Edison issues update on Triple Point Social Housing REIT (SOHO): Financial and operational progress
Triple Point Social Housing REIT (SOHO) reported a robust FY23 financial performance.
- Triple Point Social Housing REIT (SOHO) reported a robust FY23 financial performance.
- Benefiting from inflation-linked rental growth and improving rent collection, DPS is once again covered on a run-rate basis, and we expect further progress.
- Operational initiatives included the roll-out of the new lease clause and launch of the eco-retrofit pilot project.
- The FY23 trailing dividend yield is 9.3% and we forecast DPS growth in FY24 on a fully covered basis.