n26.2 yrs\n\n\n29.0 yrs\n\n\n27.2 yrs\n\n\n\n\nDividend paid or declared per Ordinary Share\n\n\n2.54p\n\n\n2.50p\n\n\n5.00p\n\n\n\n\nDividend paid per C Share\n\n\n-\n\n\n-\n\n\n1.29p\n\n\n\n \nFinancial highlights\n· IFRS net asset value per share of 103.96 pence at 30 June 2019 (31 December 2018: 103.65 pence).\n· Portfolio independently valued as at 30 June 2019 at £385.9 million on an IFRS basis (31 December 2018: £323.5 million), reflecting a valuation uplift of 6.87% against total invested funds of £370.4 million3. The properties have been valued on an individual basis. \n· The Group's assets were valued at £423.2 million on a portfolio valuation basis (31 December 2018: £343.7 million), reflecting a portfolio premium of 6.89% or a £27.3 million uplift against the IFRS valuation. A portfolio valuation basis assumes the portfolio of properties is held in a single compan...