Triple Point Social Housing REIT : SOHO REIT Q3 2023 Factsheet View document

QUARTERLY FACTSHEET

31 December 2023

Triple Point Social Housing REIT plc - (the "Company" or "SOHO") invests in social housing assets in the UK, with a particular focus on Specialised Supported Housing.

INVESTMENT FEATURES

• Investment in a diversified portfolio of Social Housing with a focus on Specialised Supported Housing.
• Typically inflation-linked,long-term leases with Approved Providers ("AP").
• APs are typically Housing Associations or Local Authorities or other regulated organisations in receipt of direct payment from local government.
• SOHO has 100% ownership of property.

• Properties are typically leased under long-term Full Repairing and Insuring ("FRI") leases and house vulnerable individuals who have their rent funded by central government.
• Care is provided by CQC registered care providers who contract directly with the Local Authority.
• Forward funding in order to access prime Social Housing stock being developed (provided an agreement for lease is in place and a coupon is receivable during construction) is capped at 20% of NAV at the time of entering into any new forward funding arrangement.

COMPANY INFORMATION

LEI	213B00BERVBS2HFTBC58
Ticker	SOHO
ISIN	GB00BF0P7H59

KEY STATISTICS

Share Price	63.20p1
Market Cap	£248.7m1,2
IFRS NAV per share	113.76p1
EPRA NTA per share	113.76p1

KEY DATES

Financial Year End	31 December
Interim	30 June
Q3 2023 Ordinary Share Dividend	15 December 2023
Paid
Q4 2023 Ordinary Share Dividend	29 March 2024
Expected to be Paid

DIRECTORS AND ADVISERS

Chris Phillips (Chairman)

Ian Reeves CBE

Peter Coward

Tracey Fletcher-Ray

Cecily Davis

Investment Manager

Triple Point Investment Management LLP

Joint Financial Adviser

Akur Limited

Joint Financial Adviser and Corporate Broker

Stifel Nicolaus Europe Limited

Legal Adviser to the Company

Taylor Wessing LLP

Auditor and Reporting Accountant

BDO LLP

Financial PR Advisor

Brunswick Group

DIVIDEND PER ORDINARY SHARE

5.46p (DIVIDEND TARGET IN RESPECT OF THE FINANCIAL YEAR)3

Dividends paid in respect of the year ending 31 December 2023 totalled 5.46 pence per Ordinary Share, in line with the Company's target.

SOHO ORDINARY SHARE PRICE

8 August 2017 to 31 December 2023

120

100

80

60

40

20

0

Sep	Mar	Sep	Mar	Sep	Mar	Sep	Mar	Sep	Mar	Sep	Mar	Sep	Dec
17	18	18	19	19	20	20	21	21	22	22	23	23	23

KEY DEVELOPMENTS IN

Q4 2023

13 November 2023

Dividend Declaration

The Company declared an interim dividend of 1.365 pence per Ordinary Share for the period from 1 July to 30 September 2023

REFERENCES:	QUARTERLY FACTSHEET
1	31 December 2023	Page 01
2	Excludes shares held in treasury 450,000 which do not carry any voting rights
3	The target dividend is a target only and not a forecast. There can be no assurance that the target will be met and it should not be taken as an indication of the Company's expected or actual future results

QUARTERLY FACTSHEET

31 December 2023

PORTFOLIO UPDATE

As at 31 December 2023, the Company's portfolio was made up of 493 Supported Housing properties (3,417 units) across the UK, acquired for an aggregate consideration of £572.6m (excluding purchase costs). These assets are leased to a variety of APs with a focus on Supported Housing for vulnerable adults with care and support needs.

PORTFOLIO SUMMARY

Key	Region	Properties	% of funds
			invested5
1	North West	97	19.1
2	West Midlands	82	16.3
3	Yorkshire	66	15.2
4	East Midlands	55	11.1
5	North East	51	9.9
6	South East	61	9.3
7	London	27	8.6
8	South West	29	4.8
9	East	21	4.2
10	Scotland	2	1.0
11	Wales	2	0.5
Total		493	100.0

PORTFOLIO HIGHLIGHTS as at 31 December 2023

10

5

1

3

4

2

119

6 7

8

£678.4m	493	390			27
IFRS Valuation	Properties with 3,417 units	Tenancies	Approved Providers
116		£41.0m	24.3 years	100%
Care Providers	Contracted Rental Income	Weighted Average	Leases linked to inflation
Unexpired Lease Term	or Government policy

Queens Road	Regent Court	Moor House
CONTACT		Triple Point Social Housing REIT plc
Max Shenkman		1 King William Street	[phone]
Partner, Triple Point Investment Management LLP	London	www.triplepointreit.com
[e-mail]		EC4N 7AF

Disclaimer: Approved for issue in accordance with section 21 of the Financial Services and Markets Act 2000 by Triple Point Investment Management LLP, authorised and regulated by the Financial Conduct Authority (FCA). This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. The document is intended for information purposes only and does not constitute investment advice. It is important to remember that past performance is not a guide to future performance. Furthermore, the value of any investment or the income deriving from them may go down as well as up and you may not get back the full amount invested. If you are in any doubt about the contents of this document or the investment to which it relates, you should consult a person that specialises and is authorised by the FCA to advice on this type of investment.

REFERENCES:	QUARTERLY FACTSHEET
5 Funds invested exclude purchase costs	Page 02