Business
RESULTS FOR THE YEAR ENDED 31 DECEMBER 2018
RESULTS FOR THE YEAR ENDED 31 DECEMBER 2018.
About this update from Social Housing Reit Plc
[{"type":"text","content":"\n \nRNS Number : 4018U Triple Point Social Housing REIT 29 March 2019 \n\nTHIS ANNOUNCEMENT HAS BEEN DETERMINED TO CONTAIN INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014.\n \n29 March 2019\nTriple Point Social Housing REIT plc\n(the \"Company\" or, together with its subsidiaries, the \"Group\")\nRESULTS FOR THE YEAR ENDED 31 DECEMBER 2018\nThe Board of Triple Point Social Housing REIT plc (ticker: SOHO) is pleased to announce its audited results for the year ended 31 December 2018.\n \n\n\n\n\n \n\n\n31 December 2018\n\n\n31 December 2017*\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\nIFRS NAV per share\n\n\n103.65p\n\n\n100.84p\n\n\n\n\nEarnings per share (basic and diluted)\n - IFRS basis\n - EPRA basis\n \n\n\n \n8.37p\n2.27p\n\n\n \n3.94p\n0.02p\n\n\n\n\nTotal annualised rental income\n\n\n£17.4m1\n\n\n£7.8m\n\n\n\n\nValue of the portfolio\n - IFRS basis \n - Portfolio valuation basis\n \n\n\n \n£323.5m\n£343.7m\n\n\n \n£137.5m\n£146.9m\n\n\n\n\nWeighted average unexpired lease term\n\n\n27.2 yrs\n\n\n30.6 yrs\n\n\n\n\nDividend paid or declared per Ordinary Share\n\n\n5.00p\n\n\n1.00p\n\n\n\n\nDividend paid per C Share\n\n\n1.29p\n\n\n-\n\n\n\n\n* For the initial period from incorporation to 31 December 2017\nFinancial highlights\n· IFRS net asset value per share of 103.65 pence at 31 December 2018) (2017: 100.84 pence), an increase of 2.79%.\n· Portfolio independently valued as at 31 December 2018 at £323.5 million on an IFRS basis (2017: £137.5 million), reflecting a valuation uplift of 6.89% against total invested funds of £302.6 million2. The properties have been valued on an individual basis. \n· The Group's assets were valued at £343.7 million on a portfolio valuation basis (2017: £146.9 million), reflecting a portfolio premium of 6.24% or a £20.2 million uplift against the IFRS valuation. A portfolio valuation basis assumes t...