Triple Point has had a positive year, with demand for social housing increasing during the pandemic.
The social housing REIT has built up its portfolio to £642m on an IFRS basis, up from £571.5m in 2020, reflecting a valuation uplift of 8.7% against total invested funds of £590.4m. Rental income rose from £31.6m to £35.8m, while operating profit for the year ending 31 December 2021 was £35.2m, up from 2020’s £30.2m.
Chair Chris Phillips said: “If the pandemic has taught us anything, it is that the intersections of health, economic and societal factors are more profound than ever. We cannot tackle these issues alone, but we can be a responsible participator in the wider system. By delivering on our investment strategy we seek to make a positive contribution to society while delivering sustainable financial returns for our shareholders.”
