Triple Point Social Housing REIT : Factsheet Q4 2022 View document

QUARTERLY FACTSHEET

31 December 2022

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 20 years+ Inflation-linked 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			DIRECTORS AND ADVISERS
	LEI	213B00BERVBS2HFTBC58		Board of Directors (Non-Executive)
	Ticker		SOHO		Chris Phillips (Chairman)
	ISIN		GB00BF0P7H59		Ian Reeves CBE
					Paul Oliver
					Peter Coward
					Tracey Fletcher-Ray
	KEY STATISTICS				Investment Manager
	Share Price		61.30p1
			Triple Point Investment Management LLP
	Market Cap
		£246.9m1,2
	IFRS NAV per share		109.06p1		Joint Financial Adviser
	EPRA NTA per share		109.06p1		Akur Limited
	KEY DATES				Joint Financial Adviser and Corporate Broker
				Stifel Nicolaus Europe Limited
	Financial Year End		31 December		Legal Adviser to the Company
	Interim		30 June
			Taylor Wessing LLP
	Q3 2022 Ordinary Share Dividend	16 December 2022		Auditor and Reporting Accountant
	Paid
	Q4 2022 Ordinary Share Dividend	31 March 2023		BDO LLP
	Expected to be Paid

DIVIDEND PER ORDINARY SHARE

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

Dividends paid in respect of the year ending 31 December 2022 totalled 5.46 pence per Ordinary Share, in line with the Company's target.

SOHO ORDINARY SHARE PRICE

8 August 2017 to 31 December 2022

120

100

80

60

40

20

0
Dec 17	Jun 18	Dec 18	Jun 19	Dec 19	June 20	Dec 20	June 21	Dec 21	June 22	Dec 22

KEY DEVELOPMENTS IN Q4 2022

23 November 2022

Dividend Declaration

The Company declared an interim dividend of 1.365 pence per Ordinary Share for the period from 1 July to 30 September 2022.

8 December

Cancellation of RCF Facility

The Group cancelled the £160 million Revolving Credit Facility with Lloyds and Natwest in December 2022 (the facility had been reduced in size from £160m to £50m in February 2022).

REFERENCES:	QUARTERLY FACTSHEET
1	As at 31 December 2022	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 2022

PORTFOLIO UPDATE

As at 31 December 2022, the Company's portfolio was made up of 497 Supported Housing properties (3,456 units) across the UK, acquired for an aggregate consideration of £581.6m (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
			invested4
1	North West	99	19.8
2	West Midlands	84	16.3
3	Yorkshire	64	14.8
4	East Midlands	58	11.9
5	South East	62	9.4
6	North East	50	8.9
7	London	27	8.5
8	South West	29	4.7
9	East	20	4.1
10	Scotland	2	1.0
11	Wales	2	0.6
Total		497	100.0

PORTFOLIO HIGHLIGHTS as at 31 December 2022

10

6

1

3

4

2

119

5 7

8

£669.1m	497	395			27
IFRS Valuation	Properties with 3,456 units	Tenancies	Approved Providers
123		£39.0m	25.3 years	100%
Care Providers	Contracted Rental Income	Weighted Average	Inflation-linked
Unexpired Lease Term

Colchester	Abingdon	Leeds
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
4 Funds invested exclude purchase costs	Page 02