Triple Point Social Housing REIT PLC
Social Housing REIT plc (the Company) is a Real Estate Investment Trust (REIT) incorporated in England and Wales under the Companies Act 2006 as a public company limited by shares on 12 June 2017. The address of the registered office is The Scalpel, 18th Floor, 52 Lime Street, London, United Kingdom, EC3M 7AF. The Company is registered as an investment company under section 833 of the Companies A… Read more
Triple Point Social Housing REIT PLC (SOHO) - Net Assets
Latest net assets as of June 2025: GBX375.98 Million GBX
Based on the latest financial reports, Triple Point Social Housing REIT PLC (SOHO) has net assets worth GBX375.98 Million GBX as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX642.22 Million) and total liabilities (GBX266.24 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX375.98 Million |
| % of Total Assets | 58.54% |
| Annual Growth Rate | 9.87% |
| 5-Year Change | -9.08% |
| 10-Year Change | N/A |
| Growth Volatility | 28.73 |
Triple Point Social Housing REIT PLC - Net Assets Trend (2017–2024)
This chart illustrates how Triple Point Social Housing REIT PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Triple Point Social Housing REIT PLC (2017–2024)
The table below shows the annual net assets of Triple Point Social Housing REIT PLC from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX389.74 Million | -12.93% |
| 2023-12-31 | GBX447.62 Million | +1.90% |
| 2022-12-31 | GBX439.29 Million | +0.73% |
| 2021-12-31 | GBX436.11 Million | +1.74% |
| 2020-12-31 | GBX428.65 Million | +15.94% |
| 2019-12-31 | GBX369.73 Million | +1.53% |
| 2018-12-31 | GBX364.16 Million | +80.57% |
| 2017-12-31 | GBX201.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Triple Point Social Housing REIT PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 375.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX26.98 Million | 6.92% |
| Common Stock | GBX3.94 Million | 1.01% |
| Other Comprehensive Income | GBX155.45 Million | 39.89% |
| Other Components | GBX203.38 Million | 52.18% |
| Total Equity | GBX389.74 Million | 100.00% |
Triple Point Social Housing REIT PLC Competitors by Market Cap
The table below lists competitors of Triple Point Social Housing REIT PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SILEX SYSTEMS (RW4.SG)
STU:RW4
|
$36.67K |
|
Homeland Resources Ltd
PINK:HMLA
|
$36.68K |
|
LIMURU TEA CO. LTD
XNAI:LIMURU
|
$36.73K |
|
CLOETTA -B-
BE:0CL
|
$36.73K |
|
NewStream Energy Technologies Group Inc.
PINK:NSGP
|
$36.64K |
|
MFS High Income Municipal Closed Fund
NYSE:CXE
|
$36.64K |
|
Pinewood Technologies Group PLC
LSE:PINE
|
$36.63K |
|
BYD ELECTRONIC
BE:4BY
|
$36.62K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Triple Point Social Housing REIT PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 447,617,000 to 389,744,000, a change of -57,873,000 (-12.9%).
- Net loss of 36,389,000 reduced equity.
- Dividend payments of 21,484,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-36.39 Million | -9.34% |
| Dividends Paid | GBX21.48 Million | -5.51% |
| Total Change | GBX- | -12.93% |
Book Value vs Market Value Analysis
This analysis compares Triple Point Social Housing REIT PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 71.98x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | GBX0.99 | GBX71.30 | x |
| 2018-12-31 | GBX1.53 | GBX71.30 | x |
| 2019-12-31 | GBX1.05 | GBX71.30 | x |
| 2020-12-31 | GBX1.19 | GBX71.30 | x |
| 2021-12-31 | GBX1.08 | GBX71.30 | x |
| 2022-12-31 | GBX1.09 | GBX71.30 | x |
| 2023-12-31 | GBX1.13 | GBX71.30 | x |
| 2024-12-31 | GBX0.99 | GBX71.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Triple Point Social Housing REIT PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -9.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -92.88%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.69x
- Recent ROE (-9.34%) is below the historical average (3.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 2.81% | 552.29% | 0.00x | 1.03x | GBX-14.50 Million |
| 2018 | 5.46% | 89.36% | 0.05x | 1.21x | GBX-16.52 Million |
| 2019 | 6.41% | 90.39% | 0.05x | 1.47x | GBX-13.26 Million |
| 2020 | 5.74% | 87.36% | 0.04x | 1.47x | GBX-18.27 Million |
| 2021 | 6.51% | 88.58% | 0.05x | 1.61x | GBX-15.20 Million |
| 2022 | 5.67% | 73.74% | 0.05x | 1.60x | GBX-19.03 Million |
| 2023 | 7.82% | 87.83% | 0.06x | 1.59x | GBX-9.77 Million |
| 2024 | -9.34% | -92.88% | 0.06x | 1.69x | GBX-75.36 Million |
Industry Comparison
This section compares Triple Point Social Housing REIT PLC's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $403,448,692
- Average return on equity (ROE) among peers: 3.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Triple Point Social Housing REIT PLC (SOHO) | GBX375.98 Million | 2.81% | 0.71x | $36.67K |
| Empiric Student Property Plc (ESP) | $664.76 Million | 8.24% | 0.59x | $64.65K |
| KCR Residential Reit PLC (KCR) | $12.65 Million | 2.59% | 1.16x | $429.68 |
| PRS Reit PLC (PRSR) | $785.38 Million | 9.81% | 0.56x | $75.52K |
| Residential Secure Income plc (RESI) | $151.00 Million | -6.65% | 1.45x | $13.34K |