Triple Point Social Housing REIT (LON:SOHO) Posts Earnings Results

Triple Point Social Housing REIT (LON:SOHO) posted its earnings results on Tuesday. The company reported GBX 5.40 ($0.07) earnings per share for the quarter, Digital Look Earnings reports. Triple Point Social Housing REIT had a net margin of 62.91% and a return on equity of 5.77%.

Triple Point Social Housing REIT Stock Up 1.4 %

SOHO stock opened at GBX 59.90 ($0.77) on Tuesday. Triple Point Social Housing REIT has a 52-week low of GBX 54.50 ($0.70) and a 52-week high of GBX 67 ($0.87). The firm has a market cap of £238.88 million, a P/E ratio of 9.30 and a beta of 0.30. The company’s 50-day simple moving average is GBX 58.19 and its 200-day simple moving average is GBX 60.93.

Triple Point Social Housing REIT Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be issued a GBX 1.37 ($0.02) dividend. The ex-dividend date is Thursday, March 27th. This represents a yield of 2.31%. Triple Point Social Housing REIT’s payout ratio is 77.67%.

About Triple Point Social Housing REIT

Social Housing REIT seeks to address the ongoing housing crisis by investing in the UK social housing sector, providing sustainable high-quality homes which have been adapted for vulnerable adults with long-term care and support needs including mental health issues, learning disabilities, or physical and sensory impairment.

We believe our residents deserve a home that offers greater independence than institutional accommodation, at the same time as meeting their specialist care needs.