Triple Point Social Housing REIT (SOHO) has said that any further return on capital for shareholders will only be considered if additional property sales are made, which are unlikely to take place before the end of the year.
In a stock exchange notice today (13 November), the board said that given the trust's cash position, any further share buybacks would be limited to £5.75m, and would have a negative impact on leverage. Therefore, SOHO said that any more return on capital would be dependent on significant additional liquidity being generated from asset sales, which the trust said will rely on market conditions. At the start of September, the trust announced the sale of four specialised supported housing properties for £7.5m to a private UK real estate investment firm, with the proceeds used to repay d...
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