Business
RESULTS FOR THE YEAR ENDED 31 DECEMBER 2021
RESULTS FOR THE YEAR ENDED 31 DECEMBER 2021.
About this update from Social Housing Reit Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0344G\n Triple Point Social Housing REIT\n 25 March 2022\n \n \n \n \n \n \n \n THIS ANNOUNCEMENT HAS BEEN DETERMINED TO CONTAIN INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014.\n \n \n \n \n \n 25 March 2022\n \n \n Triple Point Social Housing REIT plc\n \n \n (the \"Company\" or, together with its subsidiaries, the \"Group\")\n \n \n RESULTS FOR THE YEAR ENDED 31 DECEMBER 2021\n \n \n The Board of Triple Point Social Housing REIT plc (ticker: SOHO) is pleased to announce its audited results for the year ended 31 December 2021.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 31 December 2021\n \n \n \n \n 31 December 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n EPRA Net Tangible Assets per share \n \n \n (equal to IFRS NAV per share)\n \n \n \n \n 108.27p\n \n \n \n \n 106.42p\n \n \n \n \n \n \n Earnings per share (basic and diluted)\n \n \n - \n IFRS basis\n \n \n - \n EPRA basis\n \n \n \n \n \n \n \n \n \n \n 7.05p\n \n \n 4.82p\n \n \n \n \n \n \n \n 6.82p\n \n \n 4.61p\n \n \n \n \n \n \n Total annualised rental income\n \n \n \n \n £35.8m\n \n \n \n \n £31.6m\n \n \n \n \n \n \n Value of the portfolio\n \n \n - \n IFRS basis \n \n \n - \n Portfolio valuation basis\n \n \n \n \n \n \n \n \n \n \n £642.0m\n \n \n £692.0m\n \n \n \n \n \n \n \n £571.5m\n \n \n £611.6m\n \n \n \n \n \n \n Weighted average unexpired lease term\n \n \n \n \n 26.2 yrs\n \n \n \n \n 26.2 yrs\n \n \n \n \n \n \n Dividend paid or declared per Ordinary Share\n \n \n \n \n 5.20p\n \n \n \n \n 5.18p\n \n \n \n \n \n \n \n \n Financial highlights\n \n \n · \n EPRA Net Tangible Assets (equal to IFRS net asset value) per share of108.27 pence as at 31 December 2021 (2020: 106.42 pence), an increase of 1.7\n %\n .\n \n \n · \n Portfolio independently valued as at 31 December 2021at £642.0 million on an IFRS basis (2020: £571.5 million), reflecting a valuation uplift of 8.7% against total invested funds of £590.4 million\n \n 1\n \n . The properties have been valued on an individual basis. \n \n \n · \n The portfolio's total annualised rental income was £35.8 million as at 31 December2021(2020: £31.6 million).\n \n \n · \n Operating profit for the year ended 3...