Living REIT plc
LLSE:SOHO76.60
GBX
+0.10
(+0.13%)
ISIN
GB00BF0P7H59
Return %
Stock
S&P 500
1Y
11.18
14.20
3Y
20.82
81.12
5Y
-30.99
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
GBP
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in mil. unless spec.Semi-annual Revenue
GBP
•
in mil. unless spec.Semi-annual Earnings Per Share
GBP
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in mil. unless spec.Semi-annual Dividends Per Share
GBP
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in mil. unless spec.Company Description
- CEO
- Michael Carey
- Full Time Employees
- - -
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- 3rd Floor London GL United Kingdom E1 6EG
- IPO Date
- Aug 8, 2017
- Website
- triplepointreit.com
- Similar Companies
- Business
- Triple Point Social Housing REIT plc, trading under ticker SOHO.L, is a UK-based real estate investment trust specializing in the provision and management of specialised supported social housing. The company’s core portfolio comprises high-quality homes adapted for individuals with complex care needs, including mental health conditions, learning disabilities, autism, and physical or sensory impairments. These residential properties include non-slip flooring, widened door frames, grab handles, alarm systems, wet-rooms, hoists, and lifts, catering to acute health requirements. The portfolio serves vulnerable adults across around 149 local authorities in the UK, with properties managed by regulatory-approved housing and care providers. The company’s business model is centered on acquiring, developing, and forward funding supported housing assets leased on full repairing and insuring (FRI) terms with long lease durations to regulated providers, primarily housing associations and care providers. It generates income through inflation-linked rents subject to annual upward-only rent reviews aligned with the Consumer Prices Index. The company was founded in 2017 and is headquartered in London, United Kingdom. It operates primarily within the UK social housing sector and targets vulnerable and specialist care housing markets with a focus on sustainable social impact and long-term income generation for shareholders. Triple Point Social Housing REIT plc invests in supported living homes designed to improve residents' life quality by enhancing independence while meeting complex care needs. Recent major developments include a strategic rebranding from Triple Point Social Housing REIT plc to Social Housing REIT plc in December 2024, reflecting an evolved corporate identity. The company has recently completed significant acquisitions, including a portfolio of 11 supported housing properties totaling 160 units acquired for approximately £25.9 million in the Midlands and North of England. It also acquired six additional properties and a care home comprising 91 units across the West Midlands, Yorkshire, South East, and North West regions. These acquisitions support the company's growth strategy focused on expanding its footprint and income-generating asset base. In 2024, Social Housing REIT transferred leases of 38 properties from Parasol Homes to Westmoreland Housing Association following service quality concerns and rent arrears, demonstrating active portfolio management and a focus on partnering with highly regulated and compliant service providers. The company also maintains partnerships with numerous registered providers and care providers to deliver quality services and comply with regulatory standards. Its investment grade credit rating was reaffirmed by Fitch in mid-2025, underscoring financial stability. Strategic focus has been placed on forward funding new developments, including 12 new supported housing units under construction for delivery in 2025, aiming to address the chronic undersupply of suitable supported housing across the UK. Triple Point Social Housing REIT plc operates under an investment framework that balances social impact objectives with the delivery of sustainable, inflation-protected income to shareholders through long-term leases and robust asset management within the supported housing sector in the UK. This description reflects the company’s current product offerings, latest acquisitions, operational changes, partnerships, and market positioning as of late 2025.