TIDMSOHO

RNS Number : 2648Q

Triple Point Social Housing REIT

05 June 2018

5 June 2018

Triple Point Social Housing REIT plc

(the "Company" or, together with its subsidiaries, the "Group")

EPRA Index Inclusion

The Board of Triple Point Social Housing REIT plc (tickers: SOHO; SOHC) is pleased to announce that the Group has been notified by EPRA, the European Public Real Estate Association, that the Company will be added to the FTSE EPRA/NAREIT Global Real Estate Index Series.

This inclusion will become effective as of Monday, 18 June 2018, following the Company successfully satisfying the required eligibility criteria during the Index's recent Quarterly Review.

Chris Phillips, Chairman of Triple Point Social Housing REIT plc, commented:

"The FTSE EPRA/NAREIT Global Real Estate Index Series is the benchmark index for institutional property investors. Therefore, we are delighted with our inclusion from 18 June, which we expect will assist in continuing to further diversify the Company's investor base and to increase liquidity in our shares."

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 
 Triple Point Investment           (via Newgate below) 
  Management LLP 
  (Delegated Investment Manager) 
 James Cranmer 
 Ben Beaton 
 Max Shenkman 
 Justin Hubble 
 
 Akur Limited (Joint Financial     Tel: 020 7493 3631 
  Adviser) 
 Tom Frost 
 Anthony Richardson 
 Siobhan Sergeant 
 
 Canaccord Genuity Limited         Tel: 020 7523 8000 
  (Joint Financial Adviser 
  and Sole Global Coordinator 
  and Bookrunner) 
 Lucy Lewis 
 Denis Flanagan 
 Andrew Zychowski 
 
 Newgate (PR Adviser)              Tel: 020 7680 6550 
 James Benjamin                    Em: triplepoint@newgatecomms.com 
 Anna Geffert 
 Patrick Hanrahan 
 Leena Patel 
 

The Company's LEI is 213800BERVBS2HFTBC58.

Further information on the Company can be found on its website at www.triplepointreit.com.

NOTES:

The Company invests in social housing assets in the UK, with a particular focus on supported housing. The assets within the portfolio are subject to inflation-adjusted, long-term (typically from 20 years to 30 years), Fully Repairing and Insuring ("FRI") leases with Approved Providers (being Housing Associations, Local Authorities or other regulated organisations in receipt of direct payment from local government). The portfolio comprises investments into properties which are already subject to an FRI lease with an Approved Provider, as well as forward funding of pre-let developments but does not include any direct development or speculative development.

There is increasing political and financial pressure on Housing Associations to increase their housing delivery and this is creating opportunities for private sector investors to participate in the market. The Group's ability to provide forward financing for new developments not only enables the Company to secure fit for purpose, modern assets for its portfolio but also addresses the chronic undersupply of suitable supported housing properties in the UK at sustainable rents and delivering returns to investors.

Triple Point Investment Management LLP (part of the Triple Point Group) is responsible for management of the Group's portfolio (with such functions having been delegated to it by Langham Hall Fund Management LLP, the Company's alternative investment fund manager).

The Company was admitted to trading on the Main Market of the London Stock Exchange on 8 August 2017 and operates as a UK Real Estate Investment Trust ("REIT").

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

UPDFIMMTMBBMTLP

(END) Dow Jones Newswires

June 05, 2018 02:00 ET (06:00 GMT)

Triple Point Social Hous... (LSE:SOHO)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Triple Point Social Hous... Charts.
Triple Point Social Hous... (LSE:SOHO)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Triple Point Social Hous... Charts.