Business
RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023
RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023.
About this update from Social Housing Reit Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT HAS BEEN DETERMINED TO CONTAIN INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014.\n8 March 2024\nTriple Point Social Housing REIT plc\n(the \"Company\" or, together with its subsidiaries, the \"Group\")\nRESULTS FOR THE YEAR ENDED 31 DECEMBER 2023\nThe Board of Triple Point Social Housing REIT plc (ticker: SOHO) is pleased to announce its audited results for the year ended 31 December 2023.\nChristopher Phillips, Chair of Triple Point Social Housing REIT plc, commented:\n\"We are pleased to report a resilient set of results for 2023, despite challenging macro-economic conditions. The Group delivered strong rental growth, which along with the continued growth in demand for Specialised Supported Housing, helped to preserve the value of the Group's well diversified property portfolio over the last 12 months.\nTriple Point SOHO is well positioned to continue to play a leading role in moving the sector forward through the rollout of our new risk-sharing clause and Eco-Retrofit pilot programme. These strategic initiatives, along with our granular approach to risk management, support our financial and operational performance, as well as the long-term valuation resilience of our portfolio.\nLooking ahead, we take comfort from the robust fundamentals of the sector which, together with our inflation protection and fully fixed debt, positions the Group to continue to deliver shareholder value through the fulfilment of our long term strategy while providing good homes to people with care and support needs throughout the UK.\"\n \n\n\n\n\n\n\n\n31 December 2023\n\n\n31 December 2022\n\n\n\n\nPortfolio value\n- IFRS basis\n\n\n £678.4m\n\n\n \n£669.1m\n \n\n\n\n\n \nEPRA Net Tangible Assets (\"NTA\") per share\n(equal to IFRS NAV per share)\n \n\n\n \n113.76p\n \n \n\n\n \n109.06p\n \n \n\n\n\n\nEPRA Net Initial Yield (NIY)\n \n\n\n5.57%\n \n\n\n5.46%\n \n\n\n\n\nLoan to Value\n \n\n\n37.0%\n\n\n37.4%\n\n\n\n\nEarnings per share (basic and diluted)\n- IFRS basis\n- EPRA basis\n- Adjusted earnings\n\n\n \n \n8.81p\n4.92p\n4.61p\n\n\n \n \n6.18p\n4.78p\n4.87p\n\n\n\n\n \nTotal annualised rental income\n\n\n \n£41.0m\n\n\n\n£39...