On 3 September 2021 Triple Point Social Housing REIT have declared an interim dividend of 1.30 pence per Ordinary Share for the period 1 April 2021 to 30 June 2021. The total dividend of £5.24 million will be paid on 30 September 2021 to Ordinary shareholders on the register on 17 September 2021.
The Company intends to pay dividends to shareholders on a quarterly basis and in accordance with the REIT regime. Dividends are not payable in respect of its Treasury shares held.
Other financial highlights include:
EPRA Net Tangible Assets per share (equal to IFRS net asset value per share) of 106.42 pence at 30 June 2021 (31 December 2020: 106.42 pence).
Portfolio independently valued as at 30 June 2021 at £596.3 million on an IFRS basis (31 December 2020: £571.5 million), reflecting a valuation uplift of 7.7% against total invested funds of £553.6 million. The properties have been valued on an individual basis.
The Group's assets were valued at £639.9 million on a portfolio valuation basis (31 December 2020: £611.6 million), reflecting a portfolio premium of 7.3% or a £43.7 million uplift against the IFRS valuation.
The portfolio's total annualised rental income was £33.4 million as at 30 June 2021 (31 December 2020: £31.6 million).
Operating profit for the period ended 30 June 2021 was £13.3 million (30 June 2020: £11.8 million).
Dividend cover on an EPRA earnings run-rate basis including committed funds for two exchanged properties at 30 June 2021 was 100%
Ongoing Charges Ratio of 1.53% as at 30 June 2021 (31 December 2020: 1.57%; 30 June 2020: 1.61%).
During the period, the Group did not draw down further debt from the £160 million revolving credit facility agreement ("RCF") resulting in £130million of the RCF remaining drawn as at 30 June 2021.
Market capitalisation of £420.5 million as at 30 June 2021 (31 December 2020: £449.1 million).
