Triple Point Social Housing invests £130.1m of funds

Triple Point Social Housing REIT has deployed £130.1 million of the proceeds from its 8 August IPO.

Its portfolio of supporting housing assets includes 115 properties and 65 leases with approved providers.

The company's delegated investment manager, Triple Point Investment Management, has developed partnership programmes with a number of specialist vendors in the sector. Through these relationships, Triple Point has secured an attractive near-term off-market pipeline of more than 105 additional properties worth over £145 million, on which it expects to contract over the next four months.

The company will pay a dividend of 1p per share in respect of the period to 31 December 2017, and remains on track to deliver a 5p per share dividend in respect of its first full financial year to 31 December 2018.

At 9:04am: (LON:SOHO) Triple Point Social Housing Reit Plc Ord 1p share price was 0p at 105p