Business
RESULTS FOR THE YEAR ENDED 31 DECEMBER 2022
RESULTS FOR THE YEAR ENDED 31 DECEMBER 2022.
About this update from Social Housing Reit Plc
[{"type":"text","content":"\n \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 \n \n \n 3 March 2023\n \n \n \n Triple Point Social Housing REIT plc\n \n \n \n (the \"Company\" or, together with its subsidiaries, the \"Group\")\n \n \n \n RESULTS FOR THE YEAR ENDED 31 DECEMBER 2022\n \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 202\n 2\n .\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 31 December 202\n 2\n \n \n \n \n \n \n 31 December 202\n 1\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 \n EPRA Net Tangible Assets per share\n \n \n (equal to IFRS NAV per share)\n \n \n \n \n \n \n \n 109.06p\n \n \n \n \n 108.27p\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 6.18p\n \n \n 4.78p\n \n \n \n \n \n \n \n 7.05p\n \n \n 4.82p\n \n \n \n \n \n \n Total annualised rental income\n \n \n \n \n £39.0m\n \n \n \n \n £35.8m\n \n \n \n \n \n \n Operating profit\n \n \n \n \n £35.7m\n \n \n \n \n £35.2m\n \n \n \n \n \n \n Value of the portfolio\n (\n IFRS basis\n )\n \n \n \n \n \n \n \n £669.1m\n \n \n \n \n £642.0m\n \n \n \n \n \n \n \n \n \n Weighted average unexpired lease term\n \n \n \n \n 25.3 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 5.46p\n \n \n \n \n 5.20p\n \n \n \n \n \n \n \n \n \n \n \n \n Financial highlights\n \n \n \n ·\n EPRA Net Tangible Assets (equal to IFRS net asset value) per share of 109.\n 06\n pence as at 31 December 2022 (2021: 108.27 pence), an increase of\n 0.7\n %\n .\n \n \n ·\n Portfolio independently valued as at 31 December 2022 at £669.1 million on an IFRS basis (2021: £642.0 million), reflecting a valuation uplift of 11.1% against total invested funds of £602.2 million\n \n 1\n \n . The properties have been valued on an individual basis.\n \n \n ·\n The portfolio's total annualised\n contracted\n rental income was £39.0 million as at 31 December 2022 (2021: £35.8 million).\n \n \n ·\n Operating profit for the year ended 31 Dec...