Triple Point Social Housing REIT plc

Triple Point Social Housing REIT funds the development of specialist adapted properties across the UK that provide homes for life for some of the most vulnerable people in society. Our homes give residents greater independence and dignity than traditional institutional care whilst still addressing their specialist care needs.

SHARE PRICE

£440.7m

IFRS Valuation
As at 30 September 2019 the portfolio was valued at £440.7 million

366

Properties
Total Investment of portfolio properties

2,592

units
Residents provided with accommodation to date

16

Approved Providers
Approved Providers with whom the Group has leases

1059

People Housed
People Housed

23-Oct-19

ACQUISITIONS UPDATE

The Group has completed the acquisition of 18 supported housing properties, comprising 77 units in total, for an aggregate commitment of approximately £11.6 million (excluding costs). 

29-Oct-19

REVOLVING CREDIT FACILITY EXTENDED TO £130 MILLION

The Group has secured a £60 million extension to its existing £70 million Revolving Credit Facility previously provided exclusively by Lloyds Bank plc (the "RCF"). As part of the extension, National Westminster Bank plc ("NatWest") will provide debt alongside Lloyds Bank plc and on identical terms. The Group now has the ability to draw a total of up to £130 million under the RCF.

10-Sep-19

ACQUISITIONS UPDATE

The Group has completed the acquisition of 36 supported housing properties and exchanged contracts on a further 4 supported housing properties, comprising 216 units in total, for an aggregate commitment of approximately £27.4 million (excluding costs).

What We Do

We seek to optimise the opportunities and stability for vulnerable people across the UK. The properties we invest in provide sustainable, high-quality accommodation for adults with specific care and support requirements. These needs often result from mental health problems, learning disabilities, or physical and sensory impairment.

Our accommodation differentiates itself by being a home within a community rather than the care facilities that have historically been a mainstay for vulnerable people with care needs similar to our residents. We also seek to provide value-for-money to local authorities by offering housing that is both more suitable and cost-effective than traditional alternatives.

Our ability to forward fund the development of custom-built properties allows us to bring high-quality, high occupancy new housing stock to market to the benefit of wider society.

Our portfolio assets benefit from long-term leases to Approved Providers, who are bodies that receive their funding from central or local government to provide long-term homes for people in need of housing. Through these leases, we offer our shareholders an attractive level of inflation-linked income.

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Location

1 King William Street

London

EC4N 7AF

United Kingdom