Triple Point Social Housing REIT
Market Cap
UK£429.0m
Last Updated
2021/02/28 21:01 UTC
Data Sources
Company Financials +
Executive Summary
Triple Point Social Housing REIT plc (the "Company") is a Real Estate Investment Trust ("REIT") incorporated in England and Wales under the Companies Act 2006 as a public company limited by shares on 12 June 2017. More Details
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Average dividend payer and fair value.
Share Price & News
How has Triple Point Social Housing REIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SOHO is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: SOHO's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-1.8%
SOHO
0.8%
GB REITs
-2.3%
GB Market
1 Year Return
15.5%
SOHO
-42.5%
GB REITs
1.1%
GB Market
Return vs Industry: SOHO exceeded the UK REITs industry which returned -42.5% over the past year.
Return vs Market: SOHO exceeded the UK Market which returned 1% over the past year.
Shareholder returns
| SOHO | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.8% | 0.8% | -2.3% |
| 30 Day | 0.5% | 2.4% | 1.8% |
| 90 Day | 2.9% | 4.5% | 5.5% |
| 1 Year | 21.7%15.5% | -8.0%-42.5% | 7.2%1.1% |
| 3 Year | 24.5%6.7% | 0.4%-0.6% | 9.8%-3.3% |
| 5 Year | n/a | 7.2%1.7% | 36.9%10.5% |
Long-Term Price Volatility Vs. Market
How volatile is Triple Point Social Housing REIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Did Triple Point Social Housing REIT plc (LON:SOHO) Use Debt To Deliver Its ROE Of 6.2%?2 months ago | Simply Wall St
What You Need To Know About Triple Point Social Housing REIT plc's (LON:SOHO) Investor Composition3 months ago | Simply Wall St
The Triple Point Social Housing REIT (LON:SOHO) Share Price Has Gained 26% And Shareholders Are Hoping For MoreValuation
Is Triple Point Social Housing REIT undervalued compared to its fair value and its price relative to the market?
16.41x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SOHO (£1.07) is trading above our estimate of fair value (£0.96)
Significantly Below Fair Value: SOHO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SOHO is good value based on its PE Ratio (16.4x) compared to the GB REITs industry average (18.1x).
PE vs Market: SOHO is good value based on its PE Ratio (16.4x) compared to the UK market (23.9x).
Price to Earnings Growth Ratio
PEG Ratio: SOHO is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: SOHO is overvalued based on its PB Ratio (1x) compared to the GB REITs industry average (0.8x).
Next Steps
Future Growth
How is Triple Point Social Housing REIT forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
17.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SOHO's forecast earnings growth (17% per year) is above the savings rate (1%).
Earnings vs Market: SOHO's earnings (17% per year) are forecast to grow slower than the UK market (23.3% per year).
High Growth Earnings: SOHO's earnings are forecast to grow, but not significantly.
Revenue vs Market: SOHO's revenue (11.3% per year) is forecast to grow faster than the UK market (7.3% per year).
High Growth Revenue: SOHO's revenue (11.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SOHO's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Triple Point Social Housing REIT performed over the past 5 years?
-4.2%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: SOHO has a large one-off gain of £8.7M impacting its June 30 2020 financial results.
Growing Profit Margin: SOHO's current net profit margins (90.6%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if SOHO's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: SOHO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SOHO had negative earnings growth (-4.2%) over the past year, making it difficult to compare to the REITs industry average (-4.2%).
Return on Equity
High ROE: SOHO's Return on Equity (6.2%) is considered low.
Next Steps
Financial Health
How is Triple Point Social Housing REIT's financial position?
Financial Position Analysis
Short Term Liabilities: SOHO's short term assets (£47.8M) exceed its short term liabilities (£6.4M).
Long Term Liabilities: SOHO's short term assets (£47.8M) do not cover its long term liabilities (£182.8M).
Debt to Equity History and Analysis
Debt Level: SOHO's debt to equity ratio (49%) is considered high.
Reducing Debt: Insufficient data to determine if SOHO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SOHO's debt is not well covered by operating cash flow (10.8%).
Interest Coverage: SOHO's interest payments on its debt are well covered by EBIT (3.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Triple Point Social Housing REIT current dividend yield, its reliability and sustainability?
4.86%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SOHO's dividend (4.86%) is higher than the bottom 25% of dividend payers in the UK market (1.49%).
High Dividend: SOHO's dividend (4.86%) is in the top 25% of dividend payers in the UK market (4.57%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SOHO has been paying a dividend for less than 10 years.
Growing Dividend: SOHO's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (91.6%), SOHO's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SOHO's dividends in 3 years are forecast to be covered by earnings (89.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.6yrs
Average board tenure
CEO
Triple Point Social Housing REIT has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Senior Independent Non-Executive Director | 3.58yrs | UK£50.00k | no data | |
| Independent Non-Executive Chairman | 3.58yrs | UK£75.00k | 0.014% £ 58.4k | |
| Independent Non-Executive Director | 3.58yrs | UK£50.00k | no data | |
| Independent Non-Executive Director | 3.58yrs | UK£50.00k | 0.019% £ 81.1k | |
| Independent Non-Executive Director | 2.25yrs | UK£50.00k | 0.0094% £ 40.2k |
3.6yrs
Average Tenure
64yo
Average Age
Experienced Board: SOHO's board of directors are considered experienced (3.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.8%.
Top Shareholders
Company Information
Triple Point Social Housing REIT plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Triple Point Social Housing REIT plc
- Ticker: SOHO
- Exchange: LSE
- Founded: 2004
- Industry: Residential REITs
- Sector: Real Estate
- Market Cap: UK£428.970m
- Shares outstanding: 402.79m
- Website: https://www.triplepointreit.com
Location
- Triple Point Social Housing REIT plc
- 1 King William Street
- London
- EC4N 7AF
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SOHO | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Aug 2017 |
| SOHOL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Aug 2017 |
Biography
Triple Point Social Housing REIT plc (the "Company") is a Real Estate Investment Trust ("REIT") incorporated in England and Wales under the Companies Act 2006 as a public company limited by shares on 12 Ju...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/28 21:01 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.