EPRA Index Inclusion

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 Management LLP (Delegated Investment Manager)	(via Newgate below)
James Cranmer
Ben Beaton
Max Shenkman
Justin Hubble
Akur Limited (Joint Financial Adviser)	Tel: [phone]
Tom Frost
Anthony Richardson
Siobhan Sergeant
Canaccord Genuity Limited (Joint Financial Adviser and Sole Global Coordinator and Bookrunner)	Tel: [phone]
Lucy Lewis
Denis Flanagan
Andrew Zychowski
Newgate (PR Adviser)	Tel: [phone]
James Benjamin	Em: [e-mail]
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").

 

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