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

Triple Point Social Housing REIT (LON:SOHO) announced its quarterly 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 Price Performance

Shares of Triple Point Social Housing REIT stock opened at GBX 61.35 ($0.79) on Thursday. The company has a market capitalization of £244.66 million, a P/E ratio of 9.53 and a beta of 0.30. The business has a 50-day moving average of GBX 58.26 and a two-hundred day moving average of GBX 60.87. Triple Point Social Housing REIT has a 1 year low of GBX 54.50 ($0.70) and a 1 year high of GBX 67 ($0.86).

Triple Point Social Housing REIT Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 27th will be paid 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.