The chairman of Triple Point Social Housing REIT has said the need for the company’s offering “is as great – if not greater – than ever before”, as the investment firm posted a rise in income and profit for the past year.
Rental income for the company, which invests in newly developed social housing, rose by a quarter year-on-year to £31.6m, while pretax profit stood at £24.6m, up by almost 4%.
Chairman Christopher Phillips said: “Despite – or perhaps because of – the unprecedented pressures of 2020, our stakeholders across the board rose to the challenge. Commissioners continued to support our business model, referring residents into our housing whenever possible to relieve pressure on the NHS. Local authorities continued to pay rent and care fees to ensure the viability of schemes.
