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

Triple Point Social Housing REIT (LON:SOHO) released its quarterly earnings results on Tuesday. The company reported GBX 5.40 ($0.07) EPS 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 Down 0.4 %

LON:SOHO opened at GBX 61.35 ($0.79) on Thursday. The business’s 50-day simple moving average is GBX 58.26 and its two-hundred day simple moving average is GBX 60.87. Triple Point Social Housing REIT has a 52 week low of GBX 54.50 ($0.70) and a 52 week high of GBX 67 ($0.86). The stock has a market cap of £244.66 million, a PE ratio of 9.53 and a beta of 0.30.

Triple Point Social Housing REIT Dividend Announcement

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